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IAG / Oriole Resources says route to formalising IAMGOLD's 51% stake in Senala under review

Oriole Resources says route to formalising IAMGOLD's 51% stake in Senala under review
Oriole Resources PLC (AIM:ORR) confirmed that IAMGOLD Corp (TSX:IMG) has earned the right to a 51% stake in the Senala gold joint venture project in Senegal, however it said the route to formalising this holding is being reviewed. IAMGOLD has spent more than US$4mln on the project, entitling it to a 51% interest under a 2018 option agreement, and has started its second option, to spend a further US$4mln by end February 2024, that would lift its interest to 70%. Read More
Posted: May 18 2022, 03:49
Author Name: Proactive Investors
Views: 110640

IAG News  

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