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M&A Deal Summary

Endeavour Mining Acquires Semafo

On March 23, 2020, Endeavour Mining acquired metals/mining company Semafo

Acquisition Highlights
  • This is Endeavour Mining’s 2nd transaction in the Metals/Mining sector.
  • This is Endeavour Mining’s 2nd transaction in Canada.
  • This is Endeavour Mining’s 1st transaction in Quebec.

M&A Deal Summary
Date 2020-03-23
Target Semafo
Sector Metals/Mining
Buyer(s) Endeavour Mining
Deal Type Add-on Acquisition
Advisor(s) Maxit Capital LP (Financial)
Davies Ward Phillips & Vineberg (Legal)

Target

Semafo

Saint-Laurent, Quebec, Canada
Semafo, Inc. is an intermediate gold producer with over twenty years’ experience building and operating mines in West Africa. SEMAFO Inc. operates two mines, the Mana and Boungou Mines in Burkina Faso. SEMAFO Inc. is committed to building value through responsible mining of its quality assets and leveraging its development pipeline. Semafo was formed in 1994 and is headquartered in Saint-Laurent, Canada.

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Buyer(S) 1

Buyer

Endeavour Mining

London, United Kingdom
Category Company
Founded 2002
Sector Metals/Mining
Employees5,659
Revenue 2.7B USD (2024)
DESCRIPTION

Endeavour Mining is a producer of gold properties. Endeavour Mining was founded in 2002 and is headquartered in London, England.

DEAL STATS #
Overall 2 of 3
Sector: Metals/Mining M&A 2 of 3
Type: Add-on Acquisition M&A Deals 2 of 3
State: Quebec M&A 1 of 1
Country: Canada M&A 2 of 3
Year: 2020 M&A 1 of 2
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-16 Teranga Gold

Toronto, Ontario, Canada

Teranga Gold Corp. is a canadian-based gold company acquire the Sabodala gold mine and a large regional exploration land package, located in Senegal, West Africa, along with shares held in Oromin Explorations Ltd. (“Oromin”) from Mineral Deposits Limited (“MDL”), collectively referred to as the Sabodala Gold Assets. Teranga Gold was founded in 2010 and is based in Toronto, Canada.

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