IAMGOLD strengthens stock with prospective acquisition | 2023-12-07 | Investing News

Date:

  • IAMGOLD (TSX:IMG) is following up its C$45 million acquisition of Vanstar Mining with a 14.48 per cent equity position in Blue Thunder Mining (TSXV:BLUE)
  • IAMGOLD invested C$500,000 into Blue Thunder, granting it exposure to the company’s 25,250-ha Muus gold project in Quebec, which is on strike with five established gold resources
  • IAMGOLD is an intermediate gold producer and developer with operating mines in North America and West Africa
  • IAMGOLD stock (TSX:IMG) is up by approximately 9 per cent year-over-year, but has lost about 30 per cent since 2018

IAMGOLD (TSX:IMG) is following up its C$45 million acquisition of Vanstar Mining with a 14.48 per cent equity position in Blue Thunder Mining (TSXV:BLUE).

IAMGOLD invested C$500,000 into Blue Thunder through the purchase of 7,142,857 common shares priced at C$0.07 each as part of a non-brokered private placement. BLUE shares are up by 14.28 per…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...