IAMGOLD Corporation Annual Report 2010
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IAMGOLD is a leading, mid-tier gold mining company, producing approximately one million ounces of gold annually from eight mines in West Africa, South America and Canada. The Company's niobium mine in Canada produces 4.4 million kilograms of niobium annually.

The Company is focused on expanding the production potential of its core portfolio of world-class, long-life, low-cost assets – Rosebel, Essakane, Westwood and Niobec – and advancing a number of attractive exploration and development projects.

In 2011, IAMGOLD is targeting a 14% to 24% increase in attributable gold production to 1.1 million to 1.2 million ounces at an average cash cost of between $565 and $595 per ounce. In 2011, the Niobec mine in the province of Quebec is expected to produce between 4.5 million and 5.0 million kilograms of niobium, with an operating margin of between $15 and $17 per kilogram.
Mine Operator Location IAMGOLD
Rosebel IAMGOLD Suriname 95% 395,000
Essakane IAMGOLD Burkina Faso 90% 122,000
Mupane IAMGOLD Botswana 100% 57,000
Mouska IAMGOLD Canada 100% 33,000
Sadiola AngloGold Mali 41% 118,000
Yatela AngloGold Mali 40% 60,000
Tarkwa Gold Fields Ghana 18.9% 139,000
Damang Gold Fields Ghana 18.9% 43,000
Niobec IAMGOLD Canada 100% 4.4*
* millions kg of Nb    

  2010 2009 2008
Attributable gold production (ounces) 967,000 939,000 997,000
Average realized gold price ($/oz) 1,252 960 885
Cash cost1 ($/oz) 574 461 459
Niobium production (millions of kg) 4.4 4.1 4.4
Niobium margin ($/kg) 18 20 19
Net earnings (loss) ($ millions) 279.8 114.1 (9.9)
Adjusted net earnings1 ($ millions) 285.7 170.0 107.8
Adjusted net earnings1 ($/share) 0.77 0.48 0.36
1 Non-GAAP mearsures      

Reserves and Resources Summary

In 2010, reserve replacement again outpaced depletion through mining and processing. Total proven and probable gold reserves increased by 13%, while total proven and probable niobium reserves increased by 34%.
Attributable Contained Ounces of Gold (000)
  Dec. 31, 2010 Dec. 31, 2009
Total proven and probable reserves 16,431 14,508
Total measured and indicated resources (includes mineral reserves) 21,419 19,851
Total inferred resources 8,032 8,890

Contained Nb2O5 (million kg)
  Dec. 31, 2010 Dec. 31, 2009
Total proven and probable reserves 243.8 181.3
Total measured and indicated resources (includes mineral reserves) 243.8 181.3
Total inferred resources 316.3 219.1
    All monetary amounts in this report are expressed in US dollars unless otherwise indicated.
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Directors and Officers
Corporate Information
Shareholder Information
Management's Discussion and Analysis
Financial Statements
Excellence in Operations
Excellence in Development
Excellence in Exploration
Excellence in Health, Safety, & Sustainability
Excellence in Human Resources
Excellence in Financial Management
President and CEO's Message
Questions & Answers with Stepehn Letwin
2010 Performance Scorecard
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