08:12 AM EDT, 10/20/2025 (MT Newswires) -- Iamgold ( IAG ) said Monday it has agreed to acquire Mines D'Or Orbec in a cash and stock deal valued at about $17.2 million Canadian dollars ($12.3 million).

Under the deal, each Mines D'Or Orbec shareholder will receive CA$0.0625 in cash and 0.003466 of an Iamgold ( IAG ) share for a total consideration of CA$0.125 per share, it said.

The acquisition will consolidate Iamgold's ( IAG ) land position in Quebec's Chibougamau region.

Shares of Iamgold ( IAG ) were up 3% in recent Monday premarket activity.