Canada’s Iamgold produced 939 000 oz of gold in 2009, in line with its guidance for the year, and expects output in 2010 to be between 940 000 oz 
and one-million ounces, as the company ramps up a new gold mine in Burkina Faso.

Iamgold had initially said it would produce 880 000 oz in 2009, but raised its estimate to 
between 940 000 oz and 
950 000 oz by November, citing operational improvements at the company’s biggest producing mine, the Rosebel operation in Suriname.

“Our flagship operation, the Rosebel gold mine, drove our outperformance with record total gold production of over 
400 000 oz,” interim CEO Peter Jones says in a statement.

Jones stepped in as CEO on January 15, following the surprise resignation of long-time chief Joe Conway.

He will remain in the position until the company appoints a permanent CEO.

Iamgold has mines in Suriname, Canada, Botswana, Mali and Ghana, and is scheduled to start up a new operation, Essakane, in Burkina 
Faso, in August. 
It also has development pro-jects in Canada, Ecuador and French Guiana.

However, Iamgold says it plans to record a noncash impairment charge of between $85-million and $100-million in its fourth-quarter results, mainly related to the Camp Caiman project, in French Guiana.

The firm says it still expects that cash costs for 2009 will fall within its latest guidance range of $60/oz to $470/oz, and has forecast costs of $490/oz to 
$510/oz in 2010.

Besides output from the new Essakane mine, production levels 
in 2010 will also be helped by Iamgold’s increased ownership, from 38% to 41%, in the 
Sadiola mine, in Mali, and higher 
production at the Tarkwa 
operation, in Ghana, which it owns with South Africa’a Gold Fields.

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