Operations

Ecuador - Quimsacocha, Ecuador

LOCATION:
  Azuay Province, Ecuador, South America
OWNERSHIP:   100% IAMGOLD
PROJECT STATUS:   Pre-feasibility study completed. Final feasibility expected 12
months after work permit approval. Production expected in
early 2012.

GOLD PRODUCTION (E):   202,000 ounces gold per year, plus one million ounces of silver
and 9.3 million pounds of copper
CASH COST (E):   $272 per ounce (excluding royalties and profit sharing)
MINE LIFE (E):   7.5 years
RESERVES & RESOURCES*:  
 Proven and Probable Reserves
Tonnes
(000)
Grade
(g/t)
Contained
Ounces
(000)
8,098 6.5 1,682
 
Measured and Indicated Resources
Tonnes
(000)
Grade
(g/t)
Contained
Ounces
(000)
9,935 6.6 2,107
 
Inferred Resources
Tonnes
(000)
Grade
(g/t)
Contained
Ounces
(000)
299 6.3 61
*As at December 31, 2010. Cautionary Note to U.S. Investors: The United States Securities and Exchange Commission limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce.  IAMGOLD uses certain terms on this website, such as "measured," "indicated," or "inferred," which may not be consistent with the reserve definitions established by the SEC.  U.S. investors are urged to consider closely the disclosure in the IAMGOLD Annual Reports on Forms 40-F.  You can review and obtain copies of these filings from the SEC's website at http://www.sec.gov/edgar.shtml or by contacting the Investor Relations department.
   
MINING & PROCESSING:   Underground, sulphide flotation & pressure oxidation
TECHNICAL REPORT:   Quimsacocha Project, IAMGOLD Technical Services, Feb. 2009
SUSTAINABILITY REPORT
Health, Safety & Sustainability Report 2010