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Iamgold reports work stoppage at Rosebel mine

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(Kitco News) - Iamgold Corp. (TSX: IMG; NYSE: IAG) has suspended operations at its Rosebel Gold Mine in Suriname in a dispute with the union over COVID-19 protocol, the company announced late Tuesday.

The company said seven personnel at the mine have been diagnosed with COVID-19, the first time positive cases that have been reported at Rosebel. The individuals have been quarantined and are receiving medical care, while disinfection of their living quarters and work areas, along with contact tracing, are occurring, Iamgold said.

Iamgold said it has undertaken a number of safety and health measures, including social distancing, sanitation, a reduction of the on-site workforce to essential services only and additional buses and medical personnel. Nevertheless, the union has used one of the measures as a basis for a work stoppage, Iamgold said.

As a result, “we are suspending operations until the appropriate controls are in place to protect the safety of all employees,” Iamgold said in a prepared statement. The company added that management “is actively taking steps to resolve the situation.”

Iamgold’s website shows that the mine was expected to produce between 245,000 and 265,000 ounces of gold this year.

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