# Teranga Gold secures approvals to acquire 90% stake in Massawa Gold Project

Teranga Gold secured approvals from the Senegalese Government to proceed with the acquisition of a 90% stake in the Massawa Gold Project in Senegal for $430 million from Barrick and its joint venture partner.

- Type: Acquisition
- Announced: 2020-02-14
- Where: Massawa Gold Project, Senegal, Senegal
- Value: $430.0M
- Status: announced
- Products: gold
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Barrick Gold](https://endata.com/companies/12881.md) (target)
- [Teranga Gold](https://endata.com/companies/45280.md) (acquirer)
- [Compagnie Sénégalaise de Transports Transatlantiques Afrique de l’Ouest](https://endata.com/companies/45281.md) (target)
- [Government of Senegal](https://endata.com/companies/45282.md) (partner)

## Sources

- [mining-technology.com](https://www.mining-technology.com/news/teranga-massawa-gold-project/), 2020-02-14: "Teranga Gold has secured approvals from the Senegalese Government to proceed to conclude the previously announced acquisition of a 90% stake in the Massawa Gold Project in Senegal, Africa."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.