All amounts are expressed in US dollars, unless otherwise
indicated.
TSX: IMG NYSE: IAG
TORONTO, June 20, 2012 /PRNewswire/ - IAMGOLD
Corporation ("IAMGOLD" or the "Company") today declared a
semi-annual dividend payment in the amount of $0.125 per common share that will be paid on
July 13, 2012, to shareholders of
record as of the close of trading on June
29, 2012. This represents more than a 2% dividend
yield based on the average closing value of the Company's common
shares over the last 20 days.
IAMGOLD's President and CEO, Steve
Letwin said, "Our strong cash flow allows us to pay
dividends and grow the business with investments such as our
recently announced acquisition of the Côté Lake project in
Canada. IAMGOLD has a
strong balance sheet and a focused portfolio of assets that
generates significant operating cash flow. Today's
dividend declaration reflects the confidence we have in the current
and future cash flows for the Company."
For purposes of subsection 89(14) of the Income Tax Act, the
Company designates all dividends payable on July 13, 2012, to be eligible dividends.
Forward Looking Statement
This news release contains forward-looking statements. All
statements, other than of historical fact, that address activities,
events or developments that the Company believes, expects or
anticipates will or may occur in the future (including, without
limitation, statements regarding expected, estimated or planned
gold and niobium production, cash costs, margin expansion, capital
expenditures and exploration expenditures and statements regarding
the estimation of mineral resources, exploration results, potential
mineralization, potential mineral resources and mineral reserves)
are forward-looking statements. Forward-looking statements are
generally identifiable by use of the words "may", "will", "should",
"continue", "expect", "anticipate", "estimate", "believe",
"intend", "plan" or "project" or the negative of these words or
other variations on these words or comparable terminology.
Forward-looking statements are subject to a number of risks and
uncertainties, many of which are beyond the Company's ability to
control or predict, that may cause the actual results of the
Company to differ materially from those discussed in the
forward-looking statements. Factors that could cause actual
results or events to differ materially from current expectations
include, among other things, without limitation, failure to meet
expected, estimated or planned gold and niobium production, cash
costs, margin expansion, capital expenditures and exploration
expenditures and failure to establish estimated mineral resources,
the possibility that future exploration results will not be
consistent with the Company's expectations, changes in world gold
markets and other risks disclosed in IAMGOLD's most recent Form
40-F/Annual Information Form on file with the United States
Securities and Exchange Commission and Canadian provincial
securities regulatory authorities. Any forward-looking statement
speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward-looking
statement.
About IAMGOLD
IAMGOLD (www.iamgold.com) is a leading mid-tier gold mining
company producing approximately one million ounces annually from
five gold mines (including current joint ventures) on
three continents. In the Canadian province of
Québec, the Company also operates Niobec Inc., which produces more
than 4.5 million kilograms of niobium annually, and owns a rare
earth element resource close to its niobium mine. IAMGOLD is
uniquely positioned with a strong financial position and extensive
management and operational expertise. To grow from this
strong base, IAMGOLD has a pipeline of development and exploration
projects and continues to assess accretive acquisition
opportunities. IAMGOLD's growth plans are strategically
focused in certain regions in Canada, select countries in South America and Africa.
Please note:
This entire news release may be accessed via fax, e-mail, IAMGOLD's
website at www.iamgold.com and through CNW Group's website at
www.newswire.ca. All material information on IAMGOLD can be found
at www.sedar.com or at www.sec.gov.
Si vous désirez obtenir la version française de ce communiqué,
veuillez consulter le
http://www.iamgold.com/French/Home/default.aspx
SOURCE IAMGOLD Corporation