Aug. 8, 2012, 11:02 AMEndeavour Mining (EDVMF.PK -14.6%) agrees to buy Avion Gold (AVGCF.PK +27.8%) for $389M, or $0.88/share, a 57% premium to Tuesday's closing price in Toronto. Endeavour says the deal will boost 2012 gold output by ~50%, much of it in West Africa; it now expects to produce 282K-304K oz. of gold this year. | Aug. 8, 2012, 11:02 AM | Comment!
Endeavour is an intermediate gold producer delivering growth. Endeavour owns four gold mines producing 500,000 ounces per year in Mali, Ghana, Burkina Faso, and Cote deIvoire. In addition, the Hound Project in Burkina Faso is fully permitted and has a 2.1 million ounce reserve and the potential... More
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