Key Developments: IAMGOLD Corp (IAG.N)

IAG.N on New York Stock Exchange

2.41USD
24 Dec 2014
Price Change (% chg)

$0.06 (+2.55%)
Prev Close
$2.35
Open
$2.32
Day's High
$2.46
Day's Low
$2.32
Volume
989,078
Avg. Vol
2,196,304
52-wk High
$4.37
52-wk Low
$1.42

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Latest Key Developments (Source: Significant Developments)

Vanstar Mining Resources Inc grants an option on the Nelligan Project to IAMGOLD
Monday, 17 Nov 2014 08:30am EST 

Vanstar Mining Resources Inc:Announced the execution of an option and joint venture agreement with IAMGOLD Corp for the Nelligan gold project.Says under the terms of the agreement, Vanstar has granted IAMGOLD an option to earn up to an 80 pct interest in the Project, which is comprised of 92 mining claims and located 45 km south of the village of Chapais in the Province of Quebec.Says IAMGOLD is currently finalizing program planning and design for an initial exploration drilling program to be initiated before year end.  Full Article

IAMGOLD Corp narrows FY 2014 production outlook
Wednesday, 12 Nov 2014 05:07pm EST 

IAMGOLD Corp:Says to meet FY 2014 gold production, with production range narrowed to 835,000 to 850,000 ounces from 835,000 to 900,000 ounces.  Full Article

IAMGOLD to sell Niobec for a total consideration of $530 million
Friday, 3 Oct 2014 06:10am EDT 

IAMGOLD Corporation:Announces that it has reached an agreement to sell its Niobec mine, to a group of companies led by Magris Resources Inc. for cash proceeds of $500 million after tax upon closing.Says the total consideration of $530 million for the transaction is comprised of a cash payment of $500 million payable on closing, as well as an additional $30 million when the adjacent REE deposit goes into commercial production.  Full Article

Calibre Mining and IAMGOLD sign option agreement on the eastern borosi project, nicaragua
Tuesday, 27 May 2014 09:00am EDT 

Calibre Mining Corp and IAMGOLD Corp:Signs option agreement whereby IAMGOLD can earn a 51pct interest and subsequently an additional 19pct for a total of 70pct interest in Eastern Borosi Project, consisting of 176 km2 within the Borosi Concessions, Northeast Nicaragua.  Full Article

IAMGOLD Corp reaffirms FY 2014 production outlook-Conference Call
Wednesday, 7 May 2014 08:30am EDT 

IAMGOLD Corp:Says production guidance for FY 2014 is maintained at 835,000 ounces to 900,000.  Full Article

IAMGOLD Corp signs first option agreement to explore properties surrounding Rosebel Mine in Suriname
Thursday, 6 Mar 2014 07:00pm EST 

IAMGOLD Corp:Finalized five-year option agreement with Sarafina N.V. under which IAMGOLD's subsidiary, Rosebel Gold Mine (RGM) may earn a 100 ptc. interest in Sarafina's 10,000 hectare mining concession, located 25 kilometres from the Rosebel Gold Mine in Suriname.May exercise its right to purchase the property at any time for a cash purchase price of $1 million.To maintain this purchase option, RGM is required to make scheduled option payments totaling $575,000 over five years.IAMGOLD may elect to terminate the agreement at any time.Should the project proceed to production, Sarafina N.V. shall be paid a NSR royalty of 1.6 pct. for any gold produced from this property.  Full Article

IAMGOLD Corp reaffirms FY 2014 production outlook
Wednesday, 19 Feb 2014 05:05pm EST 

IAMGOLD Corp:Expects FY 2014 total attributable production in the range of 835,000 - 900, 000 ounces.  Full Article

IAMGOLD Corp issues FY 2014 production guidance
Tuesday, 21 Jan 2014 06:06pm EST 

IAMGOLD Corp:Sees fiscal 2014 attributable gold production to range between 835,000 and 900,000 ounces.  Full Article

IAMGOLD Corp suspends dividend
Wednesday, 11 Dec 2013 05:01pm EST 

IAMGOLD Corp:Says it has suspended future dividend payments until further notice.  Full Article

TomaGold Corp And IAMGOLD Corporation Sign Agreement On Monster Lake, Winchester And Lac a l'eau jaune Gold Projects
Tuesday, 12 Nov 2013 06:30am EST 

TomaGold Corp and IAMGOLD Corporation announced that they have finalized an option agreement in which IAMGOLD may earn a 50% interest in each of the Monster Lake, Winchester and Lac à l'eau jaune properties (the Properties) for a total of $17.575 million, including $16 million in exploration work and $1.575 million in payments over five years. IAMGOLD will act as the project operator with the support of TomaGold personnel during the acquisition period of 50% interest. Once IAMGOLD has acquired 50% interest in the Properties, the interests of TomaGold and Quinto Real Capital Corporation (Quinto) will be diluted proportionately such that TomaGold and Quinto hold interests of 45% and 5%, respectively, in the Monster Lake property.  Full Article

UPDATE 1-Gold miner Iamgold to shrink executive ranks by nearly half

Nov 10 - Iamgold Corp said on Monday it is shrinking its executive team by 40 percent and taking other cost-cutting steps as the mid-sized gold miner and its peers reel from a 40 percent slump in the price of bullion over the past three years.

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