Past year: ▲ 58%(16.24 – 33.56 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
18 Dec 2023resource reserve update● Neutral
IAMGOLD filed an NI 43-101 technical report on the Essakane Gold Mine in Burkina Faso (effective September 30, 2023, dated December 18, 2023). Only the cover form and exhibit list are visible, so no figures can be read. It follows the February 2020 Essakane feasibility report.
23 Feb 2023resource reserve update● Neutral
IAMGOLD filed an independent technical report for the Nelligan Gold Project in Canada (filing dated February 23, 2023). Only the cover form and exhibit list are visible, so no resource figures can be read. It continues the Nelligan thread, where the company's stated aim in 2018 was an initial resource estimate; the filing does not state a resource number or option exercise.
12 Aug 2022resource reserve update● Neutral
IAMGOLD filed another technical report on the Côté Gold Project in Ontario, dated August 12, 2022, following the December 2021 report. Only the cover form and exhibit list are visible, so no figures or changes can be read.
7 Feb 2022resource reserve update● Neutral
IAMGOLD filed a technical report on the Rosebel Gold Mine in Suriname (filing dated February 4, 2022). Only the cover form and exhibit list are visible, so no reserve or production figures can be read. It is the first Rosebel technical report seen in this history.
2 Dec 2021resource reserve update● Neutral
IAMGOLD filed a technical report on the Côté Gold Project in Ontario with a December 2, 2021 filing date. Only the cover form and exhibit list are visible, so no figures, study results or construction decision can be read. It continues the Côté thread, where the earlier feasibility study was guided for H1 2019.
5 Aug 2020resource reserve update● Neutral
IAMGOLD filed a technical report on the Westwood Mine in Quebec (effective April 30, 2020, dated July 15, 2020). Only the cover form and exhibit list are visible, so no reserve, production or cost figures can be read. It is the first updated Westwood report seen since the 2018 context.
14 Feb 2020resource reserve update● Neutral
IAMGOLD filed a technical report on the Boto Optimization Study in Senegal (effective December 31, 2019, dated February 10, 2020). Only the cover form and exhibit list are visible, so no figures or conclusions can be read. It follows the October 2018 Boto feasibility study; the filing does not say what the optimization changed, and it does not state a final investment decision.
12 Feb 2020resource reserve update● Neutral
IAMGOLD filed a technical report on the Essakane carbon-in-leach and heap leach feasibility study (effective Nov 6, 2019, dated Jan 31, 2020). Only the cover form and exhibit list are visible, so no figures can be read. This is the supporting report for the Essakane feasibility study that the June 2018 pre-feasibility study said was due in Q1 2019 (timing differs from that guidance, as the report date is 2020).
23 Oct 2018resource reserve update▲ GoodMajor
IAMGOLD's Boto feasibility study shows better economics than the February 2018 pre-feasibility study: after-tax IRR of 23% (was 13.3%), NPV of $261M at 6% and $1,250/oz (was $104M), payback 3.4 years, and initial capital of $254M (was $249M). Proven and probable reserves rise by 0.51Moz to 1.93Moz, with a 12.8-year mine life and average output of 140,000 oz/yr. This delivers the feasibility study that was due in H2 2018. The company says no final investment decision has been made and permitting remains; a mining concession application is planned for Q4 2018, with approval expected in H1 2019.
23 Oct 2018resource reserve update● Neutral
IAMGOLD filed the full technical report (by Lycopodium, effective Sept 30, 2018) for the Boto feasibility study, with a separate exhibit of qualified-person certificates. Only the cover and table of contents are visible here, so no figures can be read from this part. It is the supporting report for the study results announced Oct 22, 2018.
18 Oct 2018drilling result▲ Good
IAMGOLD reported 2018 drilling results from the Diakha deposit at its wholly owned Siribaya project in Mali (100 holes, 14,634 m), with best intercepts of 13.0 m at 11.60 g/t gold and 7.0 m at 12.46 g/t gold. The company says the deposit now extends nearly 3 km along strike and an updated resource is due by year end, which continues the plan set out earlier in 2018. Further drilling is planned for 2019.
