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Iamgold completes sale of Guinea assets

6th January 2025

By: Sabrina Jardim

Senior Online Writer

     

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TSX-listed Iamgold has finalised the sale of its 100% interest in the Karita gold project and associated exploration assets in Guinea, the company confirmed on December 23.

The transaction forms part of a broader deal,  first announced on December 20, 2022, to sell Iamgold’s interests in its exploration and development projects in Senegal, Guinea and Mali to mining group Managem for $282-million.

In April 2023, Iamgold completed the sale of its interests in Senegal, including its 90% interest in the Boto gold project and 100% exploration interests within the country.

With the closure of the Guinea sale, the remaining transaction involves the Diakha-Siribaya gold project and associated exploration assets in Mali.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

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