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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (95976)	11/11/2020 8:24:18 AM
From: Goose94	Read Replies (1) \| Respond to of 202701

Endeavour Mining (EDV-T) and Teranga Gold (TGZ-T) in talks to merge. Endeavor, which is 24.12 per cent owned by Egypt's Sawiris family, has been on the acquisition trail this year as gold prices have gained on the back of global stimulus. Further consolidation in West Africa brings with it the possibility of economies of scale which could help miners manage increasing security costs, especially in the unstable Sahel. Raymond James analyst Craig Stanley says, "The combination of Endeavour and Teranga would further solidify Endeavour as West Africa's leading gold producer -- though a low premium offer for Teranga would leave too much value on the table." In March Endeavour acquired Semafo to become Burkina Faso's biggest gold producer, increasing its focus there despite rising insecurity. A deal with Teranga, if completed, would add another operating mine -- Wahgnion -- to Endeavour's four existing mines in Burkina Faso, and also give it exposure to Senegal.