From the globe and mail:
Iamgold Takes Aim at the Gold Mining Big Leagues
Steve Letwin, chief executive officer of midtier gold miner Iamgold Corp.(12.660.151.20%), practically rubs his hands in glee as he talks about plans to propel the company into the major leagues in as little as five years.
With his Toronto-based company sitting on $1.4-billion in cash and with zero debt on the balance sheets, Mr. Letwin lays out a plan to nearly double production by 2017 from the current 850,000 ounces, with most of that to come from acquisitions, including one in coming months that will likely be worth between $400-million and $500-million.
Stockhouse.com: Taking
it to the street
