Iamgold leads rising miners as Bloomberg says Chinese firm weighs bid

|About: IAMGOLD Corporation (IAG)|By:, SA News Editor

China National Gold Group, the country's second biggest gold miner, is studying a bid for a stake in Iamgold (IAG +8%), Bloomberg reports.

IAG is exploring a possible sale of all or part of the company and is working with financial advisers on the potential offer, according to the report.

The company denied similar speculation last month over a potential sale.

Gold mining shares trade broadly higher today after Iran shot down a U.S. military drone.

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