Summit Royalty Corp., Wednesday announced the acquisition of cash flowing royalties and stream from IAMGOLD Corp. (IAG) and its affiliates for $17.5 million, comprising of cash consideration of $10 million and shares of the company valued at $7.5 million.
The agreement deals with seven royalties and one stream from IAMGOLD, which is expected to make Summit a preeminent cash flowing junior royalty and streaming company focused on precious metals.
In the pre-market hours, IAG is trading at $7.50, down 0.51 percent on the New York Stock Exchange.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.