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An announcement from IAMGOLD ( (TSE:IMG) ) is now available.
IAMGOLD Corporation announced an update to its credit facility with a new Second Amended and Restated Credit Agreement, increasing the revolving credit facility from $425 million to $650 million. The agreement involves key financial institutions such as the National Bank of Canada and Royal Bank of Canada, highlighting a strategic move to enhance liquidity and financial flexibility. This adjustment in credit agreement reflects IAMGOLD’s efforts to strengthen its financial footing and optimize capital structure, potentially impacting stakeholders by supporting continued investment in mining operations and growth initiatives.
More about IAMGOLD
IAMGOLD Corporation is a mining company engaged in the exploration, development, and production of gold properties. The company operates globally with a focus on sustainable mining practices and contributing to economic growth in the regions they work.
YTD Price Performance: 103.56%
Average Trading Volume: 8,042,671
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.96B
For an in-depth examination of IMG stock, go to TipRanks’ Stock Analysis page.
