Iamgold reports cost increases

Toronto-based Iamgold earned $37,5-million in the second quarter, a decline of 19% compared with a year earlier, after increased gold prices were offset by lower production and much higher costs in the quarter. Excluding some items, adjusted net...

Iamgold posts best-ever quarterly profit

Toronto-based Iamgold more than tripled its third-quarter net income year-on-year, helped by lower costs and strong bullion prices, the firm reported on Wednesday. Iamgold, which has mines in Africa, South America and Canada, earned $64,9-million...

Iamgold boosts full-year output guidance again

Canada's Iamgold has increased its gold production forecast for 2009, mainly thanks to improved productivity at its Rosebel mine, in Suriname, and the extended life of the Doyon mine, which continued to produce into the fourth quarter, the company...

Iamgold boosts resource estimate at Westwood project

Canadian gold miner Iamgold has increased the resource base at its Westwood project, in Quebec, the firm said on Monday. Westwood is located two kilometres from Iamgold's Doyon mine and mill, where it plans to send the ore for processing.

Iamgold hikes output forecast after 'excellent start' to '09

Canadian gold miner Iamgold has increased its guidance for gold production in 2009 to between 910 000 oz and 920 000 oz, compared with a January forecast of 880 000 oz. The company said the improved outlook was mainly thanks to productivity...

Iamgold produced 997 000 oz in '08

Canadian gold-miner Iamgold increased gold production from its mines by 3% last year, to 997 000 oz, but expects output to slide to 880 000 oz in 2009, as it closes two operations and mines lower-grade ore at some others.

Iamgold reports $18,8m Q3 profit

Toronto-based gold-miner Iamgold on Thursday reported third-quarter net earnings of $18,8-million, compared with net earnings of $19,5-million a year earlier. However, excluding an impairment charge related to capitalised exploration...

Iamgold continues cost-cutting crusade with bid for Euro Ressources

Toronto-based Iamgold will offer to pay €1,20 a share in cash for France-based Euro Ressources, which has a royalty on its Rosebel mine, the gold miner announced on Friday. Based on current gold prices, the acquisition is expected to lower cash...

Iamgold buys Doyon royalty from Barrick

Canadian gold-miner Iamgold has bought the participation royalty on its Doyon/Westwood property, in Quebec, from Barrick Gold for $13-million in cash, the company announced on Wednesday. The transaction eliminates the royalty obligation on the...

Iamgold may start up Westwood mine earlier than planned

Canadian gold-miner Iamgold could start producing gold, silver, copper and zinc from its Westwood project, in Quebec, Canada, as early as 2010, the company said on Thursday. A scoping study had indicated that a near-surface portion of the...

Doyon Division, Canada

Name: Doyon division. Location: Doyon division is located approximately 40 km east of Rouyn-Noranda, Quebec, Canada. Brief history: The Doyon mine has been a solid gold producer for the past 25 years. Commercial openpit mining began in 1980....