08:17 AM EDT, 10/20/2025 (MT Newswires) -- Iamgold ( IAG ) traded 2.6% higher at last look Monday in New York Stock Exchange pre-market trading as the company entered separate definitive agreements to acquire Northern Superior Resources ( NSUPF ) and Mines D'Or Orbec (BLUE.V).

The transactions will consolidate Northern Superior's Philibert, Chevrier and Croteau deposits as well as Mines D'Or Orbec's Muus project with Iamgold's ( IAG ) Nelligan and Monster Lake projects in Quebec.

Northern Superior shareholders will receive 0.0991 of an Iamgold ( IAG ) share and $0.19 in cash for each common share of Northern Superior held, implying a total consideration of $267.4 million or $2.05 per share.

Upon completion, existing IAMGOLD ( IAG ) and Northern Superior shareholders will own 97% and 3%, respectively, of the pro forma company.

"This acquisition aligns with our strategy to become a leading Canadian-focused mid-tier gold producer, bolstering our organic pipeline in Quebec where we have maintained a longstanding presence," Iamgold ( IAG ) president and chief executive officer Renaud Adams said.

Meanwhile, Orbec shareholders will receive $0.125 per Orbec Share held, comprising $0.0625 per Orbec share and 0.003466 of an Iamgold ( IAG ) share for each Orbec share held. This implies a total equity value $17.2 million. Iamgold ( IAG ) currently owns 7.14 million Orbec shares for a 6.70% stake.

"We look forward to expanding our exploration program in the region with a goal of further expansion and extension of the mineralization at Nelligan and Monster Lake, while continuing the exploration efforts of the Orbec team," Adams said.