Good morning, ladies and gentlemen. Thank you for standing by. Welcome to IAMGOLD Corporation's 2010 third quarter financial results conference call. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. Instructions will be provided at that time for you to queue up for questions. (Operator Instructions) I would like to remind everyone that this conference call is being recorded on Friday, November 5, at 11:00 a.m. Eastern Daily Time. I would now like to turn the call over to Mr. Bob Tait, Vice President, Investor Relations. Please go ahead, sir.

Thank you, welcome to IAMGOLD's third quarter conference call. Earlier today, we published a news release outlining our operating performance and financial results for the second quarter. The accompanied financial statements, notes, and MD&A have been posted to the, and the company's Web site at IAMGOLD.com. Joining me today are Steve Letwin, President and CEO of IAMGOLD; Gordon Stothart, VVP and Chief Operating Officer; Carol Banducci, Executive Vice President and Chief Financial Officer; Mike Donnelly, Senior Vice President, Exploration, and Jeff Snow, Senior Vice President, General Counsel and Corporate Secretary. Please note that management's remarks will include forward-looking statements related to this news release. I'll refer you to the cautionary language regarding forward-looking information in the release and advise you that the same cautionary language apply to our remarks during the call. We have prepared slides, which can be viewed via our Web site, this call is being recorded for playback purposes, and at this time, I'll turn the call over to our president and CEO, Steve Letwin.

Well thank you, Bob, and good morning everybody. As you know, this is my first week as President and CEO of IAMGOLD, and therefore, my first quarterly conference call. And as most of you know, for the last few months, I’ve been eager for this opportunity to lead IAMGOLD. It’s a company with a proven track record of financial and operational success. And as I said to many of you, a company with further potential to grow and become a major gold producer in the industry. In the last few months, I’ve been very engaged, both here and in Denver, and I’ve met with many, but not all of you. As you get to know me, I think you’ll find that my communication style is very forthright, open, and transparent. And I do look forward to meeting all of you over the next couple of months. I believe that positive first impressions are communicated through our actions, and I believe we must deliver what we say we will. During my 30 years of experience in the energy industry, a very highly competitive sector, I’ve cultivated very meaningful relationships that have directly contributed to the achievement of record earnings and cash flow. I’m equally proud of my record in developing a culture of health and safety, and partnering with communities in which I have operated and enhancing the reputation of the companies that I’ve worked for. I bring this experience expertise and leadership to IAMGOLD. While needless to say, it’s been an exciting first five days, and I’ve seen the highs of a record quarter of production, and unfortunately, some of the challenges of an interruption at our new Essakane mine, more of which you’ll hear from Gord in a few minutes. But underlining all of it is a company with…

Thank you, Steve. Turning to the financial highlights, I’d first like to acknowledge the record production of 256,000 physical ounces at [inaudible] in the third quarter. On the gold side, we achieved three important production milestones, including the commencement of commercial production at Essakane. The installation of four additional CIL tanks at Rosebel, two of which were commissioned in Q3, and the initiation of batch processing at Mouska. As expected, cash cost decreased in Q3 largely due to lower cost at Rosebell as we are able to increase the production and access higher grade or after the raining season. Notwithstanding initial production of ramp up impacts, Essakane also contributed to reducing our overall cash cost performance. Our consolidated revenues increased 8% to $254 million from $235 million in the third quarter of 2009, benefiting from an increased gold price. Although we had record production of the quarter, we are not able to convert all these balances into fails, and that impacted revenue, earnings, and operating cash flow in Q3. Production ounces exceeded revenue by 46,000 in Q3 for three reasons. A 23,000 ounce buildup of base load in [inaudible] inventory, as production started up in Essakane and Mouska. 15,000 ounces of poor but not sold ounces from Essakane, and 7,000 ounces of inventory built at Rosebel. We anticipate approximately 20,000 ounces of this production, while materializing sells in Q4 as Essakane normalizes along with the timing of year-end shipments at the other sites. We have benefited from the increased gold price as margins per ounce has increased by over $150 year-over-year to $660. The higher gold prices in the past year has allowed us to maximize the cash contribution from our near end of life mine as we continue to produce lower grade and higher cost ounces. With Essakane and…

