https://www.miningweekly.com

TomaGold sells remaining 25% of Monster Lake stake to Iamgold

18th September 2020

By: Creamer Media Reporter

     

Font size: - +

Listed miner Iamgold will buy the remaining 25% of the Monster Lake project, in the Chibougamau mining camp, Quebec, from TSX-V-listed TomaGold in an C$8.5-million cash-and-share transaction.

The Monster Lake project comprises the Monster Lake, Winchester and Lac à l’eau jaune properties in the Chibougamau mining camp.

TomaGold first entered into an agreement with Iamgold over the Monster Lake project in 2013.

“We are proud of what we have accomplished with Monster Lake, taking a promising exploration gold project and developing it into a high-grade gold deposit with the help of our joint venture partner, Iamgold,” said TomaGold president and CEO David Grondin.

Completion of the sale of the minority interest is subject to approval by TomaGold shareholders at a special meeting to be held in November.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION