IAMGOLD Successfully Closes Transaction with Sumitomo Metal Mining for the Development of Côté Gold

IAMGOLD Corporation (TSX:IMG) (“IAMGOLD” or the “Company”) today announced that it has completed the sale of 30% of its interest in the Côté Gold Project to a wholly-owned subsidiary of Sumitomo Metal Mining Co., Ltd. (“Sumitomo”) for $195 million, as previously announced on June 5, 2017.
As quoted in the press release:

“Closing a transaction that has unlocked the hidden value of Côté Gold is tremendously exciting,” said Steve Letwin, President and CEO of IAMGOLD. “In Sumitomo, we have a partner with a common interest in both advancing the development of Côté and in potentially pursuing future opportunities.”

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