IAMGOLD (IAG -10%) shares sink after 2012 gold production of 830K oz. came in below the low end...

|About: IAMGOLD Corporation (IAG)|By:, SA News Editor

IAMGOLD (IAG -10%) shares sink after 2012 gold production of 830K oz. came in below the low end of its 840K-910K oz. guidance range. Clarus Securities cuts IAG to Hold from Buy, foreseeing risks with the commissioning of Westwood, optimizing Cote Gold and a "huge capex commitment... to maintain production levels that could impact [IAG]’s balance sheet and prevent it from undertaking other growth objectives."