- IAMGOLD (IMG) renews preliminary base shelf prospectus
- IAMGOLD is a mid-tier gold mining company operating in North America, South America and West Africa
- When this filling is made final, the company can offer common shares, first preference shares, second preference shares and more
- The net proceeds will be put towards funding ongoing operations and capital expenditures
- IAMGOLD Corporation (IMG) is down 9.90 per cent, trading at C$1.73 at 12:21 pm ET
IAMGOLD Corporation (IMG) has filed a preliminary short-form base shelf prospectus with the securities regulators in each province and territory of Canada.
When this filling is final, the company can offer common shares, first preference shares, second preference shares, debt securities, warrants, subscription receipts or any combination of up to US$500 million during the next 25 months in North America.
The net proceeds will be put towards funding ongoing operations and capital expenditures, including the construction and development of the Côté Gold project, reducing its level of outstanding indebtedness from time to time, other discretionary capital programs, and for general corporate purposes.
IAMGOLD is a mid-tier gold mining company operating in North America, South America and West Africa.
It has three operating mines: Essakane (Burkina Faso), Rosebel (Suriname) and Westwood (Canada), and is building the large-scale, long-life Côté Gold Project (Canada), which is expected to commence production in early 2024.
It also has many developments and exploration portfolios within high-potential mining districts in the Americas and West Africa.
IAMGOLD Corporation (IMG) is down 9.90 per cent, trading at C$1.73 at 12:21 pm ET.