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IAMGOLD Corp (IAG.N)

IAG.N on New York Stock Exchange

4.45USD
20 Jan 2017
Change (% chg)

$0.03 (+0.68%)
Prev Close
$4.42
Open
$4.42
Day's High
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Day's Low
$4.39
Volume
1,470,900
Avg. Vol
2,570,696
52-wk High
$5.86
52-wk Low
$1.15

Latest Key Developments (Source: Significant Developments)

IAMGOLD says planned production to increase in 2017
Monday, 16 Jan 2017 08:12pm EST 

IAMGOLD Corp : IAMGOLD exceeds production target and expects to achieve cost guidance for 2016; planned production to increase in 2017 with lower all-in sustaining costs . 2017 attributable gold production expected to be between 845,000 and 885,000 ounces . Sees 2017 total cash costs expected to be between $740 and $780 per ounce . Sees 2017 capital expenditures guidance of $250 million ±5% . 2017 total cash costs expected to be between $740 and $780 per ounce . 2017 all-in sustaining costs expected to be between $1,000 and $1,080 per ounce . Attributable gold production for q4 2016 was 215,000 ounces . Says in 2017, increased our budget for exploration projects to $47 million to reflect exploration programs at our saramacca project . 2017 capital expenditures guidance of $250 million ±5% . Says achieved attributable gold production of 813,000 ounces in 2016; above guidance of 770,000 to 800,000 ounces . Says 2016 total cash costs expected to be within guidance of $740 to $770 per ounce. .Says 2016 all-in sustaining costs expected to be within guidance of $1,050 to $1,100 per ounce..  Full Article

IAMGOLD signs agreement to acquire 100 pct of Merrex Gold
Thursday, 22 Dec 2016 09:13am EST 

IAMGOLD Corp : Transaction will proceed by way of a court-approved plan of arrangement under business corporations act . IAMGOLD Corp says expects to issue 6.9 million shares, amounting to less than 1.5% of its issued and outstanding shares, in connection with transaction .IAMGOLD signs agreement to acquire 100% of Merrex Gold.  Full Article

Iamgold announces early tender results of cash tender offer
Monday, 22 Aug 2016 07:00am EDT 

Iamgold Corp :Iamgold announces early tender results of cash tender offer for up to $150 million of its 6.75 pct senior notes due 2020.  Full Article

Iamgold announces $200 million bought deal financing
Monday, 8 Aug 2016 06:52pm EDT 

Iamgold Corp : Iamgold announces $200 million bought deal financing . Plans to use net proceeds of offering to cut indebtedness, and to fund future growth . Underwriters agreed to purchase 38.9 million common shares of company at a price of $5.15 per common share .To use net proceeds of offering to strengthen its balance sheet, by reducing indebtedness, and to fund future growth.  Full Article

IAMGOLD fatality results from bus accident in Burkina Faso
Thursday, 4 Aug 2016 05:09pm EDT 

Iamgold Corp : Fatality resulting from bus accident in Burkina Faso . Says in addition to fatality, seven injured IAMGOLD employees were taken to Ouagadougou for medical treatment . Two employees have been released, and other five remain in stable condition in hospital . IAMGOLD Corp says accident involved two iamgold buses operated by transcordec, which were transporting employees from essakane mine to ouagadougou . IAMGOLD Corp says an investigation into accident has been initiated by company . Death of a contractor's employee in a bus accident between Dori and Kaya .Accident involved two IAMGOLD buses operated by transcordec, which were transporting employees from essakane mine to Ouagadougou.  Full Article

Iamgold's net operating cash flow increases 125%
Wednesday, 3 Aug 2016 05:10pm EDT 

Iamgold Corp : Iamgold's net operating cash flow increases 125% . Q2 loss per share $0.03 from continuing operations . Q2 revenue rose 3 percent to $232.5 million . Remain confident in guidance for year . Qtrly attributable gold production of 197,000 ounces; gold sales of 187,000 ounces . Says maintaining 2016 production guidance of 770,000 to 800,000 attributable ounces . Iamgold corp says q2 gold margins increase 36% to $513/oz from q2/15 . Expect positive consolidated free cash flow for second half of year if gold remains above $1,300 an ounce . Qtrly gold all-in sustaining costs of $1,114/oz sold ."intends to move ahead with sadiola sulphide project by end of year".  Full Article

Orefinders Resources signs milling contract with IAMGOLD to process stockpiles from Mirado mine
Thursday, 14 Jul 2016 09:32pm EDT 

Orefinders Resources Inc :Orefinders signs milling contract with IAMGOLD to process stockpiles from Mirado mine.  Full Article

Orefinders Resources signs milling contract with IAMGOLD to process stockpiles from Mirado mine
Thursday, 14 Jul 2016 05:54pm EDT 

Orefinders Resources Inc :Orefinders signs milling contract with IAMGOLD to process stockpiles from Mirado mine.  Full Article

EURO Ressources says IAMGOLD stake at 89.71 pct
Thursday, 17 Dec 2015 02:10pm EST 

Euro Ressources SA:Announces the completion of the simplified public tender offer by IAMGOLD Corp.IAMGOLD Corporation holds, directly and indirectly, a total of 56,058,191 common shares of the Company.Stake represents 89.71 pct of the issued and outstanding common shares of the company.  Full Article

IAMGOLD Corp reports end of strike at its Rosebel Gold Mine in Suriname - Reuters
Monday, 14 Dec 2015 05:26pm EST 

IAMGOLD Corp:Reports end of strike at its rosebel gold mine in suriname.Employees at the company's rosebel gold mine in suriname ended their strike at the end of last week.Says rosebel gold mine lost approximately 9,000 of attributable gold production and $9.4 million of revenue due to the strike.Says rosebel is expected to produce in excess of 280,000 attributable ounces in 2015.Rosebel can now move ahead to complete the process laying off 160 or approximately 10% of its employees.Rosebel mine has resumed production.Says IAMGOLD meeting its expected production guidance of between 780,000 and 815,000 attributable ounces of gold for 2015.  Full Article

BRIEF-IAMGOLD says planned production to increase in 2017

* IAMGOLD exceeds production target and expects to achieve cost guidance for 2016; planned production to increase in 2017 with lower all-in sustaining costs