IAMGOLD Reports Work Stoppages at its Joint Venture Operations in Mali
PR Newswire Association LLC |
TSX: IMG NYSE: IAG
Oumar Toguyeni,
The more focused scope of operation at Sadiola was necessitated by the lower bullion price and is aimed at improving the mine's viability. Unfortunately, however, it will affect employees of the joint venture, as well as those employed by the mining contractor, LTA Mali.
The joint venture partners will also continue to engage all stakeholders; a
About Sadiola and Yatela Gold Mines
Sadiola, the larger of the two operations in
Yatela is 80% owned by the
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
All information included in this news release, including any information as to the Company's future financial or operating performance, and other statements that express management's expectations or estimates of future performance, other than statements of historical fact, constitute forward looking information or forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements contained in this news release include, but are not limited to, statements with respect to: the Company's guidance for production, total cash costs, all-in sustaining costs, depreciation expense, effective tax rate, niobium production and operating margin, capital expenditures, operations outlook, cost management initiatives, development and expansion projects, exploration, the future price of gold, the estimation of mineral reserves and mineral resources, the realization of mineral reserve and mineral resource estimates, the timing and amount of estimated future production, costs of production, permitting timelines, currency fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Forward-looking statements are generally identifiable by, but are not limited to the, use of the words "may", "will", "should", "continue", "expect" or "anticipate" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Company cautions the reader not to place any reliance whatsoever on forward-looking information or forward-looking statements. Forward- looking information and forward-looking statements involve risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of
For a more comprehensive discussion of the risks faced by the Company, and which may cause the actual financial results, performance or achievements of
The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as required by applicable law.
About
Please note:
This entire news release may be accessed via fax, e-mail,
Si vous désirez obtenir la version française de ce communiqué, veuillez consulter le http://www.iamgold.com/French/Home/default.aspx.
SOURCE
Wordcount: | 1076 |
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News