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Iamgold Ready for Risks, Spinoffs as It Eyes Growth
May. 24, 2011 12:44PM PST
Precious Metals InvestingReuters reported that Iamgold (TSE:IMG) is preparing to grow the company through acquisitions and spinoffs.
Reuters reported that Iamgold (TSX:IMG) is preparing to grow the company through acquisitions and spinoffs.
The market news is quoted as saying:
New Chief Executive Stephen Letwin, a newcomer to the booming gold sector, told Reuters that he aims to spin off Iamgold’s non-gold asset into a new entity and speed up the process of developing new mines.
