Business
IAMGOLD Announces Closing of Northern Superior Acquisition
All monetary amounts are expressed in U.S. dollars, unless otherwise indicated.Toronto, Ontario--(Newsfile Corp. - December 19, 2025) - IAMGOLD Corporation (...
About this update from Iamgold Corporation
[{"type":"text","content":"All monetary amounts are expressed in U.S. dollars, unless otherwise indicated.","length":79,"tagName":"p","attribs":{}},{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - December 19, 2025) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) ("IAMGOLD" or the "Company") is pleased to announce that the Company has completed the previously announced arrangement (the "Transaction") with Northern Superior Resources Inc. (TSXV: SUP) (OTCQB: NSUPF) (GR: D9M1) ("Northern Superior"), pursuant to which IAMGOLD acquired all of the issued and outstanding common shares of Northern Superior (the "NSUP Shares") by way of a plan of arrangement under Division 5 of Part 9 of the Business Corporations Act (British Columbia).","length":624,"tagName":"p"},{"type":"text","content":""With the completion of the acquisition of Northern Superior and its assets, IAMGOLD's Nelligan Mining Complex in the Chibougamau-Chapais region of Quebec is now among the largest pre-production gold projects in Canada," said Renaud Adams, President and Chief Executive Officer of IAMGOLD. "We look forward to accelerating our exploration program in the region with a goal of further expansion and extension of the mineralization at Nelligan, Philibert and Monster Lake, as we look to continue to grow the mineralization and advance a project that complements both the scale and timing of our Côté Gold Mine and its forthcoming expansion."","length":663,"tagName":"p"},{"type":"text","content":"As a result of the completion of the Transaction and the acquisition by IAMGOLD of all of the NSUP Shares, Northern Superior became a wholly-owned subsidiary of IAMGOLD. Former Northern Superior shareholders are now entitled to receive, in exchange for each NSUP Share held immediately prior to the effective time of the Transaction, a combination of (i) 0.0991 of an IAMGOLD common share and (ii) C$0.19 in cash. The Transaction also included a concurrent distribution to Northern Superior's shareholders of all the common shares in the capital of ONGold Resources Ltd. previously held by Northern Superior. Full details of the Transaction are included in Northern Superior's management information circular dated November 10, 2025, which can be found under Northern Superior's profile on SEDAR+ at www.sedarplu...