For a full explanation of results, the unaudited interim Consolidated Financial Statements, Management Discussion and Analysis, and mine statistics, please see the Company's website, www.iamgold.com. All amounts are expressed in US dollars, unless otherwise indicated.
"We remain committed to delivering strong operating results and the first quarter was a solid start for the year. We will continue to focus on operational improvements to lower costs even further and increase production levels beyond our current guidance of 880,000 ounces for 2009.
The Essakane acquisition and the $282 million equity financing completed in the first quarter represent a significant change in terms of our near term production outlook, reserve base and financial strength. In particular, the equity financing and overall capital availability of over $550 million provides financial flexibility to not only meet our near term capital requirements but also to ensure we have funds available to pursue other accretive opportunities during this period of financial instability.
In terms of our operations and development projects, we have also made significant progress and we have allocated significant funds for drilling and development activity at virtually all of our ongoing assets," stated Joseph Conway, President & CEO.
for details visit
http://www.marketwire.com/press-release/Iamgold-Corporation-TSX-IMG-989569.html
posted by srikanth....july6
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