Iamgold cuts costs amidst falling profits
It was a mixed bag of news for Iamgold (TSX: IMG; NYSE: IAG) shareholders, as the company released third-quarter results that moved in different directions.
IAMGOLD Corporation
Iamgold marches forward as cost cuts continue
Despite posting a second-quarter loss of US$28.4 million compared to a US$52.9-million profit a year ago, Iamgold (TSX: IMG; NYSE: IAG) says its operations are performing as expected, as it reins in spending amid declining quarterly revenues,…
Oromin turns friendly to Teranga offer
Teranga Gold (TSX: TGZ; US-OTC: TGCDF; ASX: TGZ) and Oromin Explorations (TSX: OLE) have found an amicable way for Teranga to acquire whatever Oromin equity it doesn’t already own.
Iamgold completes maiden resource for Boto
The geological setting of Iamgold’s (TSX: IMG; NYSE: IAG) Boto gold project in eastern Senegal along the West African nation’s border with Mali is underlain by Birimian-aged meta-sedimentary, volcanic and intrusive rocks that the…
Suriname approves new agreement with Iamgold
Early last month Iamgold (IMG-T, IAG-N) declared that it wanted to cut annual spending by $100 million through a combination of cost-cutting initiatives aimed at reducing mine operating costs, exploration expenditures and administrative…
Guyana offers golden upside for frontier explorers
VANCOUVER — Though the last commercial-scale, gold-mining operation in the small Caribbean nation of Guyana closed its doors in 2005, the country’s intriguing geology and artisanal mining history continue to beckon Toronto-listed…
Northern Gold’s great expectations
TIMMINS, ONT. — Greg Gibson is all about the big score, even if he has to take small steps to get there.
Market news: Toronto Stock Exchange
The TSX Composite Index continued its recent climb gaining 68 points for the period. The positive run is tied to strong corporate earnings south of the border, recovering economic growth figures from China and a further kicking down the road of…
Iamgold shares fall 15% on higher costs
Iamgold (IMG-T, IAG-N) shares crumbled as the gold producer estimated higher operating costs for 2013, causing analysts to cut their targets.
TSX continues to roll
The TSX Composite Index continued on its recent upward trajectory as it gained 68 points for the Jan. 21-25 period. The positive run has been tied to strong corporate earnings south of the border, recovering economic growth figures from China…
Iamgold falls 15% on higher expected costs
Iamgold (IMG-T, IAG-N) shares crumbled as the gold producer estimated higher operating costs for 2013, causing analysts to cut their targets.
Borden yields quick return for Probe Mines
It didn’t take Probe Mines (PRB-V) long to prove to the world that its decision to sell a royalty on one past producing mine to invest more into a potential mine was a sound decision.