11 Sept 2018drilling progress report▲ Good
IAMGOLD reported first 2018 assay results from Nelligan in Quebec (12 holes, 4,471 m), with intercepts such as 56.6 m at 1.81 g/t gold and 39.9 m at 1.38 g/t gold. Results from 20 more holes (8,889 m) are pending. The company says it hopes to reach an initial resource estimate in the future, which continues the maiden-resource aim for Nelligan. The release also states the project is a joint venture with Vanstar (IAMGOLD 51%, Vanstar 49%), with an option to earn a further 24% for C$2.75M in cash payments plus a resource report before March 2022.
20 July 2018resource reserve update● Neutral
IAMGOLD's news release says it has filed the technical report for the Essakane heap leach pre-feasibility study announced June 5, 2018. The one new point is that the report's resources and reserves include depletion from Jan 1 to June 5, 2018, whereas the June 5 release figures were before depletion; no adjusted figures are given. It otherwise duplicates the report filing.
19 July 2018resource reserve update● Neutral
IAMGOLD filed the full NI 43-101 technical report supporting the Essakane Heap Leach pre-feasibility study announced June 5, 2018 (effective June 5, 2018). Only the cover and table of contents are visible here, so no new figures can be read from this part of the filing.
5 June 2018drilling result▲ GoodMajor
IAMGOLD reported a pre-feasibility study for a heap leach addition at Essakane in Burkina Faso (the Heap Leach PFS expected in Q2 2018). Probable reserves rise 39% (1.3M oz) to 4.7M oz on a 100% basis, with an 8.5-year mine life, average output of 480,000 oz a year once heap leach runs, all-in sustaining cost of $946/oz and initial heap leach capital of $155M. A feasibility study is now underway for completion in Q1 2019, and a Gossey maiden resource is now guided for Q4 2018. The company says higher-grade drill intercepts accounted for more than a third of the reserve increase.
18 May 2018resource reserve update● Neutral
IAMGOLD filed an amended technical report (dated May 17, 2018) for the Monster Lake maiden resource, replacing the May 9 version. The filing says no technical change was made; the report is now addressed to both IAMGOLD and TomaGold, with minor edits, and the filing says these are not a material change. The resource itself (433,300 oz inferred, reported Mar 28) is unchanged.
15 May 2018resource reserve update● Neutral
IAMGOLD's news release says it filed the technical report for the Eastern Borosi resource announced Apr 3, 2018. It contains no new figures and duplicates the filing of the report itself.
14 May 2018resource reserve update● Neutral
IAMGOLD filed the full technical report (by Roscoe Postle Associates, dated May 11, 2018) supporting the Eastern Borosi resource announced Apr 3, 2018. The visible text restates the Apr 3 resource and the option terms, and adds that the total potential IAMGOLD investment to earn 70% is US$10.9M. The project covers 176 km2.
11 May 2018resource reserve update● Neutral
IAMGOLD announced it filed the technical report supporting the Monster Lake resource first reported on March 28, 2018. The release has no new figures; it only says where the report can be found.
3 Apr 2018resource reserve update▲ GoodMajor
IAMGOLD reported a first-time inferred resource for Eastern Borosi in Nicaragua, a joint venture it holds 51% of with Calibre Mining (49%). Total inferred is 4,418,000 tonnes at 4.93 g/t gold for 700,500 oz of gold and 11.36M oz of silver (effective Mar 15, 2018, at US$1,500/oz gold). This delivers the maiden resource that was being initiated for 2018. IAMGOLD vested its 51% in 2017 and has now entered a second option to earn a further 19% by paying US$450,000 and spending US$5M more. A 6,000 m drilling program has started, with up to 10,000 m possible if results warrant.
28 Mar 2018resource reserve update▲ GoodMajor
IAMGOLD reported the first resource estimate for Monster Lake in Quebec: 1,109,700 tonnes of inferred resource at 12.14 g/t for 433,300 oz of gold (effective Feb 26, 2018, at US$1,300/oz). This delivers the maiden resource that the February 2018 statement said was being initiated for 2018. The release gives the project split as IAMGOLD 50%, TomaGold 45% and Quinto Resources 5% on the claims block. A 2018 program of about 7,500 m of drilling has started, and a supporting technical report is due within 45 days.
28 Feb 2018drilling result▲ GoodMajor
IAMGOLD reported the remaining Phase II drilling results at Saramacca in Suriname (60 holes, about 14,360 m; the full program was 97 holes, 24,282 m). Best intercepts were 46.0 m at 11.73 g/t and 15.0 m at 22.90 g/t gold. The company is building an updated resource model and still expects reserve status in 2018 and production in 2019. About 50,000 m of drilling is planned for 2018, including the Brokolonko concession. The Phase II program ended up larger than the 22,000 m stated in November, and the 2018 plan is new.
