Monday, April 28, 2025

Latest

IAMGOLD Sees Fatality Occur At Essakane Operation

IAMGOLD (TSX: IMG) has lost an employee at its Essakane mine, found in Burkina Faso, following an off-site accident that occurred earlier this week. The employee reportedly passed away on Tuesday from injuries sustained.

The death of the employee reportedly occurred during the hoisting of mobile equipment, with further details not released. The company is reportedly conducting an investigation into the matter.

The incident follows a series of security events that occurred late last year at the mine, when convoys of employees being transported to the mine were attacked. The first incident, which occurred in September, resulted in a police officer sustaining injuries. The second, which occurred a month later, saw three buses attacked and two individuals go missing, who were located safely days later.

READ: BMO Cuts IAMGOLD’s Price Target On Rosebel Mine Divesture

Essakane is IAMGOLD’s largest operating mine, producing 334,000 ounces year to date, with full year guidance calling for production of 410,000 to 430,000 ounces. The mine is majority owned by the company, with Burkina Faso owning a 10% stake in the operation.

IAMGOLD last traded at $2.64 on the TSX.


Information for this briefing was found via Edgar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Bell Q3 Earnings: Massive Impairments. Guidance Cuts. A Mess.

Alamos Gold Q3: Record Revenue & Production Amid Rising Costs

The Junior Mining Market Is Back

Recommended

Germany Looks To Modernize Military Recruitment But Stops Short of Conscription

First Majestic Silver Posts Topline Revenue Of $146.1 Million In Q3 2024

Related News

IAMGOLD Drills 19 Meters At 5.15 g/t Gold In Nelligan Project

IAMGOLD Corporation (TSX: IMG) has released new assay results from its 2024 drilling program at...

Wednesday, October 23, 2024, 08:46:00 AM

IAMGOLD Sees Executives Continue To Depart Company

The management exodus for IAMGOLD (TSX: IMG) continued late on Friday. The firm has seemingly...

Monday, October 3, 2022, 08:36:25 AM

IAMGOLD Halts Production At Westwood Mine Following Seismic Event

IAMGOLD Corp (TSX: IMG) early this morning announced that production at its Westwood Underground mine...

Monday, November 2, 2020, 08:58:08 AM

IAMGOLD: BMO Lowers Price Target After Disappointing Guidance

On January 12th, IAMGOLD Corp (TSX: IMG) announced its preliminary 2021 operational results and 2022...

Friday, January 14, 2022, 03:36:00 PM

BMO: IAMGOLD Has A Funding Gap

Last week, IAMGOLD Corporation (TSX: IMG) reported its second-quarter results. The company said it produced...

Sunday, August 7, 2022, 05:03:00 PM