Form 6-K IAMGOLD CORP For: Apr 26
FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
Date: April 26, 2016
Commission File Number 001-31528
IAMGOLD Corporation (Translation of registrant's name into English) |
401 Bay Street Suite 3200, PO Box 153 |
Toronto, Ontario, Canada M5H 2Y4 |
Tel: (416) 360-4710 (Address of principal executive offices) |
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F | o | Form 40-F | x |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders. |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR. |
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes | ☐ | No | ☒ |
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________
Description of Exhibit
Exhibit | Description of Exhibit | |
99.1 | News Release Dated April 26, 2016 - IAMGOLD secures an additional commitment of C$50 million to its existing credit facility |
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
IAMGOLD CORPORATION | ||
Date: April 26, 2016 | By: | /s/ Tim Bradburn |
Tim Bradburn | ||
Vice President, Legal and Corporate Secretary |
Exhibit 99.1
IAMGOLD secures an additional commitment of C$50 million to its existing credit facility
TORONTO, April 26, 2016 /CNW/ - IAMGOLD Corporation ("IAMGOLD" or the "Company") today announced that Ressources Québec, a subsidiary of Investissement Québec, has joined IAMGOLD's revolving credit facility bringing an additional commitment of C$50 million or US$38 million. The facility, led by National Bank of Canada and Deutsche Bank, now totals US$138 million and matures in February 2020. The Company maintains the potential to increase the total credit facility to US$250 million on the same terms already agreed to with the existing lenders.
"We are pleased to have Ressources Québec join the facility and bring additional liquidity to our already strong balance sheet," said IAMGOLD's EVP and Chief Financial Officer, Carol Banducci. "The Company has a substantial cash balance and the credit facility provides excess liquidity.
"The inclusion of Ressources Québec in the facility speaks to our commitment in the province of Quebec and our shared confidence in the ramp up of our Westwood mine. We are builidng on more than 30 years of our mining history in the Abitibi region to produce gold and provide benefits to the local community for at least 20 more years."
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
All information included in this news release, including any information as to the Company's future financial or operating performance
constitute forward looking information or forward-looking statements and are based on expectations, estimates and projections as
of the date of this news release. For example, forward-looking statements contained in this news release include, without limitation,
statements with respect to: the Company's guidance for production, capital expenditures, operations outlook, the future price of
gold, the timing and amount of estimated future production, costs of production, currency fluctuations or requirements for additional
capital. Forward-looking statements are provided for the purpose of providing information about management's current expectations
and plans relating to the future. Forward-looking statements are generally identifiable by, but are not limited to the use of the
words "will", "outlook" or "expect" or the negative of these words or other variations on these words
or comparable terminology. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while
considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and
contingencies. The Company cautions the reader that reliance on such forward-looking statements involve risks, uncertainties and
other factors that may cause the actual financial results, performance or achievements of IAMGOLD to be materially different from
the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements, and
the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include,
but are not limited to, changes in the global prices for gold or certain other commodities; changes in U.S. dollar and other currency
exchange rates, interest rates or gold lease rates; risks arising from holding derivative instruments; the level of liquidity and
capital resources; access to capital markets, and financing; mining tax regimes; ability to successfully integrate acquired assets;
legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical
difficulties in connection with mining or development activities; availability and increasing costs associated with mining inputs
and labour; adverse changes in the Company's credit rating and the risks involved in the exploration, development and mining business.
The capital expenditures and time required to develop new mines or other projects are considerable, and changes in the price of
gold, costs or construction schedules can affect project economics. Actual costs and economic returns may differ materially from
IAMGOLD's estimates or IAMGOLD could fail to obtain the governmental approvals necessary for the operation of a project; in either
case, the project may not proceed, either on its original timing or at all.
For a more comprehensive discussion of the risks faced by the Company, and which may cause the actual financial results, performance or achievements of IAMGOLD to be materially different from the company's estimated future results, performance or achievements expressed or implied by forward-looking information or forward-looking statements, please refer to the Company's latest Annual Information Form, filed with Canadian securities regulatory authorities at www.sedar.com, and filed under Form 40-F with the United States Securities Exchange Commission at www.sec.gov/edgar.shtml. The risks described in the Annual Information Form (filed and viewable on www.sedar.com and www.sec.gov/edgar.shtml, and available upon request from the Company) are hereby incorporated by reference into this news release.
The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as required by applicable law.
About IAMGOLD
IAMGOLD (www.iamgold.com) is a mid-tier mining company with four operating gold mines on three continents. A solid base of strategic
assets in North and South America and West Africa is complemented by development and exploration projects and continued assessment
of accretive acquisition opportunities. IAMGOLD is in a strong financial position with extensive management and operational
expertise.
Please note:
This entire news release may be accessed via fax, e-mail, IAMGOLD's website at www.iamgold.com and through CNW Group's website
at www.newswire.ca. All material information on IAMGOLD can be found at www.sedar.com or at www.sec.gov.
Si vous désirez obtenir la version française de ce communiqué, veuillez consulter le http://www.iamgold.com/French/accueil/default.aspx.
SOURCE IAMGOLD Corporation
%CIK: 0001203464
For further information: Bob Tait, VP Investor Relations, Tel: (416) 360-4743, Mobile: (647) 403-5520; Laura Young, Director Investor Relations, Tel: (416) 933-4952, Mobile: (416) 670-3815; IAMGOLD Corporation, Toll-free: 1 888 464-9999, [email protected]
CO: IAMGOLD Corporation
CNW 17:05e 26-APR-16
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