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IAMGOLD acquires 19.98% interest in TomaGold for US$2.5M
Essential Metals & Mining Insights - January 2021
Industry Top Trends 2021: Metals and Mining
Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019
Essential Metals & Mining Insights - September 2020
IAMGOLD Corp. on Aug. 14 said it acquired 27,777,777 shares of TomaGold Corp., representing an around 19.98% interest in the latter.
The company purchased TomaGold shares at 9 U.S. cents apiece for a total of US$2.5 million.
The companies jointly own the Monster Lake gold project in Quebec on a 50/50 basis. IAMGOLD acts as the project operator and holds option to increase its stake to 75% by completing additional exploration expenditures by Jan. 1, 2022.