M&A Deal Summary

MNG Gold Acquires Youga Mine

On February 29, 2016, MNG Gold acquired metals/mining company Youga Mine from Endeavour Mining for 25M USD

Acquisition Highlights
  • This is MNG Gold’s 1st transaction in the Metals/Mining sector.
  • This is MNG Gold’s largest (disclosed) transaction.
  • This is MNG Gold’s 1st transaction in Burkina Faso.

M&A Deal Summary
Date 2016-02-29
Target Youga Mine
Sector Metals/Mining
Buyer(s) MNG Gold
Sellers(s) Endeavour Mining
Deal Type Divestiture
Deal Value 25M USD

Target

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.

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Buyer(S) 1

Buyer

MNG Gold

Turkey
Category Company
Sector Metals/Mining
DESCRIPTION

MNG Gold is a privately owned Turkish gold exploration and development company focused on West Africa and Turkey. MNG Gold own the high grade gold Balogo project, located in proximity to the Youga mill, in Burkina Faso and the Kokoya gold project in Liberia. MNG Gold has a broad capacity to explore, develop and produce gold in Turkey and abroad.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (Burkina Faso) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

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 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (Burkina Faso) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-18 Avion Gold

Toronto, Ontario, Canada

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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FOLLOWING 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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