Iamgold to sell forward 15%-20% of gold production to strengthen its finances
Mainly involved in mines and associated projects in Burkina Faso, Senegal, Guinea and Mali, the Canadian group has already managed to sell 12% of its worldwide production planned for 2021. It is also finalising the sale of mining assets in Mali.
Someone shares this article with you
▪ Iamgold to sell forward 15%-20% of gold production to strengthen its finances
▪ Mainly involved in mines and associated projects in Burkina Faso, Senegal, Guinea and Mali, the Canadian group has already managed to sell 12% of its worldwide production planned for 2021. It is also finalising the sale of mining assets in Mali.
▪ https://www.africabusinessplus.com/en/806019/iamgold-to-sell-forward-15-20-of-gold-production-to-strengthen-its-finances/
Gold producer Iamgold, whose main operating asset is located in Burkina Faso (Essakane), has already hedged 114,000 ounces of gold for 2021, representing 12% of its expected world production, at strike prices between $1,800 and $3,000 per ounce. This was done in order to benefit from the high price of the precious metal, which has jumped by 30% year-on-year and currently stands at around $1,953 per ounce.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
Advisory
06/12/2023 at 18h48, by Africa Business+
IamGold: Oumar Toguyeni on the road to consulting
Get the scoop with Africa Business+.
Mines
27/04/2023 at 17h22, by Africa Business+
Mining: Iamgold CEO Renaud Adams refocuses on Burkina and Canada
Iamgold’s latest chief executive, appointed in March, is preparing a strategic shift in the mining group’s...
Mines
06/01/2022 at 15h43, by Africa Business+, updated 07/01/2022
IamGold’s AGEM Ltd in arbitration against Mali over Sadiola mine
The Canadian mining company Barbados affiliate has retained Norton Rose in the ICSID proceedings initiated...
Mines
03/11/2021 at 17h24, by Africa Business+, updated 28/12/2021
IAMGOLD’s Benjamin Little: “Costs associated with greenhouse gas emissions are to increase significantly”
The mining company will become carbon neutral by 2050 and has detailed its strategy for dealing with...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.