Friday 19 June 2009

IAMGOLD Announces Increased Production Guidance for 2009

 

- Full year gold production for 2009 is expected to be 910,000 to 920,000 ounces at an average cash cost(1) of between $460 and $470 per ounce

- Full year niobium production from the Niobec mine is expected to be 4,200 to 4,400 tonnes with operating margins of between $20 and $22 per kilogram

- Capital expenditures are expected to be $448 million for 2009 - Greenfields exploration expenditures remain forecast at $34 million for 2009

FOXBusiness.com

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