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Hot on the heels of successfully getting the Cote mine to commercial production, IAMGOLD (TSX: IMG) has seemingly kept its eye steadily focused on growth. The intermediate gold producer this week announced not one, but two major transactions as it works to consolidate the Chibigamou region of Quebec, which houses both the Monster Lake and Nelligan properties.
This weeks acquisitions will result in the establishment of a new mining complex within IAMGOLD’s portfolio, while creating what will be one of the largest pre-production gold camps in the country with tens of millions of gold ounces in resources across all categories. Sound intriguing?
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