IAmGold completes sale of stake in Senegal Bambari joint venture

IAG Iamgold Corp

$18.55 +0.60%

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B +1.80% FSM +0.36%

1. 1IAmGold (IAG) has sold its 35% indirect stake in the Bambari joint venture in Senegal to Fortuna Mining.
2. 2The company's share is approximately $70 million in cash (before taxes and transaction costs) plus a proportionate NSR, with total cash of $200 million.
3. 3The company monetizes non-core exploration assets to focus on its existing operations and development portfolio.

Source Newsfile Corp. +2 · View original ↗

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