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Stock Market & Financial Investment News

News For IAG From The Last 14 Days
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January 23, 2015
05:10 EDTIAGIAMGOLD Westwood mine production continues uninterrupted during rock burst
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January 22, 2015
08:40 EDTIAGIAMGOLD sells Niobec for $530M
IAMGOLD has completed the sale of its Niobec mine to a group of companies led by Magris Resources. On closing, IAMGOLD received $500M in cash after tax for the niobium business. When combined with the company's current cash, cash equivalents and gold bullion, the balance increases to approximately $800M, exceeding the value of the company's $650M unsecured notes due in October, 2020. The company also has an undrawn $500M revolving credit facility.
07:39 EDTIAGIAMGOLD reports 2014 gold production 844K ounces
Reports preliminary total cash costs gold mines estimated at $845-$865 per ounce. Cash costs for IAMGOLD owner-operator mines for 2014 expected to be at the upper end of guidance of $790-$830 per ounce. Preliminary all-in sustaining costs gold mines estimated at $1,100-$1,120 per ounce. All-in sustaining costs for IAMGOLD owner-operator mines for 2014 expected to be at the low end of guidance of $1,100-$1,200 per ounce. 2014 CapEx were approximately $325M, 51% lower than 2013 and well below the 2014 guidance. As a result of the year-end review of asset retirement obligations, the company recorded non-cash expenses of approximately $40.5M related to the rehabilitation costs associated with the closure of the Doyon Mine. As at December 31, 2014, cash, cash equivalents and gold bullion was approximately $333M.
07:36 EDTIAGIAMGOLD reports 2014 revenue $1.2B, consensus $1.21B
07:34 EDTIAGIAMGOLD sees 2015 gold production 820K-860K ounces
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January 16, 2015
07:03 EDTIAGIAMGOLD cleared to complete sale of Niobec for $530M
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