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Last C$2.52 CAD
Change Today +0.01 / 0.40%
Volume 959.7K
IMG On Other Exchanges
As of 4:00 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

iamgold corp (IMG) Snapshot

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52 Week High
06/19/14 - C$4.57
52 Week Low
11/5/14 - C$1.62
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iamgold corp (IMG) 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 (IMG) 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 (IMG) Key Developments

IAMGOLD Corp. Announces Update on the Nelligan Project in Quebec

The management of Vanstar Mining Resources ànnounced an update of the exploration program currently being conducted by its partner IAMGOLD Corporation on the Nelligan Project, located in the Chibougamau-Chapais region in Northwestern Quebec, Canada. During the last two months, IAMGOLD has completed a winter drilling program and seven holes had been drilled for a total of 2, 519 meters. Selected core samples have been sawn and sent to the assay laboratory. Assay results will be reported once they are received and validated by the project operator IAMGOLD. A total of 1,124 samples have been sent for analysis. Most of the drill holes intersected the targeted structures of the Liam and Dan Zones and have also identified a new geological structure that needs further assessment. The results of the drilling program are expected over the coming weeks. Planned summer exploration program: Planning continues for a summer exploration program which will include completion of a ground geophysical survey with the objective to characterize the alteration and mineralized zones. A 4-line orientation survey will be conducted on the Liam showing involving a deep Induced Polarization survey. If the results are successful a similar survey will be considered to attempt to delineate potential extensions of the Liam showing to support future drilling on the property. Also prospecting and structural mapping works are planned to cover selected areas of the property along the major interpreted structures.

IAMGOLD Corporation Announces Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015

IAMGOLD Corporation announced unaudited consolidated earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of $244.7 million against $217.3 million a year ago. Earnings from continuing mining operations were $13.0 million against $32.1 million a year ago. Net earnings including discontinued operations attributable to equity holders of the company $24.1 million or $0.06 per share against $3.7 million or $0.01 per share a year ago. Adjusted net loss including discontinued operations attributable to equity holders of the company was $26.7 million or $0.07 per share against adjusted net earnings including discontinued operations attributable to equity holders of the company of $12.0 million or $0.03 per share a year ago. Net cash from operating activities was $30.0 million. The increase in revenues from continuing operations was the result of higher gold sales of 33,000 ounces at the company’s owner-operated mines ($41.3 million), partially offset by a lower average realized gold price ($12.0 million) and lower royalties following the sale of Diavik ($2.3 million). Net loss from continuing operations attributable to equity holders was $16.5 million or $0.04 per share, up $2.4 million from the same prior year period. The increase in the net loss was mainly related to higher cost of sales of ($46.5 million) and income taxes of ($12.7 million), higher non-hedge derivative losses of ($10.7 million) and higher finance costs of ($8.0 million), partially offset by the gain on the sale of the Diavik royalty of ($43.5 million) and higher revenues of ($27.4 million). For the quarter, the company reported gold commercial production - attributable was 208,000 ounces against 171,000 ounces a year ago. Gold production – attributable was 208,000 ounces against 172,000 ounces a year ago. Average realized gold price was $1,221 per ounces against $1,286 per ounces a year ago. Total cash costs - gold mines were $846 per ounces against $886 per ounces a year ago. The increase in gold production was mainly due to the commencement of commercial production at Westwood in the third quarter 2014 (21,000 ounces) and a 49% increase in grades at Essakane (21,000 ounces).

IAMGOLD In Discussions To Acquire Stake in Sadiola

IAMGOLD Corp. (TSX:IMG) continued discussions to acquire AngloGold Ashanti Ltd. (JSE:ANG)'s stake in Societe D'exploitation Des Mines D'or De Sadiola S.A in the first quarter 2015.


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