IAMGOLD Corp. (IAG) Enters Resource Development Agreement with Suriname
Tweet Send to a FriendGet Alerts IAG Hot Sheet
Price: $5.09 -2.86%
Overall Analyst Rating:
NEUTRAL (
Up)
Dividend Yield: 4.9%
Revenue Growth %: -24.5%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 4.9%
Revenue Growth %: -24.5%
Trade IAG Now!
IAMGOLD Corporation (NYSE: IAG) has reached a definitive agreement with the Government of the Republic of Suriname addressing future resource development and related power costs. The Agreement, once executed, will amend the existing Mineral Agreement regarding the Company's Rosebel mine in Suriname. It is expected that the Agreement, which follows the Heads of Agreement announced in December 2011, will be referred to the National Assembly of the Republic of Suriname as soon as practicable for their review and approval.
Until such approval has been received, both parties have agreed to keep confidential the details of the Agreement.
IAMGOLD President and CEO, Steve Letwin, stated, "This is a mutually beneficial agreement that underscores the collaborative nature of our partnership with the Government of Suriname. We and the Government have had ongoing discussions for over a year to achieve this landmark agreement and through that process have significantly increased our understanding of each other's objectives and solidified a relationship from which we can build a prosperous future for both parties."
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Until such approval has been received, both parties have agreed to keep confidential the details of the Agreement.
IAMGOLD President and CEO, Steve Letwin, stated, "This is a mutually beneficial agreement that underscores the collaborative nature of our partnership with the Government of Suriname. We and the Government have had ongoing discussions for over a year to achieve this landmark agreement and through that process have significantly increased our understanding of each other's objectives and solidified a relationship from which we can build a prosperous future for both parties."
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Global Hunter Securities Starts IAMGOLD (IAG) at Buy
- TransDigm (TDG) Considers $1-$1.8B Special Dividend; Requests to Amend Credit Facility
- Chevron (CVX) to Sell Interest in 3 Additional Nigerian Oil Leases
Create E-mail Alert Related Categories
Corporate News
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
