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Acacia confirms in early talks to combine with Endeavour Mining

Published 2017-01-13, 01:20 p/m
© Reuters.  Acacia confirms in early talks to combine with Endeavour Mining
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Jan 13 (Reuters) - Gold miner Acacia Mining Plc ACAA.L said on Friday it was in early talks about a possible merger with Canadian gold miner Endeavour Mining Corp EDV.TO .

Acacia, responding to media speculation, added that there was no certainty of a deal. company, which operates mines and exploration projects in Tanzania, Kenya, Burkina Faso and Mali, had a market cap of 1.72 billion pounds as of Jan. 12.

Endeavour bought True Gold Mining Inc TGM.V for about C$240 million in March giving it access to a low-cost gold mine in Burkina Faso.

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