IAMGOLD (TSE:IMG) has released an update.
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IAMGOLD Corporation has announced its intent to repurchase a 9.7% stake in the Côté Gold Mine from Sumitomo Metal Mining Co., Ltd., aiming to restore its ownership to 70%. The move, slated for completion by November 30, 2024, will be funded by cash proceeds from a recent equity financing deal closed by IAMGOLD. This strategic decision underscores IAMGOLD’s commitment to solidifying its investment in the lucrative Côté Gold project.
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