Endeavour becomes West Africa’s top gold miner
With the acquisition of Semafo completed, Endeavour expects to produce more than one million ounces of gold this year.
With the acquisition of Semafo completed, Endeavour expects to produce more than one million ounces of gold this year.
The world’s largest gold mining complex is expected to produce 2.1 - 2.25 million ounces in 2020.
The combined company is expected to produce over 235,000 gold-equivalent ounces annually.
No timeline for the restart of operations has been defined at this time.
The C$1 billion deal, which would create West Africa’s top gold producer, is expected to close around July 1.
CEO Patrick Godin and EVP finance Annie Torkia Lagacé step down June 26.
Rosemont, if completed, is expected to become one of the largest copper mines in the US.
Streaming transaction will expand operations and build Colombia’s “next major gold mine.”
The company reported total gold production for the first five months of 2020 of 86,978 ounces.
Both companies have been partners in the Veladero mine in Argentina.