TORONTO, ONTARIO--(Marketwire
- May 12, 2011) -
If you are unable to view this release, visit www.iamgold.com.
IAMGOLD Corporation ("IAMGOLD" or "the Company")
(TSX:IMG)(NYSE:IAG)(BOTSWANA:IAMGOLD) announced that it has halted the
operation at its Essakane Mine in Burkina
Faso pending the resolution of some labour
unrest at its Essakane Mine in Burkina Faso.
Steve Letwin, President and CEO of IAMGOLD,
said, "We are currently in negotiations to resume operations as
quickly as possible and are confident that this work stoppage will not
be prolonged nor have a material impact on the Company. We intend to
provide further updates when there are any significant changes to the
current situation."
About IAMGOLD
IAMGOLD (www.iamgold.com) is
a leading mid-tier gold mining company producing approximately one
million ounces annually from 8 gold mines on 3 continents. IAMGOLD is
uniquely positioned with a strong financial position and extensive
management and operational expertise. To grow from this strong base,
IAMGOLD has a pipeline of development and exploration projects and
continues to assess accretive acquisition opportunities. IAMGOLD's
growth plans are strategically focused in West Africa, select countries
in South America and regions of Canada. IAMGOLD also operates Niobec, a niobium mine in the Canadian province of
Quebec.
Forward Looking Statement
This news release contains forward-looking statements. All statements,
other than of historical fact, that address activities, events or
developments that the Company believes, expects or anticipates will or
may occur in the future (including, without limitation, statements
regarding the estimation of mineral resources, exploration results,
potential mineralization, potential mineral resources and mineral
reserves) are forward-looking statements. Forward-looking statements
are generally identifiable by use of the words "may",
"will", "should", "continue", "expect",
"anticipate", "estimate", "believe",
"intend", "plan" or "project" or the
negative of these words or other variations on these words or
comparable terminology. Forward-looking statements are subject to a
number of risks and uncertainties, many of which are beyond the
Company's ability to control or predict, that may cause the actual
results of the Company to differ materially from those discussed in the
forward-looking statements. Factors that could cause actual results or
events to differ materially from current expectations include, among
other things, without limitation, failure to establish estimated
mineral resources, the possibility that future exploration results will
not be consistent with the Company's expectations, changes in world
gold markets and other risks disclosed in IAMGOLD's most recent Form
40-F/Annual Information Form on file with the United States Securities
and Exchange Commission and Canadian provincial securities regulatory
authorities. Any forward-looking statement speaks only as of the date
on which it is made and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement.
Please note:
Si vous desirez obtenir la version francaise de ce communique, veuillez consulter le http://www.iamgold.com/French/Home/default.aspx.
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