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Endeavour picks up Semafo in C$1 billion deal

West Africa-focused gold producer Endeavour Mining has doubled down on its presence in Burkina Faso and Côte d’Ivoire with a C$1 billion transaction to acquire Semafo.

Endeavour picks up Semafo in C$1 billion deal Endeavour picks up Semafo in C$1 billion deal Endeavour picks up Semafo in C$1 billion deal Endeavour picks up Semafo in C$1 billion deal Endeavour picks up Semafo in C$1 billion deal

Semafo's Boungou mine in eastern Burkina Faso

The deal, which the companies flagged on Monday morning, will create a top 15 gold producer, with combined volumes in excess of 1Moz per year.