Semafo has announced a merger with Endeavour Mining, a gold mining company listed on the Toronto Stock Exchange.
This merger is a significant development for Semafo, marking a new chapter in the company's history.
La Mancha, a private investment firm, has made a significant investment in Endeavour Mining, providing the necessary funds to support the merger.
A fresh viewpoint: Endeavour Mining
Company Information
Semafo is a Canadian-based intermediate gold producer with over twenty years' experience building and operating mines in West Africa.
The company operates two mines, the Boungou and Mana Mines, both located in Burkina Faso.
Semafo's revenue for the most recent period was $94.1 million.
The company has a strong presence online, with a website at http://www.semafo.com and a web rank of 5 million.
Semafo employs 243 people, with 104 of them being reachable on RocketReach.
The company was founded in 1995 and can be contacted by phone at (514) 744-4408 or by fax at (514) 744-2291.
Here are some of the technologies used by Semafo:
- JavaScript
- HTML
- PHP
Semafo is a part of the mining, metals & minerals industry, with a focus on gold production and exploration.
La Mancha Invests $100m in Endeavour Merger
La Mancha will invest $100m into the Endeavour-Semafo merger.
This significant investment will help create one of the leading gold companies in West Africa.
La Mancha's investment vehicle is operated by the wealthy Egyptian Sawiris family.
The family will also reduce their 31% stake in Endeavour to 25% in the combined entity.
This move is aimed at enabling a larger free float and greater stock liquidity.
The combined entity will have a portfolio of operating assets located entirely in West Africa.
This will provide improved trading liquidity, greater asset diversification, and a reduced risk profile for all shareholders.
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Shareholder and Management
Semafo has a diverse group of shareholders, with Van Eck Associates holding 12.5% of the company's shares.
The company's board of directors is composed of experienced individuals, including C. Gilles Masson, who has been a director since 2006.
President and CEO Benoit Desormeaux sees the recent transaction as an exciting opportunity for Semafo, with strong support from key shareholders.
For more insights, see: Cover Corp Shareholders
Semafo's management team is well-positioned to lead the company forward, with a focus on creating value through successful operations in West Africa.
Here is a list of Semafo's top shareholders:
The company's age is not publicly disclosed, but it was founded in 1995, and has its headquarters in Canada, specifically in Montreal, Quebec.
Frequently Asked Questions
Where is Semafo?
Semafo is a Canadian mining company with operations in Burkina Faso, West Africa. Specifically, its main sites are located in Boungou and Mana, Burkina Faso.
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