Operations

Québec - Westwood, Québec

LOCATION:
  Abitibi region, Québec, Canada
OWNERSHIP:   100% IAMGOLD
PROJECT STATUS:   Preliminary assessment study updated in December 2009.
Shaft sinking underway. Production in early 2013
GOLD PRODUCTION (E):   Average of 186,000 ounces per year
CASH COST (E):   $358 per ounce (based on gold price assumption of $850/ounce and an exchange rate of US$/C$ of $1.15 (December 2009)
MINE LIFE (E):   16 years
RESERVES & RESOURCES*:  
 Measured and Indicated Resources
Tonnes
(000)
Grade
(g/t)
Contained
Ounces
(000)
719 11.6 269
 
Inferred Resources
Tonnes
(000)
Grade
(g/t)
Contained
Ounces
(000)
9,700 11.1 3,467
   
*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; gravity circuit & carbon-in-pulp
TECHNICAL REPORT:   “Technical Report, Westwood Project, Québec, Canada”, Feb. 2009
SUSTAINABILITY REPORT:
Health, Safety & Sustainability Report 2010