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Partnership

Sumitomo Metal Mining x IAMGOLD

Sumitomo Metal Mining provided up to 340 million USD in funding for the Cote Gold Project in Ontario acquiring an approximate 10 percent interest from IAMGOLD. IAMGOLD later repurchased the 9.7 percent stake in 2024 returning to its full 70 percent interest.

joint venture · Concluded · operating


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Type
joint venture
Status
Concludedoperating

Who’s involved

Sumitomo Metal Mininginvestor partner

Sumitomo Metal Mining (TSE: 5713) is a Japanese mining and smelting company producing copper, nickel, and rare earth metals essential for battery and semiconductor manufacturing in autonomous systems.

HQJapanwww.smm.co.jp4 partnerships

Most-frequent partners

Off-registry parties

  • IAMGOLD · co developer

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Sources (1)

  1. https://www.iamgold.com/English/investors/news-releases/news-releases-details/2022/IAMGOLD-Announces-Transaction-with-Sumitomo-Metal-Mining-to-Provide-up-to-340-Million-in-Additional-Funding-for-the-Construction-of-the-Ct-Gold-Project/default.aspx

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