IAMGOLD Sees Chief Financial Officer Exit Company

IAMGOLD Corp (TSX: IMG) continues to churn through members of management in connection with their seemingly endless capital issues. The firm this morning saw Daniella Dimitrov resign from her role as Chief Financial Officer and EVP, Strategy & Corporate Development.

The resignation will see the firms current vice president of finance, Maarten Theunissen, appointed to the role on an interim basis while the company begins the search for a permanent replacement.

Dimitrov is the latest senior member of management to leave the company in recent months. After joining the company in March 2021 in the role of CFO, she took on the role of president and interim CEO in January, following the departure of Gordon Stothart after he helmed the company for little under two years.

Dimitrov held the role of interim CEO for a matter of months, until Chair of the Board Maryse Belanger agreed to step into the role on an interim basis in May, starting at the time, “Given the complexity of the business from both an operational and project development standpoint, in addition to the need to actively investigate financing measures, further management capacity is needed to bridge the gap until a search for a permanent CEO is concluded.”

The company will now be helmed by both an interim CEO, as well as an interim CFO, during a time where the company is looking to manage the costs of completing the construction of the Cote Gold project, while also undergoing a strategic review for its Rosebel mine and its exploration and development assets located abroad. The company is also seemingly seeking additional funding perpetually with costs rising at Cote, with various alternatives currently being examined to enable the firm to see Cote through to completion.

IAMGOLD last traded at $1.60 on the TSX.

Information for this briefing was found via Sedar and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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