IAMGOLD Receives US$49 Million Cash From La Arena Option
Investing News Network - February 9th, 2011
IAMGOLD Corporation (TSE:IMG) today announced that Rio Alto Mining Limited has exercised its option to acquire 100% of IAMGOLD’s Peruvian copper/gold project for US$49 million cash.
IAMGOLD Corporation (TSX:IMG) today announced that Rio Alto Mining Limited has exercised its option to acquire 100% of IAMGOLD’s Peruvian copper/gold project for US$49 million cash.
The press release is quoted as saying:
Steve Letwin, President and CEO of IAMGOLD, said, “We are very pleased with the quality of the work that Rio Alto has completed at La Arena during the earn-in period. They have made excellent progress in advancing the project towards a production startup later this year and IAMGOLD is pleased to have participated in their success.”