03:45 PM EST - IAMGOLD Corporation : announced that the company has started a process to reduce by 10% the number of employees at its Rosebel Gold Mines in Suriname. Over the past two years IAMGOLD has reduced overall costs by approximately $175 million and improved productivity at its mines, resulting in a drop of the Company's all-in sustaining costs at its gold mines by $120 per ounce since Q2 2013. The current gold price environment requires Rosebel to initiate further action and adjust the size of its employee base accordingly. IAMGOLD Corporation
shares T.IMG are trading down $0.14 at $2.42.