Why Iamgold Stock Surged 31% This Week
Shares of Iamgold (NYSE: IAG) soared 31% this past week, according to data from S&P Global Market Intelligence. The international mining company took a major step toward optimizing its asset portfolio and bolstering its cash reserves. Iamgold agreed to sell its 95% stake in Suriname-based Rosebel Gold Mines N.V. to China-based Zijin Mining Group for $360 million in cash.