Completing two major acquisitions in one calendar year is a significant achievement by any measure but to do so in the midst of a pandemic makes it even more remarkable – which is one of the reasons why we have chosen Endeavour Mining CEO Sebastian de Montessus as our Mining Person of the Year for 2020.
Last March – just as Covid-19 started turning the world upside down – Endeavour announced the friendly acquisition of Semafo in an all-share deal valued at US$716 million – adding two cornerstone mines (Boungou and Mana in Burkina Faso) to its already sizeable portfolio of mining operations in West Africa.
The deal made Endeavour not only the largest gold producer in Côte d’Ivoire and Burkina Faso but the largest gold producer in all of West Africa, with more than 1 million oz. of gold production a year. Continue Reading →