IAMGOLD announces $100M cost reduction program IAMGOLD announced that the company has initiated a program to reduce annualized spending by $100M This will be achieved through cost-cutting initiatives aimed at reducing mine operating costs, exploration expenditures and mine site and corporate general and administrative costs. The company ended 2012 with over $1B in cash and gold bullion.
News For IAG From The Last 14 Days
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On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: AutoZone (AZO) downgraded to Neutral from Buy at Goldman... Cardiovascular Systems (CSII) downgraded to Hold from Speculative Buy at Benchmark Co... DealerTrack (TRAK) downgraded to Underweight from Equal Weight at Barclays... Eldorado Gold (EGO) downgraded to Equal Weight from Overweight at Morgan Stanley... Francesca's (FRAN) downgraded to Neutral from Buy at Janney Capital... Freeport McMoRan (FCX) downgraded to Neutral from Buy at Goldman... IAMGOLD (IAG) downgraded to Underweight from Equal Weight at Morgan Stanley... Lionbridge (LIOX) downgraded to Neutral from Buy at B. Riley... Omega Protein (OME) downgraded to In-Line from Outperform at Imperial Capital... The Fresh Market (TFM) downgraded to Neutral from Buy at Goldman... Waters (WAT) downgraded to Neutral from Buy at Goldman... Weingarten Realty (WRI) downgraded to Market Perform from Outperform at Wells Fargo... Transocean (RIG) downgraded to Neutral from Add at Capital One... 21Vianet (VNET) downgraded to Sector Perform from Outperform at Pacific Crest... Nuance (NUAN) downgraded to Neutral from Outperform at Wedbush... Methanex (MEOH) downgraded to Market Perform from Outperform at Raymond James.