Paulson holds to gold ETFs in Q1, profits as prices rise

Prominent hedge fund manager John Paulson held on to his exchange-traded fund (ETF) bullion holdings in the first quarter of this year, profiting from an early surge in gold prices before the market tanked, a regulatory filing by his company...

Gold majors could hit ‘slam dunk’ with junior M&As

With the gold price remaining resiliently high, mid-tier and major producers pumping cash, and junior equities more depressed by the day, analysts say Iamgold’s purchase of Trelawney mining last week could be a sign of things to come....

West African mining sector seeks international partnerships to grow industry

Gold-rich Ghana’s capital city, Accra, will host the tenth West African Mining and Power Exhibition (Wampex), which, this year will continue to focus on international partnerships needed for the development of infrastructure to exploit the...

Damang mine, Ghana

Damang mine is located in south-western Ghana.

Iamgold says 2011 output fell 7%

Iamgold, which produces bullion in West Africa, South America and Quebec, said on Monday output in the last three months of 2011 fell about 25% compared with the same period the year before, to 253 000 oz, after it sold its minority stakes in two...

Iamgold ups dividend again

Midtier miner Iamgold on Friday said it lifted its annual dividend by 25% to $0.25 a share from the level announced in June – its third increase in 12 months. Gold producers have been increasingly generous in doling out profits to shareholders...

Quimsacocha mine, Ecuador

A gold mine located in the Azuay province.

Iamgold takes minority positions in two Colombia-focused juniors

TSX-listed Iamgold has taken a liking to Columbia, spending $13-million on minority stakes in two juniors with exploration properties in the South American country, Bellhaven Copper & Gold and Colombia Crest Gold. The news sent the shares of both...

Iamgold lifts Q3 production from continuing ops

Toronto’s Iamgold increased third-quarter production by 14% year-on-year to 222 000 oz, mainly thanks to improvements at its Rosebel mine in Suriname and the Essakane mine in Burkina Faso, the company said late on Tuesday. Niobium production...

Iamgold sells Botswana gold mine for $34m to junior

Toronto’s Iamgold has sold its Mupane Gold Mine in Botswana to TSX V-quoted junior Galane Gold for $34-million in cash and shares, the company announced on Wednesday. The mine was nearing the end of its life under Iamgold’s plan, and the...

Iamgold goes bargain hunting

Toronto-based Iamgold, cashed up from its recent sale of stakes in two African mines for C$667-million, is actively on the hunt for acquisitions, but isn’t falling over itself to get one done, it said on Thursday. Discussing the companies...

Iamgold’s Suriname mine back in production after labour dispute

Toronto-based Iamgold on Wednesday said operations at its Rosebel mine in Surianame had restarted after a labour disagreement led to a one-and-a-half day stoppage. The company said Rosebel is still on target to meet its 360 000 oz to 380 000 oz...