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Iamgold reveals $300m bought-deal financing to boost Côté stake to 70%

Canada-headquartered Iamgold on Tuesday announced a $300-million bought deal financing at $4.17 a share to partly fund the repurchase of 9.7% in the Côté gold mine, in Sudbury, Ontario.

Iamgold’s participation in the Côté Gold Joint Venture (UJV) is 60.3% and it has an option to repurchase 9.7% from Sumitomo as part of a December 2022 funding agreement. ....

Canada Headquartered Iamgold , Gold Joint Venture ,