IAMGold Corp. announces that it entered into a subscription agreement with INV Metals Inc., pursuant to which IAMGOLD indirectly, through a wholly-owned subsidiary, acquired 4,848,287 common shares of INV , from treasury, at a price of C$0.45 per INV Share, for gross proceeds totaling C$2,181,729. The Subscription was entered into in connection with INV's non-brokered private placement of INV Shares announced January 26 [...]
IAMGold Corp. is pleased to announce assay results from its delineation diamond drilling program at the Gosselin Zone discovery, located approximately 1.5 kilometres northeast of the Côté Gold Project . The Gosselin delineation drilling program is being undertaken as part of the Côté Gold Joint Venture Project, a 70:30 joint venture between IAMGOLD and Sumitomo Metal Mining Co., Ltd. . Côté, located 125 km southwest of [...]
IAMGold Corp. announces preliminary operating results for the fourth quarter and year-end 2020, as well as guidance for 2021. Gordon Stothart, President and CEO of IAMGOLD, commented, "We achieved our target production and cost guidance in 2020 in the face of many and varied challenges throughout the year. Essakane had its strongest quarter at the end of the year, Rosebel production was up quarter-over-quarter and [...]
IAMGold Corp. announces that the Company has adopted new governance guidelines with respect to board renewal to reflect evolving governance best practices. The guidelines provide that: the average Board tenure should not exceed ten years, no director should chair a standing committee of the Board for more than ten years and no director should be the Board Chair for more than ten years. The new guidelines are being [...]
All amounts are in US dollars, unless otherwise indicated. IAMGold Corp. announces that the Company, together with joint venture partner, AngloGold Ashanti Ltd. , have completed the previously announced sale of our collective interests in Société d'Exploitation des Mines d'Or de Sadiola S.A. to Allied Gold Corp . SEMOS' principal asset is the Sadiola Gold Mine, located in the Kayes region of Western Mali. Prior to the [...]
IAMGold Corp. is pleased to announce the appointment of Anne Marie Toutant and Deborah Starkman as independent non-executive Directors to the Company's Board of Directors, effective immediately. Anne Marie Toutant is a well-respected mining executive with over 30 years of experience in the Canadian extractive industries. She is recently retired from Suncor Energy, where she held increasingly senior executive and [...]
IAMGold Corp. announces remaining assay results from its 2020 exploration diamond drilling program at its Nelligan joint venture project : 25%), located 60 kilometres southwest of Chibougamau, Quebec, Canada. The Company is reporting assay results from the final seven diamond drill holes totaling 2,602 metres completed as part of the summer 2020 drilling program. One hole was abandoned due to excessive deviation, while a [...]
IAMGold Corp. announces that it is temporarily reducing the underground workforce at its Westwood mine in Canada. Westwood underground remains suspended following the seismic event reported earlier this month. The temporary reduction affects approximately 437 workers, or approximately 70% of the underground workforce. As reported on November 2, 2020, the cause of the seismic event is under investigation while a business [...]
Delivers Mine Site Free Cash Flow of $80 million All monetary amounts are expressed in U.S. dollars, unless otherwise indicated. For more information, refer to the Management Discussion and Analysis and Unaudited Consolidated Interim Financial Statements for the nine months ended September 30, 2020. IAMGold Corp. reported its consolidated financial and operating results for the quarter ended September 30, 2020. "IAMGOLD [...]
IAMGold Corp. reports that a seismic event has occurred at its Westwood underground mine in Canada. The event occurred at approximately 2:30 pm Eastern time on Friday October 30th, 2020. All employees have been safely brought above ground. The appropriate government authorities have been contacted and the cause of the seismic event is being investigated. The Westwood mine and mill operations are currently suspended while [...]
All amounts are in US dollars, unless otherwise indicated IAMGold Corp. today announced that all of its outstanding 7.000% Senior Notes due 2025 have been redeemed. The redemption had been previously funded on September 29, 2020 with net proceeds from the Company's recent issue of $450 million aggregate principal amount of 5.750% Senior Notes due 2028 , and the indenture governing the 2025 Notes was satisfied and [...]
IAMGold Corp. will release its third quarter 2020 financial results after market hours on Wednesday, November 4th, 2020. CONFERENCE CALL A conference call will be held on Thursday, November 5th, 2020, at 8:30 a.m. for a discussion with management regarding the Company's operating performance and financial results for the third quarter 2020. A webcast of the conference call will be available through the Company's website [...]