Loading ...TORONTO, June 5, 2017 /CNW/ – IAMGOLD Corporation (“IAMGOLD” or the “Company”) today announced that it has entered into an Investment Agreement with Sumitomo Metal Mining Co., Ltd., a Tokyo, Japan-based mining company and a global leader in the development and mining of non-ferrous metals, and a wholly-owned subsidiary of Sumitomo (collectively “Sumitomo”) whereby IAMGOLD will form a joint venture with Sumitomo. Sumitomo will pay an aggregate $195 million to IAMGOLD for a 30% undivided participating interest in IAMGOLD’s ownership interest in the Côté Gold Project in Ontario.
cont. https://ceo.ca/@newswire/iamgold-announces-strategic-agreement-with-sumitomo