Deals

Iamgold Explores Sale Amid Gold Sector Consolidation

  • Canadian miner is working with advisers on potential sale
  • Miner’s shares fall 36% this year, ratings cut by analysts
Photographer: Valerian Mazataud/Bloomberg
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Canadian miner Iamgold Corp. is exploring a possible sale of all or part of the company amid a wave of consolidation in the gold sector, according to people familiar with the matter.

The Toronto-based miner is working with advisers and has spoken to several potential buyers, said the people, who asked not to be identified because the matter is private.