IAMGOLD to sell its Boto gold project and surrounding exploration assets for $282 million IAMGOLD
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Under the terms of the agreements, IAMGOLD will receive total cash payments of approximately $282 million as consideration for the shares and subsidiary/intercompany loans for the entities that hold the company's 90% interest in the Boto gold project in Senegal and 100% interest in each of: the Diakha-Siribaya gold project in Mali, Karita gold project and associated exploration properties in Guinea, and the early stage exploration properties of Boto West, Senala West, Daorala and the vested...
"The proceeds of the sales, coupled with the financing agreement with Sumitomo announced last night, meet the remaining funding requirements for completion of construction at the Côté gold project, which is approximately 70% complete and on track for production in early 2024."
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