IAMGOLD's Rosebel Gold Mine Resumes Operation
TORONTO, ONTARIO -- (Marketwire) -- 08/03/11 -- IAMGOLD Corporation (TSX: IMG)(NYSE: IAG)(BOTSWANA: IAMGOLD) ('IAMGOLD' or the 'Company') announced that a 36-hour work stoppage of the mill at the Company's Rosebel Gold Mine in Suriname ended this morning when agreement was reached with regard to a possible change in shift scheduling. The Company and union have committed to continue to meet, starting immediately, to resolve all outstanding issues. Rosebel has resumed operation and is on target to meet its 2011 production guidance of between 360,000 and 380,000 ounces of gold.
About IAMGOLD
IAMGOLD (www.iamgold.com) is a leading mid-tier gold mining company producing approximately one million ounces annually from six gold mines (including current joint ventures) on 3 continents. IAMGOLD is uniquely positioned with a strong financial position and extensive management and operational expertise. To grow from this strong base, IAMGOLD has a pipeline of development and exploration projects and continues to assess accretive acquisition opportunities. IAMGOLD's growth plans are strategically focused in West Africa, select countries in South America and regions of Canada. IAMGOLD also operates Niobec, a niobium mine in the Canadian province of Quebec.
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Contacts:
IAMGOLD Corporation
Bob Tait
VP Investor Relations
(416) 360-4743 or Mobile: (647) 403-5520