UPDATE 1-IAMGOLD sees gold output at up to 1 mln oz in 2010
* Growth seen pushed mainly by new Africa projects
* To undertake joint ventures with other miners
(Adds details)
CAPE TOWN, Feb 3 (Reuters) - Canadian mid-tier gold miner IAMGOLD Corp (IMG.TO) plans to lift its gold production to about 1.0 million ounces in 2010 from 939,000 ounces last year after starting operations at a new mine in Burkina Faso, it said on Wednesday.
"For 2009, we were at 939,000 ounces and going forward for 2010, our target is 942,000 ounces to a million ounces," IAMGOLD's Managing Director for Africa Brian Chandler told Reuters in Cape Town on the sidelines of a mining conference.
Chandler said the Essakane gold mine in Burkina Faso was due to start producing gold anytime in 2010 and the mine would help lift IAMGOLD's output and that several other projects in Mali were currently in the pipeline.
Chandler told a mining conference that IMAGOLD was undertaking joint venture projects with AngloGold Ashanti (ANGJ.J) and Goldfields (GFIJ.J) in Mali and Ghana in a bid to grow its African mine protfolio.
Chandler said a succesful feasibility study would lead to construction in the fourth quarter of 2010 at the Sadiola Deeps project in Mali with a new plant expected to start operating in mid-2010.
The company was also expanding a mill at its Niobec mine in Canada and that project was anticipated to raise the mine's output by 25 percent in the third quarter of this year, he said.
"We have a solid growth pipeline ... we see growth in Africa very positive for IAMGOLD," Chandler said. (Reporting by Shapi Shacinda; Editing by James Macharia)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints


Follow Reuters