Iamgold Ready for Risks, Spinoffs as It Eyes Growth

- May 24th, 2011

Reuters 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.

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