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Property NewsJune 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 Tarkwa Mine in Ghana for 2009. Attributable gold production in 2009 increased by 5% compared to 2008. A 63% increase in production from the CIL plant was mainly a result of the plant expansion completed in 2009. The production in the heap leach plant was lower in 2009 due to lower gold grades and less ore crushed. Cash cost per ounce of gold decreased in 2009 by 2% compared to 2008 as a result of increased production and lower diesel fuel and power costs, partially offset by increased royalties from higher gold prices. |
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