IAMGOLD (TSE:IMG) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
IAMGOLD has regained a 70% ownership stake in the Côté Gold Mine by repurchasing a 9.7% interest from Sumitomo Metal Mining for approximately $377 million. This strategic move underscores IAMGOLD’s commitment to advancing one of Canada’s largest gold mines, with the Côté Gold project expected to reach full operational capacity next year.
For further insights into TSE:IMG stock, check out TipRanks’ Stock Analysis page.
