Iamgold Reports End Of Strike At Its Rosebel Gold Mine In Suriname

(RTTNews) - Iamgold Corp. (IMG.TO, IAG) said that employees at its Rosebel Gold Mine in Suriname ended their strike at the end of last week and the mine has resumed production. 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.