The Canadian miner said it wasn’t aware of any "material change" that would account for the sharp price rise in its stock on Thursday and into early trading on Friday.
IAMGOLD Mining News
Shares of Iamgold were halted in Toronto after climbing as much as 11%, valuing the company at about C$1.7 billion ($1.2 billion).
The Young Mining Professionals (YMP) is bumping up its YMP Scholarship Fund for the 2019-20 academic year for students in mining-related university programs in Canada.
The Toronto-based gold miner reported an adjusted net loss of $2.2m, or roughly $0 per share, falling short of analysts' expectations of $0.01 per share.
The industry's buyout frenzy was sparked earlier this year when Barrick Gold Corp and Newmont bought Randgold Resources and Goldcorp, respectively.
To be eligible for the awards, mining companies must be actively implementing the Towards Sustainable Mining (TSM) initiative.
A look at eight majors and juniors exploring for gold worldwide.
Building activities at Côté Gold, located in the Abitibi gold belt in Ontario, were slated to start in the first months of 2019, with pre-production beginning in late 2020.
TomaGold will own a 50% interest in the Monster Lake property, with IAMGOLD holding the other 50%.
Combined indicated and inferred resources for the satellite deposit, located 15 km northwest of its Essakane operation in Burkina Faso, amount to 376,000 gold ounces.
The miner said the strike is a breach of the Collective Labour Agreement.
AngloGold says it has started the process of selling the Sadiola mine, a joint venture with IAMGOLD.
The extended plan increases the mine life by two years, raising production to 372,000 oz. gold per year and all-in sustaining costs to US$703 oz. gold per year.
Company said feasibility study for its Boto gold asset outlines an economically robust, low cost production project which will produce 140,000 ounces of gold annually on average over a 13-year lifespan.
Young Mining Professionals names its 2018 Scholarship Fund winners for Canadian mining and geology students
The Scholarship Fund is YMP's initiative to attract the next generation of Canadian leaders to the Mining industry.
The companies were recognized with the awards yesterday at the CIM Awards Gala in Vancouver.
Company expects Côte Gold project to create as many as 1,200 jobs during the construction phase, estimated to last two years.
The fate of IAMGOLD's Sadiola mine hangs in the balance as Mali's gold exports fall and production winds down.
CEO Stephen Letwin says IAMGOLD – one of the best-performing gold stocks so far in 2017 - is gunning to be a gold major.
With the completion of the Japanese firm acquisition of 30% of Côté Gold Project, IAMGOLD's liquidity now exceeds $1 billion.
The deal comes as Sumitomo, Japan’s top gold miner, looks to boost its output through acquisitions and exploration.
IAMGOLD (TSX:IMG) is taking a further step towards diversifying its power needs into renewable energy, with a plan to install at 15-megawatt-peak (MWp) solar power plant at its Essakane mine in Burkina Faso.
Shares in most gold miners fell Monday as the precious metal price dropped more than 1% in early trading and was steadily heading to its largest single-session loss of the month.
Current gold environment necessitates cost cutting.
The code, which is yet to be formalized into law, respects clauses in existing deals, said the miner.