IAMGOLD Corporation: IAMGOLD Reports Fourth Quarter and Year-End 2020 Results; Generated $348 Million in Operating Cash Flow
All monetary amounts are expressed in U.S. dollars, unless otherwise indicated.
For more information, refer to the Management Discussion and Analysis (MD&A) and Audited Consolidated Financial Statements for the year ended December 31, 2020.
Toronto, Ontario (Newsfile Corp. - February 17, 2021) -
IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) ( IAMGOLD or the Company ) reports its consolidated financial and operating results for the quarter and year ended December 31, 2020. IAMGOLD s efforts in advancing our peer-leading growth platform took a significant step forward in 2020 with the commencement of construction of the Côté Gold Project in Canada, supported by both robust gold prices and nearly $1.5 billion in liquidity at year-end. As reported on January 19, 2021, IAMGOLD achieved its updated production and cost guidance, generating $347.6 million in an
IAMGOLD Corporation: IAMGOLD Reports 2020 Attributable P&P Reserves of 13.9 Million Ounces and Attributable M&I Resources of 23.9 Million Ounces
Toronto, Ontario (Newsfile Corp. - February 17, 2021) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) ( IAMGOLD or the Company ) announces its 2020 year end Mineral Reserve and Resource statement (refer to Table 3 for a detailed breakdown by asset).
IAMGOLD s President and CEO, Gordon Stothart, commented: We have maintained a robust global reserve and resource profile in 2020, noting that our numbers did decline year-over-year, reflecting both industry trends and the reality that we mine a depleting resource, combined with the sale of the Sadiola and Eastern Borosi properties. Looking to 2021, we continue to focus on our core assets and district strategy in our exploration program, with the goal of developing an initial resource at the Gosselin Deposit near our Côté Gold Project and delineating further resources at the Nelligan distri
IAMGOLD Corporation: IAMGOLD Acquires Additional Shares of INV Metals Inc. to Maintain Its Interest
IAMGOLD Corporation (TSX: IMG)
( IAMGOLD or the Company ) announces that it entered into a subscription agreement (the Subscription ) with INV Metals Inc. ( INV ), pursuant to which IAMGOLD indirectly, through a wholly-owned subsidiary, acquired 4,848,287 common shares of INV (the INV Shares ), from treasury, at a price of C$0.45 per INV Share, for gross proceeds totaling C$2,181,729.
The Subscription was entered into in connection with INV s non-brokered private placement of INV Shares announced January 26, 2021 (the Private Placement ). Immediately prior to the execution of the Subscription, IAMGOLD indirectly held 48,482,871 INV Shares, or 35.5% of the 136,542,488 then issued and outstanding INV Shares. Immediately following completion of the Private Placement, IAMGOLD indirectly holds 53,331,158 INV Shares, or 35.5% of the 150,196,737 INV Shares now issued and outstanding.
Notes:
Insufficient drilling has been completed to accurately determine the Gosselin Zone orientation. Actual core widths are estimated at approximately 60 to 95% of the core interval.
Drill hole intercepts are calculated with a lower cut of 0.30 g/t Au.
Assays are reported uncut but high grade sub-intervals are highlighted.
GOS20-52 Core Interval 78.65 to 109.00 m has actual core widths estimated to be 26.6% of the core interval. BTW drill core. Core diameter is 42.0 mm
Technical Information and Quality Control Notes
The drilling results contained in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.