IAMGOLD Announces Return to 70% Ownership in Côté Gold with Repurchase of 9.7% Interest
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IAMGOLD Corporation has repurchased a 9.7% interest in the Côté Gold Mine, increasing its ownership to 70%.
December 02, 2024 | 12:15 pm
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IAMGOLD Corporation has increased its ownership in the Côté Gold Mine to 70% by repurchasing a 9.7% interest from Sumitomo Metal Mining Co., Ltd.
The repurchase of a 9.7% interest in the Côté Gold Mine increases IAMGOLD's ownership to 70%, which is a strategic move to consolidate its assets and potentially increase its gold production capacity. This is likely to be viewed positively by investors, as it strengthens IAMGOLD's asset base.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100