IAMGOLD Corporation

Iamgold retires Sadiola debt, sees earnings slip

Junior producer Iamgold (IMG-T) is eyeing “significantly” higher cash flow now that all remaining debt relating to the Sadiola mine in western Mali has been retired.In mid-May, a US$31.5-million payme…


Yatela boosts Iamgold’s earnings

With the Yatela mine in western Mali three months into its first full year of commercial production, Iamgold (IMG-T) has posted solid first-quarter earnings.The company earned US$4.5 million (or 6 pe…


Axmin seeks West African gold

Many major gold companies have pulled in their horns over the past four years, rendering a good number of African exploration properties inactive. This has presented an opportunity for junior explorer…


Yatela props up Iamgold

Thanks to newfound production from the Yatela mine in western Mali, Iamgold (IMG-T) set a production record in 2001.The company, which owns 40% of Yatela and 38% of its bigger sister, Sadiola, produce…


Coal miner AfriOre goes for gold in Africa

Looking to shift gears again, metal-explorer-turned-coal-miner AfriOre (AFO-T) intends to bring another South African coal operation into production with an eye toward becoming a gold producer.The com…



Orezone nabs Seguenega from Repadre Capital

Toronto-based Orezone Resources (ORZ-T) has added the Seguenega gold project in Burkina Faso to its exploration portfolio in West Africa.In return for a 90% stake, Orezone issued 200,000 shares to Rep…


Partners cut ribbon at Yatela mine

With production already in full swing at the Yatela gold mine in western Mali, all that remained to do was open the mine officially.Partners AngloGold (AU-N) and Iamgold (IMG-T) did that on Sept. 8, c…


Iamgold profitable in second quarter

Still buoyed by the performance of the Sadiola Hill mine in western Mali, Iamgold (IMG-T) has posted second-quarter earnings of US$2.6 million (or 4 per share) on revenue of US$15.2 million.Sadiola, …


Analyst sees best buys at bottom of food chain

Gold analysts have watched the yellow metal’s sluggish performance for several years now, with some keeping the faith better than others. John Ing of Maison Placements Canada still ranks among the mos…


Iamgold ponders fate of exploration projects

Recent exploration has prompted Iamgold (IAM-T) to walk away from the FSC project, in South Africa, and consider a similar action at the Moeda and Retazos projects in Brazil and Ecuador, respectively….


More gold at Intidougou

Drilling by Orezone Resources (ORZ-T) and its Australian partner, Delta Gold, has intersected more near-surface gold at the Intidougou project in Burkina Faso.The partners sank 15 reverse-circulation…


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