Acacia<\/a> have confirmed that they are in \u201cpreliminary discussions\u201d with each other and that this \u201cmay or may not result in agreement of a transaction\u201d.<\/p>\nEndeavour said that while it often evaluated business development opportunities, its main focus was the \u201corganic prospects in its existing asset portfolio\u201d.<\/p>\n
Acacia<\/span>, a spin off of Canadian-based Barrick Gold, primarily operates in Tanzania, and is the country\u2019s largest gold producers, with plans to extend its reach in West Africa.<\/p>\nEndeavour Mining<\/span> operates mainly in West Africa, with sites in Ghana, the Ivory Coast, Mali and Burkina Farso.<\/p>\nTogether, both companies have approximately $3.8 billion in combined market value, and would rank in the top five African gold mining companies by both market value and ounces produced.<\/p>\n
There is speculation that the merger could be a reverse takeover, with Acacia purchasing Endeavour. Sources told Bloomberg<\/em> that the merger could allow Barrick to reduce its 64 per cent stake in Acacia to around 30 per cent, potentially sending that stake to another buyer.<\/p>\n","protected":false},"excerpt":{"rendered":"Mining\u2019s mergers and acquisitions (M&A) marketplace may be on the verge of heating up with West African-focussed gold companies Endeavour Mining and Acacia Mining considering a merger. If the merger goes ahead, it could see one of the largest precious metal companies established in Africa, according to Bloomberg. Both Endeavour and Acacia have confirmed that … Continue reading “Endeavour, Acacia Mining in talks over possible merger”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6],"tags":[],"class_list":["post-2113","post","type-post","status-publish","format-standard","hentry","category-mines-and-quarry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-y5","jetpack-related-posts":[{"id":1361,"url":"https:\/\/yinghuiinternational.com\/index.php\/2016\/04\/27\/outotec-process-equipment-set-for-hounde-gold-operation\/","url_meta":{"origin":2113,"position":0},"title":"Outotec process equipment set for Hound\u00e9 gold operation","author":"yinghui","date":"April 27, 2016","format":false,"excerpt":"Outotec has been awarded a contract by Hound\u00e9 Gold Operation SA, a subsidiary of Endeavour Mining Corporation, for the delivery of process equipment to the greenfield Hound\u00e9 gold project in Burkina Faso. Outotec\u2019s contract value is approximately \u20ac13 million and the order has been booked in the second quarter 2016\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"Endeavour-720x400","src":"https:\/\/i0.wp.com\/www.bnmme.com.au\/wp-content\/uploads\/2016\/05\/Endeavour-720x400.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.bnmme.com.au\/wp-content\/uploads\/2016\/05\/Endeavour-720x400.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.bnmme.com.au\/wp-content\/uploads\/2016\/05\/Endeavour-720x400.jpg?resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.bnmme.com.au\/wp-content\/uploads\/2016\/05\/Endeavour-720x400.jpg?resize=700%2C400 2x"},"classes":[]},{"id":3146,"url":"https:\/\/yinghuiinternational.com\/index.php\/2018\/07\/31\/weir-to-spread-escos-service-wings-through-merger\/","url_meta":{"origin":2113,"position":1},"title":"WEIR TO SPREAD ESCO\u2019S SERVICE WINGS THROUGH MERGER","author":"yinghui","date":"July 31, 2018","format":false,"excerpt":"The acquisition of a century-old company specialising in cutting edge ground engaging tools will enable it to diversify globally, according to its new owner. The merger of ESCO Corporation into the Weir Group is set to offer producers \u201cmarket-leading solutions\u201d from extraction to concentration, with the latter\u2019s service centres spanning\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":956,"url":"https:\/\/yinghuiinternational.com\/index.php\/2015\/08\/28\/956\/","url_meta":{"origin":2113,"position":2},"title":"The 100 worst performing miners","author":"yinghui","date":"August 28, 2015","format":false,"excerpt":"Taking a look at the 100 worst performances of miners (excluding microcaps) on the NSYE, LSE, TSX and ASX on Monday confirms the view. The top ten of the losers on Monday were a broad slice of the mining sector. Glencore \u2013 a diversified miner \u2013 was down 13%, putting\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":965,"url":"https:\/\/yinghuiinternational.com\/index.php\/2015\/06\/26\/bradken-to-explore-merger-with-subsidiary-of-chilean-industrial-group-sigdo-koppers\/","url_meta":{"origin":2113,"position":3},"title":"Bradken to explore merger with subsidiary of Chilean industrial group Sigdo Koppers","author":"yinghui","date":"June 26, 2015","format":false,"excerpt":"Bradken chairman Nick Greiner and managing director Brian Hodges, who says the string of overtures from outsiders in the past 13 months had been frustrating to deal with at the same time as the company responded to a sharp downturn in the mining cycle. Photo: Dean Osland Bradken chairman Nick\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"1440932443109","src":"https:\/\/i0.wp.com\/www.bnmme.com.au\/wp-content\/uploads\/2015\/09\/1440932443109.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.bnmme.com.au\/wp-content\/uploads\/2015\/09\/1440932443109.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.bnmme.com.au\/wp-content\/uploads\/2015\/09\/1440932443109.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":7993,"url":"https:\/\/yinghuiinternational.com\/index.php\/2021\/07\/23\/northern-star-reaps-benefits-of-saracen-merger\/","url_meta":{"origin":2113,"position":4},"title":"Northern Star reaps benefits of Saracen merger","author":"yinghui","date":"July 23, 2021","format":false,"excerpt":"The Super Pit. Northern Star Resources is seeing the early signs of cost savings and productivity gains from the merger with Saracen Mineral Holdings as it progresses towards producing 2 million ounces of a gold a year. The gold miner sold 1.6 million ounces of gold in the 2021 financial\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"Northern Star","src":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2020\/11\/super-pit-604x270.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2020\/11\/super-pit-604x270.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2020\/11\/super-pit-604x270.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":3292,"url":"https:\/\/yinghuiinternational.com\/index.php\/2019\/02\/26\/barrick-launches-25bn-bid-for-newmont\/","url_meta":{"origin":2113,"position":5},"title":"Barrick launches $25bn bid for Newmont","author":"yinghui","date":"February 26, 2019","format":false,"excerpt":"Barrick Gold has officially unveiled an offer to merge with Newmont Mining after several days of anticipation it would make a tilt for the gold rival. The $US17.8 billion ($24.8 billion) all-share transaction would create the world\u2019s largest gold company, with three Australian assets \u2013 the Super Pit and Boddington\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/2113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/comments?post=2113"}],"version-history":[{"count":1,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/2113\/revisions"}],"predecessor-version":[{"id":2114,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/2113\/revisions\/2114"}],"wp:attachment":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/media?parent=2113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/categories?post=2113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/tags?post=2113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}