Iamgold trims 2015 output forecast over earthquake disruption at Quebec mine – Mining.com

June 29, 2015

Canadian bullion producer Iamgold Corp. (TSX IMG), (NYSE: IAG) slashed its 2015 production forecast Monday over an earthquake last month that disrupted operations at its Westwood mine in Quebec.

The Toronto-based company, however, said it remains confident in the long-term viability of the mine, expected to produce 60,000 to 75,000 ounces in the year ending December, nearly half its previous forecast of 110,000 to 130,000 ounces.

“We and the other companies mining underground in the region know that this district is prone to seismic activity and we are taking the necessary measures to keep our excellent safety record intact,” president and CEO Steve Letwin said in a statement.

“Westwood is still in its infancy and similar to mines in the area, we expect it to have growing pains as we gain operational experience in this mining environment.”

Read More: http://www.mining.com/iamgold-trims-2015-output-forecast-over-earthquake-disruption-at-quebec-mine/