Last $3.18 USD
Change Today -0.07 / -2.15%
Volume 10.5M
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iamgold corp (IAG) Snapshot

Open
$3.22
Previous Close
$3.25
Day High
$3.25
Day Low
$3.12
52 Week High
10/28/13 - $5.59
52 Week Low
05/29/14 - $3.00
Market Cap
1.2B
Average Volume 10 Days
6.8M
EPS TTM
--
Shares Outstanding
376.9M
EX-Date
12/11/13
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for IAMGOLD CORP (IAG)

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iamgold corp (IAG) Details

IAMGOLD Corporation explores, develops, and operates gold mining properties. The company also explores for silver, niobium, and copper deposits. It holds interests in six gold mines, and three niobium mine, as well as exploration and development projects located in Africa, South America, and Canada. The company was incorporated in 1990 and is headquartered in Toronto, Canada.

iamgold corp (IAG) 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$454.5K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: C$539.4K
Senior Vice President of Project Development
Total Annual Compensation: C$430.6K
Senior Vice President of Exploration
Total Annual Compensation: C$336.4K
Compensation as of Fiscal Year 2013.

iamgold corp (IAG) Key Developments

IAMGOLD Corp. Presents at Bank of America Merrill Lynch - 20th Annual Canada Mining Conference, Sep-04-2014 08:25 AM

IAMGOLD Corp. Presents at Bank of America Merrill Lynch - 20th Annual Canada Mining Conference, Sep-04-2014 08:25 AM. Venue: Sheraton Center Toronto, 123 Queen Street West, Toronto, ON M5H 2M9, Canada. Speakers: Steve Letwin, President & CEO.

IAMGOLD Provides an Exploration Update on the Monster Lake Project

IAMGOLD Corporation provided an update from its ongoing exploration program at its newly optioned Monster Lake project located 50 kilometres southwest of Chibougamau, Quebec, Canada. IAMGOLD initiated the current exploration program on the project at the end of 2013 pursuant to an Earn-In Agreement finalized with TomaGold Corporation, in which IAMGOLD may earn a 50% interest in each of the Monster Lake, Winchester and Lac à l'eau jaune properties, collectively referred to as the Monster Lake Project. To earn its interest IAMGOLD must complete scheduled cash payments and exploration expenditures totaling USD 17.6 million over five years. The company had completed a phase one diamond drilling program totaling 4,528 metres (nine holes) targeting mainly the direct down-dip and lateral extensions of the 325-Megane mineralized zone previously drilled by TomaGold. All assay results have now been received and validated for the entire phase one drilling program. Highlights from the last four holes of the phase one program include: 2.12 metres grading 2.30 g/t Au from 422.50 metres depth and 5.86 metres grading 2.62 g/t Au from 426.10 metres depth (including 2.21 metres grading 6.21 g/t Au from 426.94 metres) in hole ML-14-115 (325-Megane Zone), 3.15 metres grading 2.42 g/t Au from 278.07 metres depth in hole ML-14-116 (325-Megane Zone). The phase one program has provided encouraging results as it expanded the 325-Megane Zone and identified two additional mineralized zones: the Upper 325-Megane Zone, a newly intersected zone, and the Lower 325-Megane Zone which was tested only in a few areas by previous drilling. The three zones appear sub-parallel and are spaced approximately 100 to 400 metres apart. Initial results reported last May also included: 10.47 metres grading 11.55 g/t Au from 457.0 metres depth (including 48.90 g/t Au over 2.0 metres) in hole ML-14-108 (325-Megane Zone), and an intersection of a footwall zone referred to as the Lower 325-Megane Zone and grading 13.65 g/t Au over 3.77 metres from 636.86m depth, including 46.0 g/t Au over 1.08 metres in hole ML-14-110. The newly discovered Upper 325-Megane Zone is systematically anomalous in gold where intersected to date.

IAMGOLD Corp. Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production Guidance for the Second Half and Full Year 2014

IAMGOLD Corp. reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2014. For the quarter the company reported revenues of USD 288.6 million against USD 301.1 million a year ago. Earnings from mining operations were USD 42.3 million against USD 92.3 million a year ago. Net losses attributable to equity holders of the company were USD 16.0 million against USD 28.4 million a year ago. Net loss per share was USD 0.04 against USD 0.08 a year ago. Adjusted net earnings attributable to equity holders of the company were USD 8.8 million against USD 30.2 million a year ago. Adjusted net earnings per share were USD 0.02 against USD 0.08 a year ago. Net cash from operating activities was USD 96.8 million against USD 37.9 million a year ago. The decrease in revenue was mainly due to a lower average realized gold price (USD 13.9 million) and, excluding joint ventures, lower gold sales volume of 5,000 ounces (USD 6.3 million), partially offset by higher niobium sales volume (USD 7.4 million). The improvement net profit mainly related to impairment charges of marketable securities and associates in the same prior year period, lower income taxes, net derivative gains, lower write-down of receivables and lower exploration expenses. The increase in net cash from operating activities was mainly due to collecting cash on outstanding receivables (USD 24.0 million), paying less income taxes (USD 31.8 million) and managing vendor payment terms (USD 34.2 million), partially offset by lower earnings from operations. For the six months, the company reported revenues of USD 567.9 million against USD 606.4 million a year ago. Earnings from mining operations were USD 97.3 million against USD 213.2 million a year ago. Net losses attributable to equity holders of the company were USD 12.3 million against USD 17.5 million a year ago. Net loss per share was USD 0.03 against USD 0.05 a year ago. Adjusted net earnings attributable to equity holders of the company were USD 20.7 million against USD 87.9 million a year ago. Adjusted net earnings per share were USD 0.05 against USD 0.23 a year ago. Net cash from operating activities was USD 124.9 million against USD 137.4 million a year ago. In the second quarter 2014, expenditures for exploration and project studies totaled USD 20.2 million, of which USD 11.5 million was expensed and USD 8.7 million capitalized. This compares to USD 23.2 million for the same period in 2013. For the quarter, the company reported gold commercial production ­ attributable of 197,000 oz against 214,000 oz a year ago. Gold production ­ attributable was 206,000 oz against 224,000 oz a year ago. Compared to the second quarter 2013, production was down primarily due to lower grades at Rosebel resulting from a severe rainy season that impeded access to higher grade ore and expected lower production from Mouska as the mine reached its end of life. For the six months, the company reported gold commercial production ­ attributable of 368,000 oz against 402,000 oz a year ago. Gold production ­ attributable was 378,000 oz against 412,000 oz a year ago. Gold production in the second half of 2014 is expected to improve with access to improved grades at Rosebel, processing higher-grade hard rock at Essakane and the start of commercial production at Westwood, effective July 1, 2014. The company is increasing its 2014 production guidance from a range of 4.7 million kilograms to 5.1 million kilograms of niobium to 5.2 million kilograms to 5.5 million kilograms of niobium and operating margins from a range of USD 15 kilogram to USD 17 kilogram to USD 17 kilogram to USD 19 a kilogram. The company announced that Westwood remains on track to produce between 100,000 and 120,000 ounces in 2014, including the contribution from Mouska.

 

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