The Company issued a total of 7,187,500 ordinary shares in the capital of Endeavour ("Shares") at a price of C$20.00 per Share, which includes the exercise of the underwriters’ over-allotment option in full, for aggregate gross proceeds of C$143.75 million (the "Offering").
Burkina Faso Mining News
Shares in Toronto junior up sharply after adding 220,000oz to ultra high-grade Yaramoko project in West Africa expected to pour first gold in June.
The Hounde project, in Burkina Faso, is forecast to produce about 1.9 million ounces of gold over a 10-year mine life.
The Cdn$240 million deal is expected to close in late April.
Endeavour has sold its Youga mine to privately-held MNG Gold for US$25.3 million.
It said the move reduces its administrative, compliance and legal expenses, which could no longer be justified given the low levels of trading on the ASX relative to Endeavour’s TSX listing.
Shares in Montreal-based producer jump after strong operational results at its Burkina Faso gold mine, progress on feasibility for flagship project.
Shares in fast-growing producer surge after drill results at Cote d'Ivoire "free dig" mine provide extensions of oxide mineralization and fresh resources.
True Gold Mining's low cost Karma project in West Africa is ahead of schedule.
The Vancouver-based miner has sold 30% of the company to La Mancha Holding in a deal that will grant it a majority stake in the massive Ity gold mine, in Côte d’Ivoire.
$110 million super-high grade Yaramoko gold project now 36% complete and on track for start-up mid–2016.
Results confirm high grade mineralization zones at the firm's Agbaou gold mine, in Côte d’Ivoire.
Endeavour Mining shares jump 10% after Vancouver firm slashes debt as mines in Cote d'Ivoire, Mali, Burkina and Ghana mines throw off cash.
The Vancouver-based company said it is on track to pour its first gold at the mine in the first quarter of 2016.
The code, which is yet to be formalized into law, respects clauses in existing deals, said the miner.
$111 million underground mine in Burkina Faso boasting average grade of 11.8 g/t expected to commence production in a year's time.
Montreal company's shares are up 26% in 3 weeks following acquisition of Natougou gold deposit in Burkina Faso after $147m takeover of Orbis Gold.
Montreal-based producer picks up flagship project in Burkina Faso after sealing $139 million takeover of Australia's Orbis.
Burkina Faso may encounter some short-term choppiness.
Double digit gains for Toronto junior after receiving final approval for its high-grade, low-cost Yaramoko gold project.
Vancouver junior is assessing damage at its Karma project in West Africa after demonstrations suspend operations.
The security guard, a long-time employee at the Masbate gold project, was killed by a fellow guard on Saturday, following an argument between the two.
Under the golden light of the setting Saharan sun, two types of workers shuffle between concrete huts on their way home, still bathed in sweat from a day in the mines.
Canada is tying foreign aid to overseas mining development. It’s touted as “win-win,” but in Burkina Faso there are already some losers.
The miner plans underground operations at North Mara and inked a deal that could see it acquire up to 70%of a project in Burkina Faso.