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’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...

Iamgold increases dividend, warns on Q2 output and costs

Canada's Iamgold has announced a 150% increase in its annual dividend payment, to $0.20 a share, but cautioned that second quarter gold production and cash costs would miss expectations. The company's next semi-annual dividend payment, of C$0.10...

Iamgold profit jumps 170% on higher output, prices

Toronto-based Iamgold increased first-quarter net income by 170% compared with a year earlier, boosted by higher gold prices and output levels, the firm said on Wednesday. Iamgold earned $162,3-million in the first three months of the year, up...

Iamgold expects $400m gain on Ghana sale

Toronto-based Iamgold expects to record an after-tax gain of about $400-million on the sale of minority interests in two mines in Ghana, the firm said on Thursday. Iamgold agreed to sell its 18,9% interest in the Tarkwa and Damang mines to the...

Iamgold sees 'strategic ally' in China Gold

Toronto-based Iamgold has signed a cooperation agreement with Chinese State-owned China National Gold Group, with the view of potentially teaming up to fund big new projects, expansions or acquisitions, CEO Steve Letwin said on Tuesday. “If...

Iamgold could IPO Niobec, considers options for minority mine stakes

Toronto-based Iamgold continues to look for ways to get better market recognition for its niobium mine in Quebec, and may also sell its minority interests in two mines in Ghana, CEO Steve Letwin said on Friday. The company believes the market is...

Iamgold boosts gold reserves 13%

Toronto-based Iamgold increased its gold reserves by 13% in 2010, while mineral reserves of niobium rose 34%, the firm said on Thursday. The company's total attributable proven and probable gold reserves rose 1,9-million ounces, net of depletion,...

Iamgold Q3 profit slips, tackles mill issues at Essakane

Toronto-based based Iamgold earned less in the third quarter compared with a year earlier, after higher gold prices were more than offset by fewer ounces sold, higher mining costs and higher taxes, the company reported on Friday. Net income...

Iamgold brings Essakane start-up forward again

Toronto-based Iamgold is ahead of schedule again on its $443-million Essakane gold mine, in Burkina Faso, and will start processing ore through the mill as soon as next month, the firm announced on Monday. The June start-up will be between four...

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...