IAMGOLD Sees Executives Continue To Depart Company

The management exodus for IAMGOLD (TSX: IMG) continued late on Friday. The firm has seemingly lost a director this time, as members of management continue to distance themselves from the firm.

Deborah Starkman was the latest such executive to depart the company, with the announcement on Friday that is resigning so as to be able to focus on other professional commitments. Starkman had been in the role for nearly two years, after first joining the company in December 2020. Starkman is presently the Chief Financial Officer of Dream Unlimited Corp. (TSX: DRM).

A replacement for her role has yet to be named, with a new search said to be underway.

The departure follows several recent departures from the company, including Chief Financial Officer Daniella Dimitrov, whom resigned in mid-September, as well as the departure of CEO Gordon Stothart in January. The company presently has interim persons acting in the role of both CEO and CFO, at a critical time where the firm has to focus on managing costs for its Cote Project which has been faced with endless overruns.

And if that wasn’t enough, the company is also now forced to ensure stability at its Essakane Mine in Burkina Faso, where over the weekend the company was faced with yet another military coup. The firm this morning reported that it is “monitoring the situation,” however as of yet there has been no impact to its operations.

IAMGOLD last traded at $1.49 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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