HSBC Downgrades IAMGOLD (IAG) to Underweight
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IAMGOLD Corp. (IAG) Prelim. Q4 All-In Sustaining Costs Lower than Expected; Updates on Outlook
January 22, 2015 7:59 AM ESTIAMGOLD Corp. (NYSE: IAG) announces preliminary operating results for 2014 and guidance for 2015.
IAMGOLD's President and CEO, Steve Letwin said, "Our operating results in 2014 underscore our commitment to operational excellence. Production climbed steadily throughout the year, with production at Essakane growing 33% and Westwood successfully ramping up commercial production. We ended the year a much more efficient and productive company, reflecting the successful implementation of cost reduction initiatives by our sites and the restructuring of our corporate office. All-in sustaining costs, which declined in each consecutive quarter, were better than the lower end of our... More
