Silence is deafening at the IAMGOLD Head-Office in TorontoThe silence is deafening at the IAMGOLD Head-Office in Toronto. I’ve spent a lifetime working in the mining business at the managerial level and what I’m observing with the Interim President and CEO along with the entire board is abysmal to say the least. We the shareholders all understand the complexity of the business from both an operational and project development standpoint, in addition to the need to actively investigate financing measures and seek to resolve the Company’s serious liquidity problem, Identifying these concerns is great but what the hell are you executives going to do about them! It took me a decade to get rid of the previous BOD. The shareholders will not accept poor performance and complacency; we have already been down this road. We need results!!
Some shareholders are expressing their doubt about the Cote Gold Mine going ahead? It’s not enough to appoint an Interim President and CEO along with a new Board of Directors and to listen about what the problems are and not walk the talk…
From what I can see, there does not appear to be any hurry to hire a new President and CEO, everyone seems to be happy with their roles so why upset the apple-cart and agitate shareholders who appear to be buying the spiel of the Interim President and CEO. You should be searching for a solution of managing the construction costs and the out-of-control operating costs. As you aptly say, “I am confident we will address these near-term challenges and we remain fully focused on our goal of becoming a leading high-margin gold producer." It’s time for some action, talk is cheap, let’s make it happen instead of talking about it!!! I’m a disgruntled shareholder and many others share the same sentiment. This is your wake-up call.