IAMGold Corp. reports that a seismic event has occurred at its Westwood underground mine in Canada. The event occurred at approximately 2:30 pm Eastern time on Friday October 30th, 2020. All employees have been safely brought above ground. The appropriate government authorities have been contacted and the cause of the seismic event is being investigated. The Westwood mine and mill operations are currently suspended while [...]
All amounts are in US dollars, unless otherwise indicated IAMGold Corp. today announced that all of its outstanding 7.000% Senior Notes due 2025 have been redeemed. The redemption had been previously funded on September 29, 2020 with net proceeds from the Company's recent issue of $450 million aggregate principal amount of 5.750% Senior Notes due 2028 , and the indenture governing the 2025 Notes was satisfied and [...]
IAMGold Corp. will release its third quarter 2020 financial results after market hours on Wednesday, November 4th, 2020. CONFERENCE CALL A conference call will be held on Thursday, November 5th, 2020, at 8:30 a.m. for a discussion with management regarding the Company's operating performance and financial results for the third quarter 2020. A webcast of the conference call will be available through the Company's website [...]
All amounts are in US dollars, unless otherwise indicated IAMGold Corp. today announced that it has completed its private offering of $450 million aggregate principal amount of 5.750% Senior Notes due 2028 . IAMGOLD intends to use the net proceeds from the offering of the Notes to fund the purchase or redemption of all of its outstanding 7.000% Senior Notes due 2025 , and to use the remainder of the net proceeds for [...]
All amounts are in US dollars, unless otherwise indicated IAMGold Corp. today announced the early tender results of its previously announced tender offer to purchase for cash from each registered holder any and all of the Company's outstanding 7.000% Senior Notes due 2025 . The early tender deadline and the withdrawal deadline for the Offer were, in each case, 5:00 p.m., New York City time, on September 21, 2020 . The [...]
IAMGold Corp. , together with joint venture partner Sumitomo Metal Mining Co., Ltd. , is pleased to announce the official ground-breaking for the Côté Gold Project took place on Friday, September 11, 2020. President and CEO Gordon Stothart announced, "This ground-breaking symbolizes the construction start of the Côté Gold Project, a project which will be a model for modern Canadian mining. Côté is transformational for our [...]
All amounts are in US dollars, unless otherwise indicated IAMGold Corp. today announced that it has priced a private offering of $450 million aggregate principal amount of senior notes due 2028 . The Notes bear interest at 5.750% per annum and are being issued at a price of 100% of their face amount, providing the Company with gross proceeds of $450 million. The offering of the Notes is expected to close on or about [...]
All amounts are in US dollars, unless otherwise indicated. IAMGold Corp. today announced the commencement of a tender offer to purchase for cash from each registered holder any and all of the Company's outstanding 7.000% Senior Notes due 2025 . The Offer is being made by the Company pursuant to the Offer to Purchase dated September 8, 2020 and the related letter of transmittal . The table below summarizes certain payment [...]
All amounts are in US dollars, unless otherwise indicated. IAMGold Corp. today announced that it has commenced an offering of $450 million aggregate principal amount of Senior Notes due 2028 . IAMGOLD intends to use the net proceeds from the offering of the Notes to fund the purchase or redemption of all of its outstanding 7.000% Senior Notes due 2025 , and to use the remainder of the net proceeds for general corporate [...]
IAMGold Corp. today announced remaining assay results from its 2020 exploration diamond drilling program completed on the Lac Gamble Zone at the Rouyn Gold Project optioned from Yorbeau Resources Inc. . The project is located 4 km south of Rouyn-Noranda, Quebec, and approximately 45 kilometers southwest of IAMGOLD's Westwood operation. The Company is reporting assay results from the remaining twelve diamond drill holes [...]
IAMGold Corp. today announced assay results from the 2020 drilling program completed at its Monster Lake joint venture project, located 50 kilometres southwest of Chibougamau, Canada. The Company is reporting the final assay results from 6 drill holes, totaling 2,991 metres, completed as part of the 2020 exploration program. The assay results are provided in Table 1 below and include the following highlights: Annie Shear [...]
IAMGold Corp. today announced remaining assay results from its 2020 exploration diamond drilling program completed prior to the suspension of activities last winter at its Nelligan joint venture project: 25%, located 60 kilometres southwest of Chibougamau, Quebec. The Company is reporting assay results from the remaining three diamond drill holes totaling 1,278 metres completed as part of the winter 2020 drilling program [...]
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