Iamgold continues cost-cutting crusade with bid for Euro resources

Botswana Stock Exchnage listed and Toronto-based Iamgold will offer to pay ?1,20 a share in cash for France-based Euro Ressources, which has a royalty on its Rosebel mine, the gold miner announced on Friday.

Based on current gold prices, the acquisition, if successful, is expected to lower cash costs at the mine by some $50/oz.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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