IAMGOLD Intends to Trim Costs by $100 Million a Year

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.