Property News
June 22, 2011
IAMGOLD Corporation announced the closing of the sale of its 18.9% interest in the Tarkwa and Damang gold mines in Ghana, West Africa to Gold Fields Limited for $667 million in cash.
April 15, 2011
IAMGOLD Corporation has reached an agreement to sell its 18.9% interest in the Tarkwa and Damang gold mines in Ghana, West Africa to Gold Fields Limited.
December 31, 2009
IAMGOLD announced operational results from the Damang Mine in Ghana for 2009. Attributable gold production remained relatively unchanged from the previous year. Processing of slightly lower grade ore was offset by higher gold recoveries. Cash costs per ounce in 2009 were higher compared to the same period in 2008 as a result of lower production and increased royalties from higher gold prices. Cash cost per ounce decreased by $57 or 8% in 2009 as a result of lower diesel fuel and power costs and a slightly higher gold production.
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