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BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.62 −3.0% GEN 0.070 +0.0% MAI 4.40 −1.8% RYR 0.175 +0.0% SCD 0.170 +1.5% SRC 1.75 −2.8% FOXT 0.155 +0.0% TG 0.180 −2.7% NOBL 0.100 −4.8% MGG 0.290 −3.3% HMR 0.540 +0.0% NRC 0.960 −4.0% SIG 0.925 +0.5% LMR 0.120 +60.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.62 −3.0% GEN 0.070 +0.0% MAI 4.40 −1.8% RYR 0.175 +0.0% SCD 0.170 +1.5% SRC 1.75 −2.8% FOXT 0.155 +0.0% TG 0.180 −2.7% NOBL 0.100 −4.8% MGG 0.290 −3.3% HMR 0.540 +0.0% NRC 0.960 −4.0% SIG 0.925 +0.5% LMR 0.120 +60.0%
M&A / Property

TomaGold receives $1-million payment from Iamgold

By The Northwire Desk — AI Analysis Dec 19, 2025 · 19:08 LOT · 0.045 TomaGold Corporation
LOT · Price

Executive Summary

  • TomaGold Corp. has received a $1,000,000 final cash payment from Iamgold Corp. related to the previous sale of its Hazeur, Monster Lake East, and Monster Lake West properties to Northern Superior Resources Inc.
  • The payment is part of the consideration for the disposition of these wholly owned properties, with Iamgold having recently acquired Northern Superior.
  • TomaGold retains a 2.0% net smelter return (NSR) royalty on the sold properties, with Iamgold holding the option to repurchase 1.0% of this royalty for $1 million.

Key Details

  • Payment Amount: $1,000,000 cash received by TomaGold.
  • Payer: Iamgold Corp.
  • Context: Further to news releases dated June 16, July 11, July 18, and Oct. 22, 2025, regarding the disposition of TomaGold's wholly owned Hazeur, Monster Lake East, and Monster Lake West properties to Northern Superior Resources Inc.
  • Royalty Terms: TomaGold retains a 2.0% net smelter return (NSR) royalty on all mineral production from the properties.
  • Repurchase Option: Iamgold has the right to repurchase one-half (1.0%) of the NSR royalty at any time for a one-time cash payment of $1 million.
  • Use of Funds: CEO David Grondin stated the non-dilutive funds will enable the company to further advance and scale exploration activities across its Chibougamau projects in 2026.

Notable Quotes

  • "We are pleased to receive these additional non-dilutive funds, which will enable us to further advance and scale our exploration activities across our Chibougamau projects in 2026." — David Grondin, President and CEO of TomaGold
Read the original news release →

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