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Micro Gold Futures $ 4508.8 / ozt 0.62%
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IAMGOLD snaps up another equity stake in Colombian gold company

Andrew Topf | November 04, 2011 | 11:33 pm Precious Metals Europe Latin America Gold 

Mid-tier gold producer IAMGOLD (TSE:IMG) has purchased a 14% stake in Colombia Crest Gold Corp. (CVE:CLB) for $3.4 million. Stock in Colombia Crest Gold shot up 9.43% on the news. The private placement follows IAMGOLD's earlier investments  in Tolima Gold Corp.,...

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