IAMGOLD and Sumitomo form joint venture for Côté Gold Project

IAMGOLD entered into an investment agreement with Sumitomo Metal Mining to form a joint venture for the Côté Gold Project in Ontario. Sumitomo will pay $195 million for a 30% interest, with $100 million due at closing and $95 million later.

“This transaction is significant for IAMGOLD as it validates the intrinsic value of the Côté Gold Project.”newswire.ca

• 1 source
• newswire.caIAMGOLD Announces Strategic Agreement with Sumitomo Metal Mining for the Development of Côté GoldIAMGOLD CorporationJun 6, 2017

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