| Iamgold to cut 10 percent of workers at Suriname gold mine | |
| | |
|
PARAMARIBO, Suriname (AP) -- A Canadian company that operates a gold mine in Suriname says it will dismiss roughly 10 percent of its workforce to reduce costs amid low global prices for the precious metal.
Toronto-based Iamgold Corp. announced the cuts Thursday. The company owns about 90 percent of the Rosebel mine, with the remainder owned by Suriname. Iamgold says the job reductions are needed to protect Rosebel's long-term viability.
Local media say a strike halted mine operations Thursday after the job cuts were announced.
An Iamgold spokesman in Suriname declined comment when asked about the strike, saying only that further company statements will be issued in coming days.
It's the latest bad news for Suriname's commodities-based economy. Aluminum producer Alcoa has said it plans to close its Suriname operations next month.
|
|
|
VanEck Vectors Global Alternative Energy ETF
|
|
PRODUCER |
CODE : IMG.TO |
ISIN : CA4509131088 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
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. |