Endeavour Mining Corporation

Adamus Resources has announced an all-stock merger with Canada’s Endeavour Mining, which will create a new West Africa-focused gold miner producing more than 250,000 ounces each year.

Endeavour Mining began trading on the ASX this morning after the merger between Endeavour and Adamus Resources became effective yesterday.The move creates a new West Africa-focused gold miner producing more than 250,000 ounces each year.

THE level of exploration activity being undertaken by junior miners in Africa is increasing, with Burkina Faso in particular coming more into focus as a promising gold producer. 

LOOKING at the remuneration packages negotiated by newly appointed chief executives in Perth, there is a common pattern -5 size equals money.

African gold producer Endeavour Mining has appointed Ian Henderson as a director. Mr Henderson is the former manager of the JP Morgan Natural Resources Fund.

Endeavour Mining has sold its 38.5 per cent stake in Toronto-listed Namibia Rare Earths for $5.3 million.

Mining services contractor Ausdrill says the award of $US300 million worth of new contracts to its African mining subsidiary bodes well for a better 2015 after a horror run in recent months.

Ausdrill subsidiary Energy Drilling Australia has secured a contract extension of undisclosed value with Strike Energy for a three-month drill campaign in the Cooper Basin.