IAMGOLD REPORTS SECOND QUARTER 2010 RESULTS
For a full explanation of results, the unaudited interim Consolidated Financial Statements, Management Discussion
and Analysis, and mine statistics, please see the Company’s website www.iamgold.com . All amounts are expressed
in US dollars, unless otherwise indicated.
Toronto, Ontario, August 11, 2010 – IAMGOLD Corporation (“IAMGOLD” or the “Company”) today reported its
unaudited interim consolidated financial and operating results for the second quarter ended June 30, 2010.
“The second quarter signaled a significant transition for the Company as we started processing material at our new
Essakane mine in Burkina Faso,” said Peter C. Jones, Interim President & CEO. “The price of gold has remained
strong throughout 2010 and has enabled us to realize healthy margins and maintain an excellent balance sheet,
even with higher cash costs during the second quarter. Higher unit cash costs were mainly the result of temporarily
reduced grades at Rosebel due to heavy rainfall causing a re-sequencing of ore mining in the quarter, a higher waste
stripping ratio and lower grades at the Sadiola and Yatela operations, and higher royalty costs due to a higher
realized gold price. Our revised guidance for 2010 calls for increased gold production and reduced cash cost per
ounce during the second half of the year compared to the first half of 2010.”
SECOND QUARTER 2010 HIGHLIGHTS
Financial Results and Position
Production and Cash Cost
Net earnings totaled $35.7 million ($0.10 per share), a decrease of 19% compared to the second quarter of 2009.
Adjusted net earnings increased 24% to $39.1 million ($0.11 per share ) when compared to the second quarter
of 2009 adjusted net earnings of $31.5 million ($0.09 per share).
Operating cash flow was $51.4 million ($0.14 per share ), an increase of 32% compared to $38.9 million ($0.11
per share) in the second quarter of 2009.