Acacia Mining and Endeavour merger could be “compelling” - analyst
“We believe this merger would make sense, add value, and create capex synergies,” says Deutsche Bank analyst Franck Nganou.
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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“We believe this merger would make sense, add value, and create capex synergies,” says Deutsche Bank analyst Franck Nganou.
Endeavour Mining Corporation announced on Monday a maiden Mineral Resource estimate for its recent Bakatouo and Colline Sud discoveries at its Ity Gold Mine in Cote d'Ivoire
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Goldcrest Resources has built up a portfolio of African gold projects. An Aim listing is next
A recent acquisition and a home-grown opportunity mean costs are only going one way - down.
“One thing we have is grade,” says CEO David Reading. “The other thing we have is strong people. It’s a testimony to them that we’ve actually built it.”