New projects are a plus for these golds

Article Excerpt

IAMGOLD $12 (Toronto symbol IMG; SI Rating: Speculative) (1-888-464-9999; www.iamgold.com; Shares outstanding: 367.2 million; Market cap: $4.4 billion) has interests in seven operating gold mines: 100% of the Mupane mine in Botswana; 38% of the Sadiola mine and 40% of the Yatela mine, both located in Mali; 18.9% interests in both the Tarkwa and Damang mines in Ghana; 100% of the Doyon mine in Quebec; and 100% of the Rosebel mine in Suriname, South America. IAMGold also owns the Niobec niobium mine in Quebec, and has a 1% royalty interest in the Diavik diamond mine in the Northwest Territories. In the three months ended March 31, 2009, IAMGold reported a 15% fall in cash flow per share, to $0.17 from $0.20. (All figures except share price and market cap in U.S. dollars.) Revenue fell 10.3%, to $188.6 million from $208.2 million. Production fell 9.4% in the latest quarter, to 212,000 ounces from 234,000 ounces. The drop was mainly because IAMGold exhausted the reserves…