IGO (ASX:IGO) share price lifts on latest updates

The IGO Ltd (ASX: IGO) share price spent all day firmly in the green today. At the close of trade, shares in the mineral exploration company were swapping hands for $7.13, up 2.5%.

Today’s positive price movement comes amid news the company has successfully divested its minority stake in a gold mining project.

Let’s take a closer look at today’s news and what it means for the IGO share price.

IGO offloads Tropicana investment

In a statement to the ASX, IGO advised it has sold its 30% stake in the Tropicana Gold Mine to Regis Resources Limited (ASX: RRL). The sale was pending confirmation from Tropicana majority owner, AngloGold Ashanti (ASX: AGG). This approval was received yesterday.

The divestment of Tropicana marks “an…