IAMGOLD Sees Fatality Occur At Essakane Operation

IAMGOLD (TSX: IMG) has lost an employee at its Essakane mine, found in Burkina Faso, following an off-site accident that occurred earlier this week. The employee reportedly passed away on Tuesday from injuries sustained.

The death of the employee reportedly occurred during the hoisting of mobile equipment, with further details not released. The company is reportedly conducting an investigation into the matter.

The incident follows a series of security events that occurred late last year at the mine, when convoys of employees being transported to the mine were attacked. The first incident, which occurred in September, resulted in a police officer sustaining injuries. The second, which occurred a month later, saw three buses attacked and two individuals go missing, who were located safely days later.

READ: BMO Cuts IAMGOLD’s Price Target On Rosebel Mine Divesture

Essakane is IAMGOLD’s largest operating mine, producing 334,000 ounces year to date, with full year guidance calling for production of 410,000 to 430,000 ounces. The mine is majority owned by the company, with Burkina Faso owning a 10% stake in the operation.

IAMGOLD last traded at $2.64 on the TSX.

Information for this briefing was found via Edgar and Refinitiv. 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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