IAMGOLD Corporation

10:36 AM EST - IAMGOLD Corporation : Announced that Jaguar Mining has signed an option agreement with IAMGOLD on a package of 28 exploration tenements covering an area of some 27,141.75 Ha in the prolific Iron Quadrangle, located in Minas Gerais, Brazil. The Iron Quadrangle Agreement stipulates that Jaguar has the option to earn an initial 60% interest in the Package by spending $6.0 million in exploration expenditures over four years commencing in the third quarter of 2020. Jaguar will be the project operator and will be subject to oversight by a technical committee with representatives from both companies. IAMGOLD Corporation shares T.IMG are trading up $0.09 at $5.52.

Stocks in Play