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

March 2, 2016

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.

ALL CONTENT ON 'FINANCIALSURVIVALNETWORK.COM' IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. 'FINANCIALSURVIVALNETWORK.COM' ASSUMES ALL INFORMATION TO BE TRUTHFUL AND RELIABLE; HOWEVER, THE CONTENT ON THIS SITE IS PROVIDED WITHOUT ANY WARRANTY, EXPRESS OR IMPLIED. NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, COMMODITIES, OPTIONS, BONDS, PRECIOUS METALS, OR FUTURES. ACTIONS YOU UNDERTAKE AS A CONSEQUENCE OF ANY ANALYSIS, OPINION OR ADVERTISEMENT ON THIS SITE ARE YOUR SOLE RESPONSIBILITY. THANK YOU.