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IAMGOLD Closes Northern Superior Deal, Expands Quebec Gold Footprint

Story Highlights
  • IAMGOLD has acquired Northern Superior Resources, making it a wholly owned subsidiary.
  • The deal elevates IAMGOLD’s Nelligan Complex into a major pre-production gold project in Canada.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
IAMGOLD Closes Northern Superior Deal, Expands Quebec Gold Footprint

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An update from IAMGOLD ( (TSE:IMG) ) is now available.

IAMGOLD Corporation has completed its acquisition of Northern Superior Resources, making Northern Superior a wholly owned subsidiary and consolidating ownership of key exploration assets in Quebec’s Chibougamau-Chapais region. The all-share-and-cash transaction, which will see Northern Superior delisted and cease to be a reporting issuer, folds the Nelligan, Philibert and Monster Lake properties into IAMGOLD’s Nelligan Mining Complex, elevating it to one of Canada’s largest pre-production gold projects. This bolsters IAMGOLD’s growth pipeline alongside its Côté Gold mine, aligning project scale and timelines and potentially strengthening the company’s long-term production profile and strategic position in the Canadian gold sector.

The most recent analyst rating on (TSE:IMG) stock is a Buy with a C$21.00 price target. To see the full list of analyst forecasts on IAMGOLD stock, see the TSE:IMG Stock Forecast page.

Spark’s Take on TSE:IMG Stock

According to Spark, TipRanks’ AI Analyst, TSE:IMG is a Outperform.

IAMGOLD’s overall stock score is driven by strong technical momentum and positive corporate events, such as strategic acquisitions and market recognition. However, high valuation and operational challenges, particularly in cash flow and production costs, temper the outlook. The company needs to address these operational inefficiencies to enhance its financial performance and sustain growth.

To see Spark’s full report on TSE:IMG stock, click here.

More about IAMGOLD

IAMGOLD Corporation is a Canada-based intermediate gold producer and developer with operating mines in North America and West Africa, including Côté Gold and Westwood in Canada and Essakane in Burkina Faso. The Côté Gold mine reached full nameplate production in June 2025 and is positioned to be one of the largest gold mines in Canada, while IAMGOLD also holds a portfolio of early-stage and advanced exploration projects in high-potential mining districts such as the Nelligan Mining Complex in Quebec. The company, which employs around 3,700 people and emphasizes strong ESG practices, is listed on both the NYSE and TSX.

Average Trading Volume: 2,527,911

Technical Sentiment Signal: Buy

Current Market Cap: C$12.73B

For a thorough assessment of IMG stock, go to TipRanks’ Stock Analysis page.

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