IAMGOLD Provides Segmented Information For the Quarter
TORONTO, ONTARIO -- (MARKET WIRE) -- 03/28/08 -- IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX: IMG)(NYSE: IAG)(BOTSWANA: IAMGOLD) provides additional segmented information on its fourth quarter 2007 results.
IAMGOLD Corporation Segmented Information (US$'000 unless otherwise stated) --------------------------------------------------------------------------- Gold Mines Suriname Canada Botswana Mali Ghana Total ---------------------------------------------------------------------------Fourth quarter ended December 31, 2007 Revenues 60,924 39,287 12,081 49,535 - 161,827
Earnings from working interests - - - - 7,872 7,872 Depreciation, depletion and amortization 10,010 10,085 5,811 5,846 - 31,752 Exploration expense (1,473) 87 48 886 - (452) Impairment charges - 5,489 - - - 5,489 Investment income (expense) - - (564) - - (564) Income and mining taxes (recovery) 7,344 (391) - 5,134 - 12,087 Net earnings (loss) 13,576 571 (4,617) 11,835 7,872 29,237 Expenditure for mining assets and capitalized exploration and development 19,504 4,570 248 4,106 - 28,428 ------------------------------------------------------------------- Exploration Total Gold and Mines Non Gold Development Corporate Total -------------------------------------------------------------------Fourth quarter ended December 31, 2007 Revenues 161,827 32,419 - - 194,246 Earnings from working interests 7,872 - - - 7,872 Depreciation, depletion and amortization 31,752 6,051 71 189 38,063 Exploration expenses (452) - 10,918 (726) 9,740 Impairment charges 5,489 - - 414 5,903 Investment income (expense) (564) - 121 2,777 2,334 Interest expense - 10 - 143 153 Income and mining taxes (recovery) 12,087 (1,534) 43 5,589 16,185 Net earnings (loss) 29,237 8,961 (13,856) (15,844) 8,498 Expenditure for mining assets and capitalized exploration and development 28,428 7,262 4,914 - 40,604 --------------------------------------------------------------------------- Gold Mines Suriname Canada Botswana Mali Ghana Total ---------------------------------------------------------------------------Fourth quarter ended December 31, 2006 Revenues 27,025 19,209 12,017 50,090 - 108,341 Earnings from working interests - - - - 6,303 6,303 Depreciation, depletion and amortization 4,220 2,106 4,453 4,231 - 15,010 Exploration expense 242 886 128 3 - 1,259 Interest expense - - - 343 - 343 Income and mining taxes (recovery) 3,127 184 (1,514) 7,876 - 9,673 Net earnings (loss) (1,065) 1,718 (2,440) 18,517 6,303 23,033 Expenditure for mining assets and capitalized exploration and development 5,878 1,762 1,525 2,292 - 11,457 ------------------------------------------------------------------- Exploration Total Gold and Mines Non Gold Development Corporate Total -------------------------------------------------------------------Fourth quarter ended December 31, 2006 Revenues 108,341 12,831 - 78 121,250 Earnings from working interests 6,303 - - - 6,303 Depreciation, depletion and amortization 15,010 4,024 - 195 19,229 Exploration expenses 1,259 - 5,016 1,761 8,036 Impairment charges - - 1,199 183 1,382 Investment income - - 33 881 914 Interest expense 343 16 - 368 727 Income and mining taxes (recovery) 9,673 (266) 383 (441) 9,349 Net earnings from discontinued operations, net of tax - 93 - - 93 Net earnings (loss) 23,033 2,205 (6,712) (9,159) 9,367 Expenditure for mining assets and capitalized exploration and development 11,457 981 3,064 - 15,502 Please note: This entire press release may be accessed via fax, e-mail, IAMGOLD's website at www.iamgold.com and through Marketwire's website at www.marketwire.com. All material information on IAMGOLD can be found at www.sedar.com or at Si vous desirez obtenir la version francaise de ce communique, veuillez consulter le http://www.iamgold.com/fr/accueil.html.
Contacts: IAMGOLD Corporation: Lisa Doddridge Director, Investor Relations (416) 360-4710 or Toll Free: 1-888-IMG-9999 (416) 360-4750 (FAX) Email: info@iamgold.com Website: www.iamgold.com Renmark Financial Communications Inc. John Boidman (514) 939-3989 (514) 939-3717 (FAX) Email: jboidman@renmarkfinancial.com Renmark Financial Communications Inc. Henri Perron (514) 939-3989 (514) 939-3717 (FAX) Email: hperron@renmarkfinancial.com Website: www.renmarkfinancial.com
2008-03-28 16:03:30 0322463 MARKETWIRE
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