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Iamgold lifts gold reserves 86% as exploration investments pay off

Creamer Media Deputy Editor: North America
TSX- and NSYE-listed miner Iamgold has made significant gains to its reserve base in 2017, lifting it 86% after accounting for depletion. "In 2017, we were able to crystallise significant gains in reserve ounces within the company, carrying on from our great work in 2016 to advance our high potential targets through both exploration successes and improved cost performance. All of our owner-operated mines reported year-on-year increases in reserves after depletion, demonstrating the strength of our core operations," president and CEO Steve Letwin said in a news release on Tuesday.

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