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Fortuna Mining buys Barrick, IAMGOLD Senegal project for $200M
['Cecilia Jamasmie']
MINING.COM
Fortuna Mining (NYSE: FSM; TSX: FVI) is buying the Bambadji gold project in Senegal for $200 million from Barrick Mining (NYSE: B; TSX: ABX) and IAMGOLD (TSX: IMG; NYSE: IAG), expanding its position in the West African nation. “Bambadji represents a rare opportunity to consolidate a large-scale, highly prospective exploration land package immediately adjacent to our feasibility-stage Diamba Sud Gold Project,” Fortuna CEO Jorge Ganoza said in a statement. Bringing Bambadji together with Diamba Sud gives Fortuna a substantially larger exploration position in Senegal while allowing it to target prospective ground alongside a project already at the feasibility stage.