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11/5/14

A few facts about IAMGOLD (IAG) (IMG.to) and Rio Alto Mining (RIO.to) (RIOM)


  • On May 8th 2008, IAMGOLD (IMG.to) (IAG) sold the La Arena gold property in La Libertad to a new start-up mining company created specifically for the deal.
  • Its name, Rio Alto Mining Ltd (RIO.to) (RIOM).
  • RIO.to paid IMG.to $47.6m plus 5.5% of the new company in shares*
  • At the time of the deal, IMG.to had a market cap of $1.84Bn.
  • At tonight's close, RIO.to has a market cap of $733.23m
  • At tonight's close, IMG.to has a market cap of $659.57m
  • Steve Letwin is still CEO of IAMGOLD.


All prices in Canadian Dollars.

*IMG sold those shares years ago