Business
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…
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