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Last €1.36 EUR
Change Today +0.057 / 4.37%
Volume 37.7K
IAL On Other Exchanges
As of 3:54 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

iamgold corp (IAL) Snapshot

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09/1/14 - €3.14
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iamgold corp (IAL) Details

IAMGOLD Corporation primarily engages in the exploration, development, and operation of gold mining properties. It also explores for silver and copper deposits. The company holds interests in four operating gold mines, as well as exploration and development projects located in Africa, South America, and Canada. IAMGOLD Corporation was incorporated in 1990 and is headquartered in Toronto, Canada.

Founded in 1990

iamgold corp (IAL) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$881.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$453.9K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: C$538.6K
Senior Vice President of Business Development...
Total Annual Compensation: C$352.6K
Senior Vice President of Exploration
Total Annual Compensation: C$336.4K
Compensation as of Fiscal Year 2014.

iamgold corp (IAL) Key Developments

IAMGOLD Corporation Provides an Update from Ongoing Exploration at the Pitangui Gold Project in Brazil

IAMGOLD Corporation provided an update from ongoing exploration at the Pitangui gold project in Brazil. Assay results have been received for a further 24 diamond drill holes totaling 9,802 metres from a total of 61 drill holes totaling 22,406 metres completed on the São Sebastião deposit as part of an ongoing delineation drilling program initiated in 2014. The drilling results are provided in Table 1 below, and include the following highlights: Drillhole FJG-084: 11.93 metres grading 5.59 g/t gold Including: 2.24 metres grading 14.80 g/t gold; Drillhole FJG-086: 7.65 metres grading 5.25 g/t gold 11.98 metres grading 6.84 g/t gold Including: 3.45 metres grading 17.02 g/t gold; Drillhole FJG-088: 7.38 metres grading 8.12 g/t gold; Drillhole FJG-105: 7.61 metres grading 9.78 g/t gold Including: 4.35 metres grading 16.56 g/t gold. The Pitangui project, located approximately 110 kilometres northwest of the city of Belo Horizonte in Minas Gerais State, Brazil, comprises approximately 180 square kilometres of exploration licenses and license applications covering the Archean aged Pitangui greenstone belt. Current mineral resources for the São Sebastião deposit comprise an estimated inferred resource of 4.07 million tonnes grading 4.88 grams of gold per tonne for 0.64 million contained ounces. Gold mineralization is hosted by a series of parallel and complexly folded horizons of banded iron formation ('BIF') separated by mafic volcanic and minor sedimentary units within the lower greenstone belt stratigraphy. Within the iron formations, gold mineralization is associated with sulphide replacement of primary magnetite bands, characterized by the presence of pyrrhotite and lesser amounts of arsenopyrite, pyrite, and chalcopyrite. Drilling to date has identified two main mineralized horizons, referred to as "Biquinho" and "Pimentoa", that occur approximately 100 metres apart vertically. Several active mining operations in the Brazilian Iron Quadrangle exploit gold deposits of a comparable age, host rock type and mineralization style. Examples include AngloGold Ashanti's Cuiabá and Lamego deposits. The planned infill delineation drilling program is now largely completed pending a final permit to allow drill pad access in an area covering a potential up plunge extension over a 200m gap located to the southeast of the main area of infill drilling. Remaining assay results will be reported once they are received and validated. These results will be incorporated in an updated resource model due for completion by year end. Ongoing exploration will now focus on the follow up of conductive targets identified from a 660 line kilometre heli-borne VTEM (Versatile Time Domain Electro-Magnetic) survey completed in late 2014. The targets are similar to the conductive anomaly associated with the São Sebastião deposit and will be prioritized for evaluation in future drilling programs.

IAMGOLD Corp. Revises Production Guidance for 2015

IAMGOLD Corp. revised production guidance for 2015. For the period, the company's second quarter of 2015 production is expected to be slightly below the production of 208,000 ounces in first quarter of 2015 and this has led to a downward revision of the company's production guidance to a range of 780,000 to 815,000 ounces for 2015. Although the cost impact is still being assessed, the lower production guidance is expected to adversely impact Westwood's production costs. The company's attributable annual production guidance is a net reduction of 40,000 ounces or 4.9% to the bottom end of the range and 45,000 ounces or 5.2% to the top end of the guidance range. The revised guidance for attributable gold production for 2015, is now a range of 780,000 to 815,000 ounces.

IAMGOLD Corporation Provides Update from its Ongoing Exploration Program at its Optioned Monster Lake Project

IAMGOLD Corporation provided an update from its ongoing exploration program at its optioned Monster Lake project located 50 kilometres southwest of Chibougamau, Quebec, Canada. The company is reporting assay results from the 2015 winter diamond drilling program completed in April and totaling 7,782 metres from 21 diamond drill holes. The assay results from all of the 2015 winter drill holes completed are provided in Table 1 below and include the following highlights: 325 - Megane Zone and Monster Lake Shear Zone: Drillhole ML15-134: 1.46 metres grading 18.80 g/t gold; Drillhole ML15-135: 1.39 metres grading 7.25 g/t gold; Drillhole ML15-147: 3.41 metres grading 4.51 g/t gold and 10.72 metres grading 3.64 g/t gold; Includes: 2.08 metres grading 9.04 g/t gold; Drillhole ML15-152: 2.09 metres grading 4.13 g/t gold and 5.72 metres grading 4.21 g/t gold. The 2015 winter drilling program was designed to evaluate priority targets identified from a target generation exercise completed over the entire property and take advantage of winter access conditions. Target areas evaluated included: the west limb of the prominent folded unit along which new gold showings were identified in 2014; the south-west and north-east strike extensions of the 325-Megane Zone and the structural corridor referred to as the Monster Lake Shear Zone (MLSZ); as well as the Zone 52 and Eratix prospect areas. A few of the holes were drilled to better delineate the 325-Megane Zone. Concurrent with the 2015 winter drilling program, a Versatile Time Domain Electromagnetic airborne survey (VTEM) was also flown over the Lac a L'Eau Jaune and Winchester claim blocks. The survey has identified several strong conductors coincident with the well-known, prominent magnetic anomalies similar to that observed along the MLSZ. These targets will be evaluated in the ongoing exploration program.


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