‘We Don’t Use Gold Price As Our Hope Strategy’ – IAMGOLD CEO

from Kitco NEWS

IAMGOLD CEO Steve Letwin tells Kitco News that although he is excited about gold’s recent rally, he is not using it as his ‘hope strategy’ for the mid-tier mining company. He will be focused on bringing down costs, he told Daniela Cambone at the BMO Metals & Mining Conference in Florida. ‘We’re going to try to get [AISC] down to $1000,’ he added. Letwin seems more optimistic on gold prices, noting that if the metal breaches $1,275 an ounce, it could easily move to $1400.