It is an open pit mine, with heap leach processing, along the Gorouol River near the town of Falagountou and the border with Niger.

[8] In the Abitibi Municipality of Quebec, Iamgold acquired the Doyon Division mining property with its 2006 acquisition of Cambior.

The ore from the open pit mine is processing at the refurbished Doyon mill using the carbon in pulp method.

[21] The company incurred a court-ordered $1.7 million fine, payable to Kinbauri Gold for withdrawing from a merger agreement.

[24] After moving its headquarters from Markham to Toronto, the directors and CEOs of Iamgold and Wheaton River Minerals Ltd. agreed to a merger deal that would create a new company to be called Axiom Gold, valued at about $2.9 billion in 2004.

BMO Nesbitt Burns and CIBC World Markets organized competing offers, Golden Star Resources Ltd. to acquire Iamgold for $1.2-billion and Coeur d'Alene Mines Corp. to acquire Wheaton River for $2.56 billion, whose rejection by the Iamgold and Wheaton River board of directors was fought in court.

The company fared well during the 2008 recession with its stock falling from $8 per share at the beginning of the year to bottoming out at $4 in October and peaking again at $20 by November 2009.

In the same timeframe, they initiated plans to develop the Westwood mine using the Doyon property and acquired Orezone Resources Inc. and its Essakane Project in Burkina Faso.

[37] Looking towards future projects, Iamgold purchased Merrex Gold and its Siribaya-Diakha exploration property in Mali.