Endeavour buys Semafo, creates one of West Africa’s top gold miners
The C$1 billion-deal brings about a top 15 gold producer, with combined volume of over 1 million ounces a year.
The C$1 billion-deal brings about a top 15 gold producer, with combined volume of over 1 million ounces a year.
The Argentina mine will operate during this period largely from its open-pit operations and from stockpiled material.
The aim is to extend Veladero’s life of mine beyond 2030 and elevate it to a tier one asset.
Miner has acquired and cancelled a 3% net smelter return (NSR) royalty payable on production from its mine in Ontario, Canada.
Company has declared its first quarterly dividend for 2020 of $0.10 per share, an 11% increase over last period.
Paracatu is the largest gold mine in Brazil and one of the biggest in the world.
Production increased by 6% year-on-year to 651,000 oz in 2019.
Drawing on experience of combating Ebola outbreaks around its mines in Africa, the gold giant has increased emergency response plans.
The company is combining its gold project in Senegal with Teranga Sabodala gold mine.
Kinross’ senior unsecured notes rating was upgraded to Baa3 from Ba1 with a stable outlook.