TORONTO, Oct. 8, 2015 /PRNewswire/ - IAMGOLD
Corporation ("IAMGOLD" or the "Company") today announced that
the company has started a process to reduce by 10% the number of
employees at its Rosebel Gold Mines
("Rosebel") in Suriname. Over the past two years IAMGOLD has
reduced overall costs by approximately $175
million and improved productivity at its mines,
resulting in a drop of the Company's all-in sustaining costs
("AISC") at its gold mines by $120
per ounce since Q2 2013. The current gold price
environment requires Rosebel to initiate further action and adjust
the size of its employee base accordingly.
President and CEO of IAMGOLD, Steve
Letwin, commented, "We are taking further steps to reduce
costs and capital expenditures to continue to strengthen our
financial position during a period of weak and uncertain market
conditions. While we have strived to avoid impacting jobs at
the operations, this is a necessary step for the long-term
viability of the Rosebel mine for the mutual benefit of Suriname,
the employees and our investors. On behalf of IAMGOLD and the
Board of Directors, I express appreciation to all of our employees
at Rosebel for their hard work and commitment in these challenging
times."
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. For example, forward-looking statements
contained in this news release include, without limitation,
statements with respect to the Company's guidance for production
and costs. 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", "continue", "remain" and "expect" 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
IAMGOLD to be materially different from the Company's estimated
future results, performance or achievements expressed or implied by
those forward-looking statements, and the forward-looking
statements are not guarantees of future performance.
About IAMGOLD
IAMGOLD (www.iamgold.com) is a mid-tier
mining company with four operating gold mines on three continents.
A solid base of strategic assets in North and South America and West Africa is complemented by development and
exploration projects and continued assessment of accretive
acquisition opportunities. IAMGOLD is in a strong financial
position with extensive management and operational
expertise.
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/accueil/default.aspx.
SOURCE IAMGOLD Corporation