GOLD: Iamgold buys Monarch’s Fayolle deposit for $11.5M

QUEBEC – Canada’s Monarch Gold is selling its Fayolle property in western Quebec to fellow miner Iamgold in a cash and share deal valued at $11.5 million. The Montreal-based company said the transaction will see Iamgold issuing $9.7 million in shares to Monarch and a $300,000 cash

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