RE:RE:RE: Endeavour to acquire gold miner Semafo in C$1 bln dealWell tC the market has truly spoken so far as to what they think but the shareholders
still need to vote on the deal.
On a positive note and when all this virus disaster is finally over (who knows when yet ?)
I think the world will finally hit the reset button and gold, which has always been historically
a safe haven, will be even more so and we might see a much higher POG which could last
for quite a while.
Just my opinion of course.
If this deal goes through on a pro-forma basis, a combined Endeavour and SEMAFO would have: (Just a couple of points from their NR)
- More than 1.0 Moz of gold production in 2020 (based on current company guidance),
placing it among the top 15 gold producers globally
- All-In Sustaining Costs below $900/oz in 2020 (based on current company guidance), placing it within the bottom third of the industry cost curve
GLTA