IAMGOLD Corp (USA) (NYSE:IAG) Declare 2013 Reserve And Resource Statement


Dallas, Texas 03/04/2014 (FINANCIALSTRENDS) – IAMGOLD Corp (USA)(NYSE:IAG) has announced that there is news to be reported. The company has in the past few weeks declared the 2013 mineral as well as resource statement. The highlights for the company were reported to be total attributes which are proven as well as probable reserves of gold. Additionally, it saw a fall or decreases in the reserves. It fell from 11% to 1.2 million ounces.

This was similar to 10.1 million ounces of gold. These by the end of 2013 had revealed that the Rosebel or -1 million ounces. The ranges of mining parameter changes reflect the higher costs which are associated with hard rock mining. Sadiola which is -0.7 million ounces recognized the change in gold price as per assumption. It also saw a partial offset, resulting in the increase from the Essakane- where it reported 0.8 million ounces. These were positive drilling results.

IAMGOLD Corp (USA)(NYSE:IAG) has reported that the volume in trade was much lower at 1,300.00. This was a standard in the daily volume of the product. Since then prices have reportedly dropped by -1.85 % which is at $3.71. In the past twelve months and more, the sock has reported an overall fall of -43.36%. Increasingly, the company reported one of the lowest prices at $3.15.

IAMGOLD Corp (USA)(NYSE:IAG) is a Toronto-based mining company. The company operates five gold mines. These are niobium mine, which is a diamond royalty as well as exploration firm based out of Africa and Americas.

IAMGOLD Corp (USA)(NYSE:IAG) is also based out of Rosebel Gold Mine, Essankane Gold Mine as well as Doyon Division Gold Mines. The projects are spread over Quimasacocha project in Ecuador. In April of 2013, undisclosed subsidiary raised its stake by 18.373%. This was increased from the earlier stake of 7.778% by acquiring 10.595% in GoldOn Resources Ltd.