Sum of the Parts...https://www.mining.com/endeavour-mining-to-buy-teranga-gold-creating-top-10-gold-miner/
When two companies, known for reliable execution in mine build-outs, get together, one wonders if the whole will be worth more than the sum of the parts ?
I think in this case the answer will be a resounding Yes !
Cataysts:
Higher gold prices
lower input costs (oil & gas)
Overhead & Admin synergies
Operating Synergies (mines in proximity, mid mgt.)
Greater negotiating power as one of world's top ten producers > 1.5 M oz (Suppliers and Gov'ts)
debt-free within a few years
Dividend just beginning
LSE
I've owned both companies for years.
It's a bargain at this price.
MM