Deals
Endeavour Explores Combination With Gold Miner Acacia
- Discussions between gold producers are at an early stage
- Acacia owner Barrick said to weigh options to lower stake
This article is for subscribers only.
Endeavour Mining Corp., a gold miner backed by Egyptian billionaire Naguib Sawiris, is exploring a merger with Acacia Mining Plc in a deal that would create one of the largest precious-metal mining companies in Africa.
Discussions are preliminary and may not result in a transaction, the companies said in separate statements Friday after Bloomberg reported the talks. The gold producers have a combined market value of about $3.8 billion.