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News from Suriname as of
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Exploration at Suriname gold mine on schedule, says Canadian company
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| Published on Tuesday, October 20, 2009 | Email To Friend Print Version
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PARAMARIBO, Suriname (Reuters) -- Canada's Iamgold Corp said its exploration program at Rosebel mine in Suriname was on schedule, and it expects to increase reserves and resources at the South American mine by the year end.
The company -- which raised its 2009 gold production forecast in June, partly on increasing productivity from Rosebel -- plans to spend about $56 million on exploration, this year.
About $34 million will be spent for greenfield exploration initiatives, the company added.
The company has over a dozen mines, exploration projects and development projects spread across North America, South America and Africa and expects to produce between 910,000 ounces to 920,000 ounces of gold this year. | | | | Reads : 563 | | | |
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