A PYMNTS Company

Canada: Endeavour Mining dumps $3.5bn gold merger talks with Acacia

By  |  March 21, 2017

Canadian gold miner Endeavour Mining said on Tuesday it had ended discussions with London-based Acacia Mining regarding a potential merger.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Endeavour, which operates mines in West Africa, had held talks with Acacia earlier in January.

    Acacia, which is majority owned by Barrick Gold, also said on Tuesday it had decided not to progress towards a combination of the companies.

    Acacia had said in March that it stopped gold and copper concentrate exports from Tanzania following a ban by the government on unprocessed ore, putting nearly a third of its revenue at risk.

    Tanzania is Africa’s fourth-largest gold producer and Acacia its largest miner.

    Full Content: Nasdaq

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.