11:30 AM EST - IAMGOLD Corp. : announced updated guidance for 2009 production and costs. The company now projects 2009 production of about 940,000 - 950,000 ounces of gold, an increase of 30,000 ounces over its prior guidance issued in June 2009. The company added that this increased 2009 production guidance primarily reflects productivity increases at Rosebel and the extended life of the Doyon mine into Q4 2009. Full-year 2009 cash cost forecast is expected to average between $460 and $470 per ounce, unchanged from its earlier guidance. Full year niobium production from the Niobec mine is expected to be 4,200 - 4,400 tonnes, the company noted. IAMGOLD Corp.
shares T.IMG are trading up $0.31 at $14.80.
