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IAMGOLD ready to fund Cote

IAMGOLD has closed the funding gap for its 365,000oz per year Canadian Cote gold project through an amendment to the joint venture and the sale of its Bambouk assets – with the project 70% and on track for early 2024 production.

Nathan Richardson
IAMGOLD’s share price rose 24.40% day on day to C$3.11 (US$2.28).

IAMGOLD’s share price rose 24.40% day on day to C$3.11 (US$2.28).

Sumitomo Metal Mining has agreed to provide up to US$340 million over the course of 2023 in return for about a 10% interest in Cote, IAMGOLD said. That would result in IAMGOLD holding about a 60% interest...

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