Gold miner Iamgold to shrink executive ranks by nearly half

Mon Nov 10, 2014 5:15pm EST
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Nov 10 (Reuters) - Iamgold Corp, a gold miner hit by weaker bullion prices, said on Monday it is shrinking its executive team by 40 percent and taking other cost-cutting steps to improve its performance.

Toronto-based Iamgold said that three senior vice-presidents, including its heads of project and corporate development, will be leaving the company. (Reporting by Nicole Mordant in Vancouver)