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IAMGOLD to Expand Rosebel Gold Mine in Suriname: report

IAMGOLD Corp (IMG.TO) today said that it has struck a deal with the government of Suriname in South America to expand the Canadian company's Rosebel gold mine, which will form the key elements for a definitive agreement to significantly expand the Rosebel operation, according to The Globe and Mail report.

Iamgold president and CEO Steve Letwin reportedly said: "Reaching an initial agreement on the terms and conditions necessary for the expansion of Rosebel is a pivotal moment for us."

IMG shares are now trading at $16.48, about 1% below yesterday's $16.66 close. After the drop, they moved closer to the lower end of a $16.38 to $16.86 range.

Companies: IAMGOLD Corp

Price: US$16.00. Price Change: -0.22. Percent Change: -1.4.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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