Iamgold announces deals to acquire Northern Superior Resources and Mines D’Or Orbec
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TORONTO – Iamgold Corp. announced a pair of deals to help consolidate its holdings near its Nelligan and Monster Lake projects in the Chibougamau region of Quebec.
The company says it has signed an agreement to acquire Northern Superior Resources Inc. in stock-and-cash deal valued at about $375 million.
Under the transaction, Northern Superior’s shareholders will receive 0.0991 of an Iamgold share and 19 cents in cash for each common share of Northern Superior. The offer implies a total value of $2.05 per Northern Superior share, based on the closing price of the Iamgold shares on the Toronto Stock Exchange on Oct. 17.
The transaction will also include a concurrent distribution to Northern Superior’s shareholders of all the shares in ONGold Resources Ltd. currently held by Northern Superior.
Under a second deal, Iamgold will acquire Mines D’Or Orbec Inc. in a stock-and-cash deal valued at $17.2 million, net of the 6.7 per cent stake it already holds in the company.
Orbec shareholders will receive 6.25 cents and 0.003466 of an Iamgold share for each Orbec share they hold for a value of 12.5 cents per share.
This report by The Canadian Press was first published Oct. 20, 2025.
Companies in this story: (TSX:IMG, TSXV:SUP, TSXV:BLUE)