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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  IAMGOLD Corporation    IMG   CA4509131088

IAMGOLD CORPORATION

(IMG)
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Iamgold : reducing underground workforce at Westwood after seismic event last month

11/23/2020 | 10:55am EST

TORONTOIamgold Corp. says it is temporarily reducing the underground workforce at its Westwood mine in Quebec following what it called a seismic event.

The company says underground work at Westwood remains suspended following the event that occurred on Oct. 30.

The temporary reduction affects 437 workers, or about 70 per cent of the underground workforce, Iamgold says.

The company is investigating the cause of the seismic event and a business recovery plan for Westwood is being assessed.

It says the Westwood mill was restarted on Nov. 4, processing stockpile and Grand Duc open pit ore.

Iamgold has three gold mines including the Essakane mine in Burkina Faso, the Rosebel mine in Suriname and the Westwood mine in Canada.

This report by The Canadian Press was first published Nov. 23, 2020.

Companies in this story: (TSX:IMG)

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (USD)
Sales 2020 1 231 M - -
Net income 2020 49,0 M - -
Net cash 2020 388 M - -
P/E ratio 2020 35,9x
Yield 2020 -
Capitalization 1 621 M 1 620 M -
EV / Sales 2020 1,00x
EV / Sales 2021 0,95x
Nbr of Employees 5 000
Free-Float 99,8%
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Technical analysis trends IAMGOLD CORPORATION
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TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 5,25 $
Last Close Price 3,41 $
Spread / Highest target 97,7%
Spread / Average Target 54,0%
Spread / Lowest Target 11,7%
EPS Revisions
Managers and Directors
NameTitle
P. Gordon Stothart President, Chief Executive Officer & Director
Donald Kinloch Charter Chairman
Bruno Lemelin Senior Vice President-Operations & Projects
Carol T. Banducci Chief Financial Officer & Executive Vice President
Mahendra Naik Independent Director
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