IAMGOLD and Newmont Mining sell Silidor Project
Newmont Mining (NYSE:NEM) and IAMGOLD (NYSE:IAG) sold their stakes in the Silidor property to Visible Gold Mines.
The acquisition will be through the issuing of common shares to the two companies by Visible Gold Mines, with Newmont receiving 55 percent and IAMGOLD 45 percent.
The entire stake is being sold, as Visible Gold Mines takes over the entire property. Visible is a natural resource mining company.
Newmont Canada Corporation, the actual company selling its stake, is a subsidiary of Newmont Mining.
IAMGOLD and Newmont Mining sell Silidor Project
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