Category: Iamgold
2 Posts
POSTED ON March 23, 2015 BY James Fraser

A look at some of the news releases that caught my eye on Monday morning and my comments. Ivanhoe Mines – (IVN:TSX) – Ivanhoe shares are catching a bid this morning up 18% at press time. China-based Zijin Mining Group will be acquiring a 9.9% stake in Ivanhoe through a private placement at  C$1.36  per share. Ivanhoe… Continue Reading

POSTED ON January 22, 2015 BY James Fraser

Iamgold (IMG.T) has closed the sale of the Niobec mine for proceeds of $500 million in cash after tax. The company now has a very strong financial position and with current cash, cash equivalents, and gold bullion the balance is approximately $800 million. Management has indicated that they are looking for acquisition opportunities. The last acquisition Iamgold… Continue Reading

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