IAMGOLD (IAG) gains on Burkina Faso

IAMGOLD Corporation

shares moved higher 1.8% to $1.96, on providing clarification regarding the vote by the Transitional Assembly on an updated Mining Code in Burkina Faso. While the Code has not yet been formalized into law, it reduces regulatory uncertainty, creates an innovative community development fund, and, importantly, respects clauses in existing Mining Conventions. As a result, IAMGOLD does not expect a material impact on its Essakane Mine, as it has fiscal stability clauses in its existing Mining Convention. Share volume was 114,000, compared to an all-day average of 987,000