IAMGOLD Completes $190 Million Acquisition of Northern Superior Resources
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IAMGOLD has completed the of Northern Superior Resources through a comprehensive transaction valued at $190.3 million (C$267.4 million).
This strategic acquisition positions IAMGOLD to create the Nelligan Mining Complex, combining multiple high-grade gold deposits across Quebec’s prolific Chibougamau mining district.
The combined entity will control 3.75 million ounces of measured and indicated gold resources alongside 8.65 million ounces of inferred resources, establishing one of Canada’s largest pre-production gold complexes. This 12.4 million total ounce resource base positions the Nelligan Mining Complex among the country’s premier undeveloped gold camps.
“With the completion of the acquisition of Northern Superior and its assets, IAMGOLD’s Nelligan Mining Complex in the Chibougamau-Chapais region of Quebec is now among the largest pre-production gold projects in Canada,” said Renaud Adams, president and chief executive officer of IAMGOLD.
“We look forward to accelerating our exploration program in the region with a goal of further expansion and extension of the mineralization at Nelligan, Philibert and Monster Lake, as we look to continue to grow the mineralization and advance a project that complements both the scale and timing of our Côté Gold Mine and its forthcoming expansion,” added Adams.
IAMGOLD’s acquisition centers on district-scale consolidation within Quebec’s mining-friendly jurisdiction, leveraging established infrastructure and regulatory frameworks to accelerate development timelines. The transaction integrates Northern Superior’s Philibert, Chevrier, and Croteau deposits with IAMGOLD’s existing Nelligan and Monster Lake projects.
IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada), and Essakane (Burkina Faso). The Côté Gold Mine achieved full nameplate in June 2025 and has the potential to be among the largest gold mines in Canada. IAMGOLD operates Côté Gold in partnership with Sumitomo Metal Mining. In addition, the company has an established portfolio of early stage and advanced exploration projects within high potential mining districts, including the Nelligan Mining Complex located in Quebec, Canada. IAMGOLD employs approximately 3,700 people and is committed to maintaining its culture of accountable mining through high standards of environmental, social and governance practices.
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