IAMGOLD Corporation

Conversion of resources to reserves and a revision of economic cutoff grades have boosted reserves at the Tarkwa-Damang gold operation in Ghana.

Ian Telfer, CEO of Wheaton River Minerals (WRM-T), says the takeover attempt by spurned suitor Coeur d’Alene Mines (CDE-T) is a charade. He made the comments during a conference call in which his company’s sec…

South Africa’s Gold Fields (GFI-N) has agreed to combine its foreign assets in a $2.1-billion all-share deal with takeover target Iamgold (IMG-T).

The costs of a failed merger plan with Wheaton River Minerals and a takeover fight with Golden Star Resources added up to corporate charges of US$5.7 million, which nearly wiped out second-quarter profits at Iamgold (IMG-T).

U.S. stock prices bounced back strongly on Aug. 10 and 11, as the market digested news of the most recent Federal Reserve rate increase. But the S&P 500 index, which rose 1%, to 1,075.79, and the Dow Jones Industrial Average, which took back 1.3%,…

The report period has been reduced to two days this issue because The Northern Miner office is moving. The Aug. 10-11 period saw the price of gold close down US$5.15 at US$393.85 per oz. in the afternoon in London.

Surging oil prices and anemic job growth south of the border sent gold US$7.05 higher to US$399 per oz. during the Aug. 4-9 report period. Still, the Toronto Stock Exchange’s gold index only managed to edge 0.58 of a point higher to 185.28. The di…

Higher mining and processing costs associated with transitional ore at the Bogoso-Prestea mine in Ghana cut into Golden Star Resources‘ (GSC-T) earnings in the second quarter.