Iamgold reports 2019 production results and names new CEO

Canadian gold miner Iamgold on Thursday reported "solid" production results and named a new CEO, following Stephen Letwin’s decision to retire after a decade at the helm of the mid-tier mining company.

Gordon Stothart, currently president and COO, would succeed Letwin as president and CEO and would join the board on March 1. Iamgold produced 762 000 ounces of gold in 2019, which was just short of the low end of the group’s guidance of 765 000 ounces to 810 000 ounces. Fourth quarter production was 192 000 ounces.