Iamgold not ruling out acquisitions, will stick to gold

Gold miner Iamgold is looking to spend its growing cash reserves on brownfields expansions and developments around its existing mines, but that does not mean the company is not in the market for acquisitions, CEO Steve Letwin said on Thursday....

06/05/2011 (On-The-Air)

Africa’s newest telecommunications satellite is safely in orbit; South Africa’s first space satellite doing following all the criticism and the broadband bonanza that South Africa is experiencing at the moment.

Iamgold Q1 profit up 12%

Toronto-based Iamgold increased its first quarter net earnings by 12% year-on-year, helped by higher gold prices and increased sales of gold and niobium, offset by higher costs. Profit for the quarter increased to $58,8-million, compared with...

Iamgold’s Essakane project on track for August start-up

Canadian miner Iamgold has affirmed that production from its Essakane gold project, in Burkina Faso, is on schedule to start in August.

Iamgold senior vice-president of African operations Brian Chandler said at the Mining Indaba 2010...

Iamgold posts Q4 loss on impairment charge

Toronto-based Iamgold on Wednesday posted a net loss of $47,4-million for the fourth quarter of 2009, after recording a $88,8-million noncash impairment charge related to its Camp Caiman project, in French Guiana. The company had warned in...

Iamgold's Essakane project on track for August start-up

Canadian miner Iamgold affirmed on Wednesday that production from its Essakane gold project in Burkina Faso was on schedule to start in August. Iamgold senior vice-president of African operations Brian Chandler said at a conference in Cape Town...

Iamgold could produce as much as 1Moz in 2010

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

Iamgold chief Conway to exit on a high note

The announcement by Canada's Iamgold that CEO Joseph Conway will leave the company on January 15 has caught some pundits off guard, but market watchers agree that Conway will finish his time at the company in a strong position. “It's all fairly...

Iamgold scraps EPCM contractor at Essakane

Toronto-based gold-miner Iamgold will oversee the engineering and construction of the new Essakane mine, in Burkina Faso, itself, after removing the engineering, procurement and construction management (EPCM) contractor for the project. Iamgold...

Iamgold looking for acquisitions in West Africa, S America

Toronto-based Iamgold is on the prowl for acquisition opportunities in West Africa and the Guyana basin, president and CEO Joseph Conway said on Friday. Flagging output levels, surging metal prices and low valuations for junior companies are...

Iamgold sees longer life at Botswana mine after switch to owner mining

Canadian gold-miner Iamgold now expects to continue mining its Mupane operation, in Botswana, until the second quarter of 2012, after declining costs meant that the company could increase mineral reserves at the mine by a net 64 000 oz. Iamgold...

Backfill system could double reserves at niobium mine – Iamgold

Canadian gold-miner Iamgold believes that it could double the reserves at its Niobec niobium mine, in Quebec, Canada, by introducing a paste backfill system at the operation, the company said on Monday. A study on the proposal had indicated that...