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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  IAMGOLD Corporation    IMG   CA4509131088

IAMGOLD CORPORATION

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IAMGOLD : Canada's Iamgold says sale process delayed for Mali mine amid unrest

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08/20/2020 | 06:26pm EDT

Aug 20 (Reuters) - Canada's Iamgold Corp has delayed the sale process for its Sadiola gold mine in Mali because of political instability in the country, a spokeswoman said on Thursday.

Iamgold said in December it had reached a deal to sell its 41% interest in the mine, a joint venture with AngloGold Ashanti Ltd, to Allied Gold Corp.

Mali President Ibrahim Boubacar Keita resigned on Tuesday and dissolved parliament hours after soldiers detained him at gunpoint and seized power in a coup.

"We note that the only outstanding matter is the signature of the prevailing government authorities," Iamgold spokeswoman Indi Gopinathan said in an email. She did not provide an estimate on closing.

The government of Mali owns an 18% interest in the mine.

Africa's fourth-biggest producer of gold, Mali's output rose to 71.1 tonnes in 2019 from 66.8 tonnes the previous year, the government has said. (Reporting by Jeff Lewis; Editing by Chris Reese and Peter Cooney)


Stocks mentioned in the article
ChangeLast1st jan.
ANGLOGOLD ASHANTI LIMITED -1.91% 404.84 End-of-day quote.27.91%
IAMGOLD CORPORATION -0.19% 5.15 Delayed Quote.6.19%
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Financials (USD)
Sales 2020 1 291 M - -
Net income 2020 117 M - -
Net cash 2020 408 M - -
P/E ratio 2020 15,7x
Yield 2020 -
Capitalization 1 857 M 1 856 M -
EV / Sales 2020 1,12x
EV / Sales 2021 0,91x
Nbr of Employees 5 000
Free-Float 99,8%
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Technical analysis trends IAMGOLD CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 6,21 $
Last Close Price 3,92 $
Spread / Highest target 93,9%
Spread / Average Target 58,6%
Spread / Lowest Target 12,4%
EPS Revisions
Managers
NameTitle
P. Gordon Stothart President, Chief Executive Officer & Director
Donald Kinloch Charter Chairman
Bruno Lemelin Senior Vice President-Operations & Projects
Carol T. Banducci Chief Financial Officer & Executive Vice President
John Edward Caldwell Independent Director
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