The West African gold producers entered an agreement in March 2020 which will see Endeavour acquire all of the issued and outstanding securities of SEMAFO.
TSX-listed miners Endeavour Mining and SEMAFO shareholders are scheduled to vote on the proposed merger of the two companies on 28 May 2020, following the filing of a joint management information circular.
Canadian intermediate gold producer SEMAFO has increased the inferred mineral resource at its Bantou gold project in Burkina Faso to 2.2 Moz.
SEMAFO has provided an update on the attack on the public road between Fada and the Boungou Mine site in the Est region of Burkina Faso.
Canadian gold producer SEMAFO has set the 2019 exploration budget for the Karankasso portion of the Bantou project at $5 million.
TSX-listed SEMAFO reports that government security forces were attacked on the road between Fada and the Boungou mine site in the Est region.