22 Feb 2018resource reserve update● Neutral
IAMGOLD's news release says it has filed the technical report for the Boto pre-feasibility study announced Feb 12, 2018. It contains no new figures and only says where the report can be found. It duplicates the filing of the report itself.
21 Feb 2018resource reserve update● Neutral
IAMGOLD filed the full technical report, in French, for the Boto pre-feasibility study (prepared by Lycopodium, effective Dec 31, 2017). Only the cover, signature page and table of contents are visible here, so no new figures can be read. It is the supporting report for the Feb 12 study results.
13 Feb 2018resource reserve update● NeutralMajor
IAMGOLD published the pre-feasibility study for its 100%-owned Boto gold project in Senegal: 13.5-year mine life, nearly 100,000 oz a year, initial capital of $249M, and all-in sustaining costs of $829/oz. At $1,275/oz gold it shows an after-tax return of 13.3% and a value of $104M (6% discount rate). The CEO says it is still short of the company's usual investment criteria for West Africa. The 1.4M oz reserve (1.415M oz probable) matches the figure in the Feb 12 year-end statement, and the feasibility study is due in H2 2018 with a 25% higher mill rate.
13 Feb 2018resource reserve update▲ GoodMajor
IAMGOLD's year-end 2017 statement shows attributable reserves up 86% to 14.5M oz (from 7.8M oz), mainly from converting resources to reserves at Côté Gold and Boto after pre-feasibility studies, plus the Rosebel increase announced in July. Measured and indicated resources rose 6% to 24.7M oz and inferred rose 44% to 8.8M oz, with 2017 attributable production of 882,000 oz. Côté's feasibility study is now expected in the first half of 2019, when a construction decision will be taken (earlier guidance was H2 2018). The Saramacca initial reserve is now guided for the second half of 2018 (earlier H1 2018). The release also notes Sadiola's sulphide project awaits an agreement with Mali's government, and that IAMGOLD was granted the Brokolonko concession near Saramacca on Jan 24, 2018.
31 Jan 2018drilling result▲ Good
IAMGOLD reported 2017 drilling results from the Diakha deposit at its wholly owned Siribaya project in Mali (105 holes, 19,520 m), with best intercepts of 18.0 m at 11.06 g/t and 26.0 m at 6.79 g/t gold. The company says the drilling extended mineralization north and south, nearly doubling the strike length, and it aims for a resource of 2 million ounces. About 15,000 m of drilling is planned for 2018 with an updated resource estimate expected by year-end 2018. The current resource quoted is unchanged (129,000 oz indicated, 1.1M oz inferred).
16 Nov 2017drilling result▲ Good
IAMGOLD reported more results from its post-resource drilling at Saramacca in Suriname (37 holes, 9,553 m of a 22,000 m program), with best intercepts of 57.0 m at 2.56 g/t and 39.0 m at 3.47 g/t in infill holes, and 34.5 m at 4.50 g/t in an expansion hole. The company says the drilling extends mineralization below the initial resource pit shell, but the first step-out holes along strike to the northwest and southeast did not hit significant mineralization. It still targets reserve status in 2018 and production in 2019. The ESIA, mine design, geotechnical and metallurgical work continue. The planned program is now stated as 22,000 m (earlier about 20,000 m).
1 Nov 2017drilling result● Neutral
IAMGOLD reported results from three summer 2017 drill holes (1,836 m) at Monster Lake in Quebec, the project it holds 50% of with TomaGold. The best were 4.7 m at 2.14 g/t gold (Megane Zone) and 2.4 m at 7.42 g/t (Lower Shear Zone), much lower grade than the winter holes reported in July. A winter 2018 program is being planned, and the company is assessing whether an initial resource estimate is warranted by year-end, so the earlier 'possible' year-end resource is now less firm. The release repeats the August TomaGold share purchase and the option to reach 75%.
18 Oct 2017resource reserve update● Neutral
IAMGOLD's news release says it filed the SRK Consulting NI 43-101 technical report supporting the Saramacca initial resource estimate announced Sept 5, 2017. It contains no new figures; it duplicates the filing of the report itself.
