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IAMGOLD is a leading, mid-tier gold mining
company, producing approximately one million
ounces of gold annually from eight mines in
West Africa, South America and Canada. The
Company's niobium mine in Canada produces
4.4 million kilograms of
niobium annually.
The Company is focused on expanding the
production potential of its core portfolio of
world-class, long-life, low-cost assets –
Rosebel, Essakane, Westwood and Niobec –
and advancing a number of attractive
exploration and development projects.
In 2011, IAMGOLD is targeting a 14% to 24%
increase in attributable gold production to
1.1 million to 1.2 million ounces at an average
cash cost of between $565 and $595 per
ounce. In 2011, the Niobec mine in the
province of Quebec is expected to produce
between 4.5 million and 5.0 million kilograms
of niobium, with an operating margin of
between $15 and $17 per kilogram. |
|
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| Mine |
Operator |
Location |
IAMGOLD
Ownership |
2010
Attributable
Production
|
| Rosebel |
IAMGOLD |
Suriname |
95% |
395,000 |
| Essakane |
IAMGOLD |
Burkina Faso |
90% |
122,000 |
| Mupane |
IAMGOLD |
Botswana |
100% |
57,000 |
| Mouska |
IAMGOLD |
Canada |
100% |
33,000 |
| Sadiola |
AngloGold |
Mali |
41% |
118,000 |
| Yatela |
AngloGold |
Mali |
40% |
60,000 |
| Tarkwa |
Gold Fields |
Ghana |
18.9% |
139,000 |
| Damang |
Gold Fields |
Ghana |
18.9% |
43,000 |
| Niobec |
IAMGOLD |
Canada |
100% |
4.4* |
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|
 |
| |
2010 |
2009 |
2008 |
| Production |
|
|
|
| Attributable gold production (ounces) |
967,000 |
939,000 |
997,000 |
| Average realized gold price ($/oz) |
1,252 |
960 |
885 |
| Cash cost1 ($/oz) |
574 |
461 |
459 |
| Niobium production (millions of kg) |
4.4 |
4.1 |
4.4 |
| Niobium margin ($/kg) |
18 |
20 |
19 |
| Financial |
|
|
|
| Net earnings (loss) ($ millions) |
279.8 |
114.1 |
(9.9) |
| Adjusted net earnings1 ($ millions) |
285.7 |
170.0 |
107.8 |
| Adjusted net earnings1 ($/share) |
0.77 |
0.48 |
0.36 |
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Reserves and Resources Summary
In 2010, reserve replacement again outpaced
depletion through mining and processing. Total
proven and probable gold reserves increased by
13%, while total proven and probable niobium
reserves increased by 34%. |
|
 |
Attributable Contained Ounces of Gold (000) |
| |
Dec. 31, 2010 |
Dec. 31, 2009 |
| Total proven and probable reserves |
16,431 |
14,508 |
| Total measured and indicated resources (includes mineral reserves) |
21,419 |
19,851 |
| Total inferred resources |
8,032 |
8,890 |
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Contained Nb2O5 (million kg) |
| |
Dec. 31, 2010 |
Dec. 31, 2009 |
| Total proven and probable reserves |
243.8 |
181.3 |
| Total measured and indicated resources (includes mineral reserves) |
243.8 |
181.3 |
| Total inferred resources |
316.3 |
219.1 |
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All monetary amounts in this report are expressed in US dollars unless otherwise indicated. |
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