top of page

Endeavour Mining is to acquire SEMAFO for $690M

Endeavour Mining has announced a deal to acquire SEMAFO inc., which focuses on gold mining and exploration in West Africa, for $690M in an all-stock deal.

“This combination will create one of the leading gold companies, with the largest portfolio of operating assets located entirely in West Africa. In addition to being immediately accretive on all metrics, this transaction will enhance our scale as well as providing improved trading liquidity, greater asset diversification and a reduced risk profile for all shareholders.”
Michael Beckett, Endeavour Chairman

The exchange ratio of 0.1422x Endeavour shares for every SEMAFO share represents a 27.2% premium to the 20-day volume-weighted average price for SEMAFO.


bottom of page