M&A Deal Summary

Endeavour Mining Acquires Avion Gold

On October 18, 2012, Endeavour Mining acquired metals/mining company Avion Gold

Acquisition Highlights
  • This is Endeavour Mining’s 1st transaction in the Metals/Mining sector.
  • This is Endeavour Mining’s 1st transaction in Canada.
  • This is Endeavour Mining’s 1st transaction in Ontario.

M&A Deal Summary

Date 2012-10-18
Target Avion Gold
Sector Metals/Mining
Buyer(s) Endeavour Mining
Deal Type Add-on Acquisition

Target

Avion Gold

Toronto, Ontario, Canada
website
Avion Gold Corp. is an intermediate gold producer delivering growth. Endeavour owns four gold mines producing 500,000 ounces per year in Mali, Ghana, Burkina Faso, and Côte d’Ivoire.

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Buyer(S) 1

Buyer

Endeavour Mining

London, United Kingdom

website


Category Company
Founded 2002
Sector Metals/Mining
Employees3,726
Revenue 2.8B USD (2021)
DESCRIPTION

Endeavour Mining Corp. is a producer of gold properties in West Africa. Endeavour Mining was founded in 2002 and is headquartered in London, the United Kingdom.


DEAL STATS #
Overall 1 of 3
Sector (Metals/Mining) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Ontario) 1 of 2
Country (Canada) 1 of 3
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-29 Youga Mine

Ouagadougou, Burkina Faso

The Youga Gold Mine is located approximately 180 km southeast of Ouagadougou. Youga is an open pit mining operation with a 1mtpa gravity/CIL processing facility. It has recovered a total of over 0.6 million ounces of gold since operations commenced in 2008. In 2015, Youga produced 68,407 ounces of gold. Production in 2016 is forecast to be 40,000 to 45,000 ounces at a mine-level AISC cost of $980 to $1,030 per ounce.

Sell $25M