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IAMGOLD finalises 100% sale of Guinea Gold assets

IAMGOLD Corporation has completed the sale of its 100% interest in the Karita Gold Project and related exploration assets in Guinea Toronto, Ontario.

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IAMGOLD regains 70% stake in Côté Gold mine

This sale is part of an agreement disclosed on December 20, 2022, in which IAMGOLD committed to transferring its projects in Senegal, Guinea, and Mali to Managem for approximately $282 million (pre-tax). The company had already completed the sale of its Senegalese assets, including the Boto Gold Project, on April 26, 2023.

This transaction represents an important milestone in IAMGOLD’s roadmap for the optimisation of its portfolio through the divestiture of its West African exploration and development assets.

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IAMGOLD achieves key milestones at Côté Gold

The Diakha-Siribaya Gold Project in Mali remains pending. This agreement reflects IAMGOLD’s strategic effort to streamline its asset portfolio while focusing on optimizing its core operations.

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Mining Review Africa
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Mining Review Africa

Mining Review Africa is a platform promoting advancement and sustainable development in African mining, providing insights on technology, finance, and industry trends through engagement with mining companies and suppliers.