IAMGOLD closes sale of 35% Bambadji JV stake in Senegal to Fortuna for about $70 million cash

Reuters2026/08/10 21:07

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IAMGOLD closed the sale of its indirect 35% stake in Senegal’s Bambadji joint venture to Fortuna Mining.
Transaction generated about USD 70 million in cash proceeds, before transaction costs.
Deal terms include USD 200 million cash paid at closing for 100% of the JV interests held by IAMGOLD, Barrick.
Consideration also includes a 0.5% NSR royalty capped on the first 1.75 million ounces of gold from the Bambadji permit.
Divestiture monetizes a non-core exploration asset, sharpening focus on the operating and development portfolio.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IAMGOLD Corporation published the original content used to generate this news brief via Newsfile (Ref. ID: 202608101700NEWSFILECNPR____20260810_309034_1) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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IAMGOLD closes sale of 35% Bambadji JV stake in Senegal to Fortuna for about $70 million cash

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