Rumor IAM Gold may be pursuing Jaguar Mining on BeHearing IAMGOLD is Pursing an Acquisition of Jaguar Mining
The Rumor:
IAMGOLD (NYSE: IAG) is looking to acquire Jaguar Mining (NYSE: JAG), according to sources. Jaguar has been the subject of chatter involving China's Shandong Gold. It was rumored last week that Shandong had withdrawn an unconfirmed offer to acquire Jaguar.
Benzinga spoke Friday with a representative of IAMGOLD who said that Jaguar Mining was one of 50 companies they have evaluated over the past year, but she would not comment specifically if they were actively pursing the Brazilian miner.
Jaguar Mining closed at $3.54 Friday, a loss of 4.84% on twice the average daily volume.
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