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Stock impact report

IAMGOLD Closes the Sale of its 100% Stake in the Karita Gold Project [Yahoo! Finance]

Iamgold Corporation Ordinary Shares (IAG) 
Last iamgold corporation ordinary shares earnings: 2/19 05:25 pm Check Earnings Report
Company Research Source: Yahoo! Finance
This transaction fulfills a part of an agreement inked with Managem two years ago, under which IAG had committed to sell interests in its exploration and development projects in Senegal, Guinea and Mali. Per the deal, IAMGOLD would receive cash payments totaling $282 million. Progress on the IAMGOLD & Managem Deal So Far IAMGOLD had announced the deal with Managem on Dec. 20, 2022. It entailed the sale of IAMGOLD's 90% interest in the Boto Gold Project in Senegal and 100% interest in each of the Diakha-Siribaya Gold Project in Mali, Karita Gold Project and associated exploration properties in Guinea. It also included the early-stage exploration properties of Boto West, Senala West and Daorala as well as the vested interest in the Senala Option Earn-in Joint Venture (also in Senegal). In April 2024, IAG divested its interests in Senegal for aggregate gross cash proceeds of $197.6 million. This included its 90% interest in the Boto Gold Project and 100% exploration interests wit Show less Read more
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