IAMGOLD & partners suspend excavation at Yatela Mine, MaliVery good news IMHO. I'm beginning to like this Mgmt team & BOD. Part of their cost reduction plan I would guess.
The initial planned life of the mine was six years, and thus its closure was planned for 2007 so they've got a whole lot more out of it than planned. They'll also be processing the mines heap leach pads and ore already mined until the end of 2016 so the income stream will continue for a while & the cost to produce should go down considerably. In the grand scheme of things its not a very important holding of theirs with a NAV of only 1.1M of the total 2940.01 TOTAL NAV