# 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.

- Type: Partnership
- Announced: 2017-06-05
- Where: Ontario, Canada
- Value: $195.0M
- Status: announced
- Products: gold

## Companies

- [IAMGOLD Corporation](https://endata.com/companies/24716.md) (partner)
- [Sumitomo Metal Mining](https://endata.com/companies/24717.md) (partner)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/iamgold-announces-strategic-agreement-with-sumitomo-metal-mining-for-the-development-of-cote-gold-626634831.html), 2017-06-06: "This transaction is significant for IAMGOLD as it validates the intrinsic value of the Côté Gold Project."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.