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Last C$2.53 CAD
Change Today -0.05 / -1.94%
Volume 12.3K
IMG On Other Exchanges
New York
As of 9:33 AM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

iamgold corp (IMG) Snapshot

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52 Week High
07/10/14 - C$4.55
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 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.

IAMGOLD Corp. In Talks To Acquire Stake In Sadiola

IAMGOLD Corp. (TSX:IMG) is in continued discussions to acquire stake in Societe D'exploitation Des Mines D'or De Sadiola S.A. from AngloGold Ashanti Ltd. (JSE:ANG). AngloGold and IAMGOLD each own 41% of the Sadiola mine in southwestern Mali and 40% of the nearby Yatela mine. The deal is likely to involve three considerations, including costs for Yatela and cash for the assets. The talks, however, are not bound by a timeline, according to AngloGold CEO Srinivasan Venkatakrishnan.

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.


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