IAMGOLD 2007 First Quarter Results
All amounts are expressed in US dollars, unless otherwise indicated.
HIGHLIGHTS:
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Net earnings for the first quarter of 2007 were $11.3 million or $0.04 per share.
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Attributable production for the first quarter of 2007 was 218,000 ounces.
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Gold Institute (GI) cash cost of production was $416 per ounce.
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Cash, short term deposits and gold bullion position as at March 31, 2007 were $208.6 million valuing gold bullion at market.
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Operating cash flow for the first quarter of 2007 was $16.7 million.
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Average gold spot price for the first quarter of 2007 was $650 per ounce.
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Investment in mine activities for the first quarter of 2007 totaled $18.9 million.
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Corporate exploration expenditures for the first quarter of 2007 were $9.4 million.
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Total debt levels were reduced by $18.3 million to $20.9 million.
THIS PRESS RELEASE CONTAINS FINANCIAL STATEMENTS. CLICK HERE TO VIEW ORIGINAL PDF DOCUMENT.
FORWARD LOOKING STATEMENTS
Certain statements in this document constitute "forward looking statements" within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934.
Such forward looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward looking statements. Such risks, uncertainties and other important factors include among others; economic, business and political conditions, decreases in the market, the price of gold, hazards associated with mining, labour disruptions, changes in government, exchange rates, currency devaluations; inflation and other macro-economic factors. These forward looking statements speak only as of the date of this doc
ument.
The Company undertakes no obligation to update publicly or release any revisions to these forward looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events.
US Investors Should Note
The US Securities and Exchange Commission ("SEC") permits mining companies, in their filings with the SEC to disclose only those mineral deposits that a company can economically and legally extract or produce. The Company may use certain terms in its publications such as "resources" that are prescribed by Canadian regulatory policy and guidelines but are not provided for in the SEC guidelines on publications and filings.
As at May 14, 2006, the number of shares issued and outstanding of the Corporation was 293,030,577.
The Corporation's auditors have not reviewed the contents of this MD&A or the accompanying financial statements.
FOR FURTHER INFORMATIO
N CONTACT:
Joseph F. Conway
President & Chief Executive Officer
Grant A. Edey
Chief Financial Officer
Tel: (416) 360-4710
North America Toll-Free: 1 (888) IMG-9999
Fax: (416) 360-4750
Renmark Financial Communications Inc.
John Boidman : jboidman@renmarkfinancial.com
Henri Perron : hperron@renmarkfinancial.com
Tel. : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com
Please note:
This entire press release may be accessed via fax, email, IAMGOLD's website at www.iamgold.com and through CCN Matthews' website at www.ccnmatthews.com. All material information on IAMGOLD can be found at www.sedar.com or at www.sec.gov. I
F YOU WISH TO BE PLACED ON IAMGOLD'S EMAIL PRESS RELEASE LIST, PLEASE CONTACT US AT INFO@IAMGOLD.COM.
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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
CODE : IMG.TO |
ISIN : CA4509131088 |
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IAMGOLD is a gold producing company based in Canada. IAMGOLD produces gold, diamonds, lead, niobium, rare earth, silver and zinc in Botswana, in Canada, in Ecuador, in Ghana, in Guyana, in Indonesia, in Mali, in Peru, in South Africa, in Suriname and in Tanzania, develops gold in Burkina Faso, in Ecuador and in French Guyana, and holds various exploration projects in Canada, in Ecuador, in Honduras, in Peru and in South Africa. Its main assets in production are OMAI MINE in Guyana, MOUSKA MINE, PORCUPINE, SLEEPING GIANT, DOYON, NIOBEC and GRAND DUC in Canada, YATELA and SADIOLA in Mali, MUPANE in Botswana, DAMANG PROJECT, TARKWA and TEBEREBIE in Ghana, ROSEBEL in Suriname, ZARUMA in Ecuador, ARDO MINE in South Africa, BUCKREEF in Tanzania, RAWAS GOLD PROJECT in Indonesia and TAMBORAQUE in Peru, its main assets in development are ESSAKANE in Burkina Faso, CAMP CAIMAN in French Guyana and QUIMSACOCHA PROJECT in Ecuador and its main exploration properties are BAMBADJI in Senegal, TEX-SOL, LESPERANCE, CREVIER and WESTWOOD in Canada, ALAMOUTALA (SADIOLA II) and SIRIBAYA in Mali, GILT EDGE MINE & ANCHOR HILL in Ecuador, PODEROSA MINE in Peru and VUELTAS DEL RIO / EL ZAPOTAL in Honduras. IAMGOLD is listed in Australia, in Canada, in Germany and in United States of America. Its market capitalisation is 316.9 millions as of today (US$ 230.6 millions, € 210.7 millions). Its stock quote reached its highest recent level on April 28, 2006 at 9.98, and its lowest recent point on September 30, 2022 at 1.27. IAMGOLD has 47 442 200 shares outstanding. |