IAMGOLD (IAG) Updates on Westwood Mine Event; No Injuries, Production Interruptions Reported

IAMGOLD Corp. (NYSE: IAG) reports that a localized event occurred at the Westwood mine in Quebec during the night of May 26, 2015. No employees were injured and all employees in the mine were evacuated. Nine people were in that area when the event occurred and, once the fallen ground material was removed, were also able to exit the mine safely.

Gold production in the mill was not interrupted as Westwood has sufficient stockpiles and has advanced underground development to the extent that it has many operating underground stopes from which to mine. Mining in the affected area has been suspended until the situation analysis is completed, as worker safety remains the priority. Based on an initial assesment of this event, annual production and cost guidance for Westwood remain unchanged.

The Westwood emergency response team was immediately deployed. Government authorities, including the provincial safety authorities CSST, and local stakeholders have been notified.

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