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Iamgold profits from Diavik royalty sale

The sale of Iamgold’s Diavik diamond mine royalty interest has provided yet more proof of investment appetite in the sector.

Relinquishing a 1% interest it has held since 2004 when it merged with Repadre Capital, Iamgold received US$56.8 million from streaming and royalty company Sandstorm Gold for the asset.