IAMGOLD (TSX: IMG) (NYSE: IAG) and joint venture partner AngloGold Ashanti announced Wednesday that they completed the sale of their collective interests in Société d’Exploitation des Mines d’Or de Sadiola S.A. to Allied Gold Corp. (TSE: ALG).
SEMOS’ principal asset is the Sadiola gold mine, in the Kayes region of Western Mali. Sadiola, one of the three assets AngloGold Ashanti put on the chopping block this year and IAMGOLD’s founding asset, is also owned by Mali’s government, which has an 18% interest.
The $150 million deal was first announced in December 2019 but delayed in August over a coup, which was Mali’s second in less than ten years. The $150 million deal was first announced in December 2019 but delayed in August over a coup, which was Mali’s second in less than ten years.
The coup capped weeks of protests demanding that Malian President Ibrahim Boubacar Keita step down.
Keita faced opposition criticism
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