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    gold investing

    IAMGOLD Intends to Trim Costs by $100 Million a Year

    Investing News Network
    Mar. 10, 2013 11:59AM PST
    Precious Metals

    Mining Weekly reported that IAMGOLD Corp. (TSX:IMG,NYSE:IAG) has begun a program aimed at cutting its costs by $100 million per year, with one of its goals being to reinforce its strong financial position.

    Mining Weekly reported that IAMGOLD Corp. (TSX:IMG,NYSE:IAG) has begun a program aimed at cutting its costs by $100 million per year, with one of its goals being to reinforce its strong financial position.

    As quoted in the market news:

    The company said it had initiated a programme of cost-cutting initiatives aimed at reducing mine operating costs, exploration expenditures and mine site and corporate general and administrative costs.

    To view the whole Mining Weekly report, click here.

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