better alternative RE: -Strong cash positionThe sale follows the Feb. 25 completion of Iamgold’s acquisition of Ottawa, Ontario-based Orezone Resources Inc., including a controlling stake in the Essakane gold project in Burkina Faso, Elaine Ellingham, a spokeswoman for Iamgold, said today in a phone interview from Toronto.
“We considered issuing debt, but the equity markets turned out to be a better alternative,” she said. “There was no requirement for gold-hedging with the equity sale.”