Endeavour Mining updates on Centamin deal prospect; plans due diligence
Endeavour remains convinced of the "strategic rationale" of combining both companies, it said
Company
TSE:EDV
Endeavour Mining is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Côte d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets. A member of the World Gold Council, the company is committed to the principles of responsible mining and delivering meaningful value to people and society.
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Endeavour remains convinced of the "strategic rationale" of combining both companies, it said
A look back at some of the top news from London's small-cap miners
Under the terms of the offer, investors will receive 0.0846 shares in Endeavour for each Centamin share owned
It means Houndé’s highest confidence measured and idicated (M&I) resources have now increased by 32% to 4.1 Moz gold
The capacity has been lifted to be able to handle 5 million tonnes per annum (Mtpa) of ore from 4 Mtpa previously
CEO Sébastien de Montessus,said the strong net free cash flow generated in the quarter marked an “important milestone”
Sofia Bianchi has over 30 years of experience in capital markets, including helping to establish the first African infrastructure fund focused on private sector projects
More than US$5 billion has been spent on exploration in West Africa over the past decade
The miner first began exploring the property back in March 2017 and a maiden resource was published last October
Posting second quarter results for the three months to end June, the miner said it was well positioned to meet full year output guidance
London lacks a gold mining champion of any real substance
The region hosts several major gold projects with multi-million-ounce deposits.
Connelly’s impressive track record for deal-making in Africa includes the US$570 million merger of Papillon Resources with B2Gold Corp.
In addition, the measured and indicated resource together at the Ity mine is now up 11%
The three discoveries of Kari Pump, Kari West and Kari Center are within the large 6km by 3km Kari anomaly
The maiden reserve at the Kari Pump area of 710,000 ounces lifted Houndé’s total reserves by 41%
Irvine will take over from Vincent Benoit, who is departing on August 1 this year
Could Endeavour Mining be set for a significant re-rating over the coming months?
Recent construction successes cement West Africa's position as one of the premier regions in which to go gold mining
Some mid-tier gold miners look more attractive than others