IAMGOLD Corporation

COMPANY DATA | CORPORATE PROFILE | NEWS UPDATE | CHINESE　

Address:	220 Bay Street, 5th Floor Toronto, Ontario Canada M5J 2W4
Tel No.:	(416) 360-4710
Fax No.:	(416) 360-4750
Investor Relations Toll Free No.:	1-888-IMG-9999 / 1-888-464-9999
Web Site:	www.iamgold.com
Corporate Email:	info@iamgold.com
Contact Person:	Joanne Jobin
Position:	Director & Investor Relations

COMPANY DATA

Traded Market:	TSX
Traded Symbol:	IMG
Outstanding Shares:	78,318,523
Fully Diluted Shares:	57,159,648
52 Week High:	$ 10.66
52 Week Low:	$ 5.43
Present Price:	Click Here

CORPORATE PROFILE

IAMGOLD Corporation is a Canadian-based mining company that is co-owner of two gold mines (Sadiola Gold Mine - 38%, which it discovered and the Yatela Gold Mine - 40%) in Mali, West Africa. IAMGOLD is conducting active exploration programs in Senegal (West Africa) and in Ecuador, Argentina and Brazil in South America. IAMGOLD has consistently generated profits and positive cash flows since the Sadiola Mine started production in 1997. As a consequence IAMGOLD commenced paying dividends in January 2002.

IAMGOLD believes not only that gold is first and foremost money, but also that it is superior money to any form of fiat currency. IAMGOLD was the first gold company to implement a Gold Money Policy to use gold rather than paper currency as its main form of money. As of June 30, 2002, IAMGOLD's gold money holdings amounted to some 83,084 ounces of gold.

IAMGOLD was also the first gold company to announce its desire to seek the appropriate mechanisms that would allow IAMGOLD shareholders to make the choice as to receiving future dividends in gold or in Canadian dollars. IAMGOLD has thus become the genuine pure gold company: from gold in the ground to gold in the vault without dilution of this pure gold exposure by significant amounts of depreciating fiat paper currencies held as "money".

IAMGOLD believes that the decision by any company as to whether it uses gold or fiat currency as money is a critical one for the gold industry in general. The decision by gold companies to use gold as money clearly enhances gold's price prospects, which is clearly in the interest of gold investors. In contrast, the decision to use fiat currency rather than gold clearly enhances the position of fiat currency, which in effect diminishes gold's price prospects. Gold investors will ultimately decide which approach to gold market development they prefer.

Combined gold production from Sadiola and Yatela in 2001 was 666,995 million ounces of gold, with 256,077 ounces being attributable to IAMGOLD. The average total cash cost was US$146 per ounce. The combined gold production from both mines in 2002 is expected to be 770,000 ounces with 300,000 ounces attributable to IAMGOLD. The average total cash cost in 2002 is expected to be US$159 per ounce.

Consolidated ore reserves at Sadiola and Yatela at the end of December 2001 were 45.8 million tonnes at an average grade of 3.3 g/t of gold for a contained gold content of 150.1 tonnes of gold (4.8 million ounces). 1.9 million ounces are attributable to IAMGOLD. Total measured and indicated resources (which include the reserves) amount to 5.5 million ounces of which some 2.1 million ounces are attributable to IAMGOLD. Total consolidated inferred mineral resources amount to 5.9 million ounces, of which some 2.3 million ounces are attributable to IAMGOLD. Based just on current reserves, Sadiola's operations will continue to 2008 and Yatela's to 2006.

Reserves and resources at and around Sadiola continue to be increased through prospecting for satellite oxide targets in the mine license area and through exploration of the primary sulphide mineralization underlying the current saprolite pit. Based on the 60 boreholes drilled to date into the primary mineralization that underlies the current saprolite open pit operation at Sadiola, a conceptual upside mineralization model was prepared by the mine's geological team. AngloGold's assessment of this model indicated that more than 5 million ounces of gold could be contained down to a depth of 500 metres below surface at an average grade of over 4 g/t (see press release of September 11, 2002 for full details). A fifth phase of drilling comprising some 16,300 metres of diamond drilling has been commenced at Sadiola to confirm the conceptual model.

Exploration at the new Yatela Mine commenced in January 2002 to expand its reserves and resources. IAMGOLD recently released (September 11, 2002) positive drilling results on the Alamoutala prospect at Yetala. Mine design and scheduling studies are underway and it is expected that Alamoutala will contribute production in 2003 or 2004 thereby enhancing Yatela's currently projected production profile.

IAMGOLD also conducts exploration in Africa (Senegal) and in South America (Brazil, Ecuador and Argentina). The Company continues to pursue merger and acquisition opportunities.

As of June 30, 2002, IAMGOLD's consolidated cash and gold bullion position was US$43.5 million, including US$29 million in corporate discretionary cash held mainly in the form of gold.

In October 2001, IAMGOLD joined the TSX 300 index. In December 2001, the Company declared its inaugural annual dividend of Cdn. $0.05 per share.

NEWS UPDATE

On December 05, 2003, IAMGOLD Corporation announced an annual dividend payment of CA$0.06 per share on January 06, 2004 to shareholders of record as of December 18, 2003. This represents a 20% increase in the dividend rate from CA$0.05 per share in 2002 to CA$0.06 per share in 2003.

On November 12, 2003, IAMGOLD Corporation reported the third quarter result. Highlights include:

- Attributable production for the quarter amounted to 103,000 ounces ( YTD 313,000 ounces ) at a cash cost, as defined by the Gold Institute ( "GI " ), of US$221/oz ( YTD US$217/oz ).
- Operating cash flow for the quarter was US$7.7 million ( YTD US$25.6 million ). In addition, loan payments received from the Damang operation totalled US$1.0 million for the quarter ( YTD US$4.9 million ).
- Consolidated cash and gold bullion position at September 30, 2003 stood at US$106.5 million, including US$90.4 million in cash and gold bullion directly held by the Company and its subsidiaries.
- First royalty payment of US$1.0 million received during the quarter from the Company's 1% gross revenue royalty on the Diavik diamond mine.
- 4,000 ounces of gold were purchased during the quarter bringing the Company's total gold bullion holdings to 144,000 ounces with a market value of US$56 million relative to a cost of US$47 million.
- Joint venture agreement signed with Barrick Gold Corporation on the Company's 7,500 sq. km Los Menucos exploration project in Argentina.