Iamgold

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Iamgold Corporation
Type TSXIMG
NYSEIAG
Industry Gold Mines
Founded 1991 as International African Mining Gold Corporation
Founder(s) Mark Nathanson and William Pugliese
Headquarters Toronto, Ontario, Canada
Key people William Pugliese Chairman and Director
Stephen Letwin, President and CEO
Employees 5,600 (2008)[1]
Website www.iamgold.com

Iamgold Corporation is a Toronto based international gold producer. The company is engaged in the exploration, development, and production of mineral resource properties throughout the world.

Operations[edit]

Iamgold has an annual production of close to 1 million ounces of gold from operations in North America, South America, and Africa.

In 2008,Iamgold announced an agreement for the sale of La Arena, its Peruvian development copper / gold project, to Rio Alto Mining Limited (Rio Alto).[2]

Mines[edit]

The following mines are operated by the company:

  • The Rosebel Gold Mine, acquired by Iamgold through its merger with Cambior, located in Suriname
  • The Mouska gold mine northwest of Montreal in the Canadian province of Quebec
  • The Niobec underground mine near Chicoutimi in the Canadian province of Quebec. This mine is North America's only source of pyrochlore, the primary niobium ore, and one of only three major producers of niobium.
  • The Sadiola gold mine in Mali
  • The Yatela Mine gold mine in western Mali, about 25 kilometres north of the Sadiola Mine on an adjoining mining permit

Development projects[edit]

The Company is developing these projects:

  • The Westwood project east of the Mouska mine in Canada

Recent history[edit]

Stephen Letwin was appointed President and Chief Executive Officer of Iamgold on November 1, 2010. Letwin held executive positions at Enbridge Inc., TransCanada Energy and TransCanada Pipelines prior to joining Iamgold. He is a certified general accountant and a member of the Certified General Accountants of Ontario. He holds an MBA from the University of Windsor and is a graduate of the Harvard Advanced Management Program.[3]

The company announced on January 23, 2013, that it is reducing exploration activity in Mali as a result of events in this country. This is not expected to impact production at the two mines in Mali where the company holdes an operating interest.[4]

References[edit]

External links[edit]