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Tuesday, November 11, 2014 8:31:31 AM
"Iamgold Corp cuts executive team by nearly half amid gold price plunge"
Reuters | November 10, 2014 6:02 PM ET
"Iamgold Corp said on Monday it is shrinking its executive team by 40% and taking other cost-cutting steps as the mid-sized gold miner and its peers reel from a 40% slump in the price of bullion over the past three years.
Toronto-based Iamgold, which is among the highest-cost gold producers in the world, said that three senior vice-presidents, including its heads of project and corporate development, will be leaving the company...."
Hope they do NOT need to overly trim the SAN GOLD & Kerr execs over the next few months.
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