Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
IAMGOLD (NYSE: IAG) (TSX: IMG) announced Friday that the company deeply regrets to report the death of an employee on Tuesday as a result of injuries sustained in an off-site accident in northeastern Burkina Faso.
The accident occurred when IAMGOLD team members were assisting with the hoisting of mobile equipment. An investigation into the incident has been initiated by the company it said it is working with local authorities.
“On behalf of IAMGOLD, we extend our sincerest sympathies and support to our colleague’s family, friends and co-workers,” Maryse Bélanger, Chair interim CEO said in a media statement.
IAMGOLD said it is working to ensure those impacted in this accident will receive the necessary support, counselling and assistance during this difficult time.
Essakane operations continue, with plans for safety stand-downs to reflect on the loss and reinforce the commitment to Zero Harm and safety best practices, the company said.
