# Endeavour Mining in merger talks with Teranga Gold

Endeavour Mining confirmed it is in discussions with Teranga Gold regarding a potential merger of equals. The deal would create a larger West Africa-focused gold producer.

- Type: Acquisition
- Announced: 2020-11-11
- Where: Burkina Faso, Senegal, Côte d'Ivoire, Burkina Faso
- Value: $2.40B
- Status: rumored
- Capacity: 1.5 million ounces of gold per year
- Products: gold
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Endeavour Mining](https://endata.com/companies/21465.md)
- [Endeavour Mining](https://endata.com/companies/21465.md) (acquirer)
- [Teranga Gold](https://endata.com/companies/45280.md) (target)

## Sources

- [proactiveinvestors.co.uk](https://www.proactiveinvestors.co.uk/companies/news/933720/endeavour-confirms-that-it-is-in-talks-with-teranga-gold-regarding-a-potential-merger-of-equals-933720.html), 2020-11-11: "Endeavour confirms that it is in discussions with Teranga regarding a potential merger of equals style combination"
- [endeavourmining.com](https://www.endeavourmining.com/news-and-media/news/endeavour-and-teranga-announce-combination-create-new-senior-gold-producer/), 2020-11-16: "Endeavour Mining Corporation and Teranga Gold Corporation are pleased to announce that they have entered into a definitive agreement whereby Endeavour will acquire all of the issued and outstanding securities of Teranga."
- [financialpost.com](https://financialpost.com/mining/a-trend-that-will-continue-endeavour-snaps-up-canadas-teranga-in-2-4-billion-deal-as-gold-sector-consolidates/), 2020-11-16: "Clearly, the industry needs to further consolidate."

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