M&A Deal Summary

Endeavour Mining Acquires Teranga Gold

On November 16, 2020, Endeavour Mining acquired metals/mining company Teranga Gold

Acquisition Highlights
  • This is Endeavour Mining’s 3rd transaction in the Metals/Mining sector.
  • This is Endeavour Mining’s 3rd transaction in Canada.
  • This is Endeavour Mining’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2020-11-16
Target Teranga Gold
Sector Metals/Mining
Buyer(s) Endeavour Mining
Deal Type Add-on Acquisition
Advisor(s) Cormark Securities, Inc.
Cutfield Freeman & Co. Ltd.
Canaccord Genuity Corp. (Financial)
Stikeman Elliott (Legal)

Target

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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Buyer(S) 1

Buyer

Endeavour Mining

London, United Kingdom
Category Company
Founded 2002
Sector Metals/Mining
Employees3,786
Revenue 2.1B USD (2023)
DESCRIPTION

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

DEAL STATS #
Overall 3 of 3
Sector (Metals/Mining) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Ontario) 2 of 2
Country (Canada) 3 of 3
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-23 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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