Canada's Iamgold Paying $585M For Trelawney Mining

Canada's Iamgold Paying $585M For Trelawney Mining

Paramaribo : Suriname | Apr 27, 2012 at 6:30 AM PDT
Source: International Business Times
Views: Pending
Canadian miner Iamgold Corp said Friday it agreed to buy gold exploration company Trelawney Mining for about C$585 million in cash, in a move aimed at expanding its asset base within politically safe jurisdictions. Share This Story Related Articles Toronto-based Iamgold, whose largest operations... FULL ARTICLE AT International Business Times
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  • Iamgold snags Trelawney Mining for $608-million

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    Video Video Video The acquisition of Trelawney creates a larger and more geographically balanced portfolio of long-life gold assets for Iamgold, said Steve Letwin, the company's chief executive officer. He said Trelawney's Cote Lake gold deposit...
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    Trelawney's primary asset is the advanced exploration Cote Lake Project in Ontario, Canada.  The Company announced an updated mineral resource estimate for Cote Lake on February 24, 2012, comprised of 35 million tonnes of gold at 0.82 grams per tonne...

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