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Stock impact report

Orezone Gold signs agreement to acquire Hecla Quebec [Yahoo! Finance]

Iamgold Corporation Ordinary Shares (IAG) 
Last iamgold corporation ordinary shares earnings: 2/19 05:25 pm Check Earnings Report
Company Research Source: Yahoo! Finance
This acquisition will enable Orezone to gain full ownership of the operational Casa Berardi gold mine along with a collection of exploration properties, all situated in Quebec, Canada. The total consideration includes contingent payments that could reach up to $241m. The upfront and deferred consideration comprises cash amounting to $160m and $112m in Orezone common shares. Orezone Gold noted that the contingent consideration comprises $10m tied to gold prices and $231m based upon future permitting and gold production from the mine's proposed principal and West Mine Crown Pillar open pits. The underground and open-pit gold mine, Casa Berardi, is located in the Abitibi region, recognised as a Tier 1 mining jurisdiction. To date, it has produced more than 3.2 million ounces (moz) of gold. Orezone Gold will finance the upfront cash consideration through a mix of available cash and a gold stream from Franco-Nevada. The company has established an agreement for a $100m gold str Show less Read more
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