About Cabling Installation & Maintenance

Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

Contact Cabling Installation & Maintenance

Editorial

Patrick McLaughlin

Serena Aburahma

Advertising and Sponsorship Sales

Peter Fretty - Vice President, Market Leader

Tim Carli - Business Development Manager

Brayden Hudspeth - Sales Development Representative

Subscriptions and Memberships

Subscribe to our newsletters and manage your subscriptions

Feedback/Problems

Send a message to our general in-box

 

IAMGOLD Corporation (NYSE: IAG) Sells its Boto Gold Project and Exploration Assets to Managem for $282 Million

IAMGOLD Corporation (NYSE: IAG) is engaged as a mid-tier gold mining company, which maintains operations across North America, South America and West Africa. The company has two operating mines: Essakane (Burkina Faso) and Westwood (Canada). The company is also working on building a large-scale gold project in Canada in a partnership with Sumitomo Metals & Mining of Japan. Shares of the gold mining company are rallying 27% through early trading on Tuesday, December 20, 2022. Over the past three months, IAMGOLD has seen average daily volume of 5.73 million shares. However, volume of 12.25 million shares or dollar volume of around $28.3 million, has already exchanged hands through early trading.

Shares of IAMGOLD are gaining after the company announced it has entered into a definitive agreement to sell its 90% interest in the Boto Gold Project in Senegal and 100% in both its Diakha-Siribaya Gold Project in Mali, the Karita Gold Project & associated properties in Guinea and an early-stage exploration properties in Boto West, and the vested interest in the Senala Option Earn-in Joint Venture in Senegal. The company is collectively selling its Senegal, Mali and Guinea projects for a total consideration of $282 million.

The total amount of $282 million is subject to change in intercompany loans associated with the continued growth and operation of projects between definitive announcement agreement and the closing of the sale. Included in the total consideration is a $30 million deferred payment, which will be available to be paid out either six months after the closing of the Boto Gold Project and associated properties or at a time mutually-agreeable by both parties.

The asset sale is subject to certain regulatory approvals, including the transfer of permits and licenses from the governments of Senegal, Mali and Guinea. In addition, IAMGOLD’s creditors must sign off on the deal as well. Overall, the transaction is estimated to close sometime during the second or third quarter of 2023.

Maryse Bélanger, Chair of the Board of IAMGOLD and Interim President and CEO, commented: “The sale of our Bambouk assets to Managem is the culmination of a comprehensive strategic review and sale process. We are pleased that ownership of the Bambouk assets will be assumed by Managem, which has decades of mining development and operating experience in Africa and intends to advance these assets responsibly, for the benefit of all stakeholders. IAMGOLD and Managem will work closely towards a smooth transition of ownership.”

Disclosure: No position. Spotlight Growth has no relationships with any of the companies mentioned in this article and did not receive payment in any form for its creation. This is an opinion article and is not meant to be financial advise. We are not broker-dealers or investment professionals. Please conduct your own due diligence. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/

The post IAMGOLD Corporation (NYSE: IAG) Sells its Boto Gold Project and Exploration Assets to Managem for $282 Million appeared first on Spotlight Growth.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.