China Gold sees Iamgold as good fit — executive
Reuters | September 18, 2019 | 2:42 pm Intelligence Canada China Gold
Rosebel gold mine in Suriname. Image courtesy of Iamgold Corp.
Canadian miner Iamgold Corp would fit well with China Gold International Resource Corp Ltd’s acquisition strategy as the Chinese state-run company seeks to buy producing gold mines, an executive with the overseas arm of China National Gold Group said on Wednesday.
China Gold is aggressively looking to add to its project pipeline, and Iamgold would be a good fit, Jerry Xie, executive vice president, told Reuters on the sidelines of the Denver Gold Forum.
CHINA GOLD IS EYEING DEALS IN CANADA, LATIN AMERICA AND AFRICA IN THE $1 BILLION TO $2 BILLION RANGE
“You can take that as an example. We feel comfortable for that size, as a corporate acquisition,” he said.
“That one is really good to fit our strategy,” he added.
He declined comment on whether the company has held specific talks with Iamgold, whose flagship project is the Rosebel mine in Suriname.
China Gold is eyeing deals in Canada, Latin America and Africa in the $1 billion to $2 billion range but would also consider partnering on projects and smaller deals around $500 million, Jerry said.