The Conversation (0)
IAMGOLD Corp. (TSX:IMG,NYSE:IAG) announced that employees at its Suriname-based Rosebel gold mine have ended an illegal strike that started at the end of last week.
IAMGOLD Corp. (TSX:IMG,NYSE:IAG) announced that employees at its Suriname-based Rosebel gold mine have ended an illegal strike that started at the end of last week.
As quoted in the press release:
Rosebel lost approximately 9,000 of attributable gold production and $9.4 million of revenue due to the strike.
Rosebel can now move ahead to complete the process laying off 160 or approximately 10% of its employees as necessitated by the decline in the gold price.  Over 90 employees have already voluntarily accepted the offer.
Rosebel is expected to produce in excess of 280,000 attributable ounces in 2015, which combined with the planned production from the Company’s other mines should result in IAMGOLD meeting its expected production guidance of between 780,000 and 815,000 attributable ounces of gold.
Click here to read the full IAMGOLD Corp. (TSX:IMG,NYSE:IAG) press release.