Thank you very much, Carol. On August 19, we announced that the Essakane gold mine had achieved commercial production effective as of July 16, 2010. We began to process material in the plant to wet commission circuits in [inaudible], reaching a throughput production and other operational criteria to meet commercial production requirements to the necessary 30 consecutive days to declare a commercial production. Throughput at the Mill is ramping up and averaged over 17,000 tons per day in September with peaks of 23,000 tons per day. The current objective is to average over 24,500 tons per day when processing soft rock in the initial years of the operation. This site produced 47,000 ounces of gold during its first production quarter. Sales were somewhat lower than expected as a result of the timing of shipments and the fact that the operation was still in ramp up phase. We are experiencing normal start up issues at Essakane, and currently have an electrical/mechanical issue with the [inaudible] mill, which has been down since November 1. We are assessing its issue and will have it resolved as quickly as possible. But as the nature and the timing of the resolution of the issue are uncertain, the company’s production guidance for the year has been adjusted downwards, based on the assumption that Essakane will not be operational for a period up to 3 weeks. The company will make an announcement once the issue is resolved, or should it extend beyond the 3 weeks. The total project cost for the initial Essakane construction is now estimated at $455 million compared to our earlier estimate of $443 million. We are waiting for the final bills to come in, and the completion of work on the pressure, which while not official until we start processing hard rock, was…

Thanks, Gordon. We’re committed to growth, and a large component of that growth will be driven by aggressive organic exploration. IAMGOLD exploration efforts remain focused in West Africa, select countries of South America, and in Canada’s provinces Ontario and Quebec. In the third quarter of 2010, IAMGOLD incurred 18.5 million on exploration projects. As the 31% increase from 14.1 million in the third quarter of 2009. The 2010 third quarter expenditures included near-mine exploration and resource development expenditures of 8 million, and that full year program includes Rosebel, where we have an estimated 91,000 meter, $14 million resource expansion, and delineation drilling program at Essakane where we have a 50,000 meter, $9.6 million drill delineation program and Westwood where we are spending 9.5 million for nearly 72,000 meters of exploration and resourcing expansion drilling. Updated resources assessments for these operations and projects, incorporating the results of these drilling efforts will be completed for year-end. Greenfield exploration of 10.5 million conducted at 16 projects including 2 advanced exploration sites, in 11 countries in Africa and the Americas are also part of IAMGOLDs long-term commitment to reserve through [inaudible] and organic growth. At this point, I’ll turn this back to Steve to conclude our remarks.

Thanks Mike, while with a record production, and the initiation of significant development projects at Essakane and Rosebel, and the restart of the plant in Mouska, we’ve accomplished a lot in the third quarter. We’ve also got a serious issue at Essakane which we’ve been front and center about and we are confident that we will overcome, is a normal part of the production ramp up. Now that I’m on board, I’m even more confident about the future of IAMGOLD, let me tell you why. We just reported record production and with Essakane ramping up, we see production rising even higher in the immediate future. We have already begun a feasibility study to look at expanding Essakane. We are doing a feasibility study to look at expanding Sadiola. We have a very robust $87 million exploration program that is giving us confidence about the future potential, particularly near-mine exploration of our key assets at Essakane, Rosebel, and Westwood. The development at work at Westwood is progressing well and on schedule for early 2013, and we have a number of reasons to expect strong cash flow in the fourth quarter. Increasing production in sales from Essakane, [inaudible] and selling the quarter 4 batch production from Mouska, improving recoveries from the gravities circuit in the new leach tank at Rosebel, and benefiting from the backfill project and mill expansion at Niobec and last but not least, a higher gold price. And now, we would be pleased to take your questions, thank you very much.

(Operator Instructions) We do have our first question coming in from Dan Rollins at UBS. Go ahead please. Dan Rollins – UBS Securities : Good morning, Steve, et.al. I was wondering if we could maybe get into the details of the Essakane electrical issues there. Gordon, maybe you could give a little bit more color on what is the actual problem with the mill?

Yes, I’d be happy to do so. The issue with the mill is to do with the variable frequency drive, or VFD, which is the unit that delivers the power to the motor which drives the mill. So it’s basically the connection between our generating station and the mill. We had a power down due to a failure of one of the generators, which happens occasionally earlier this week, and at that time we were able to restart the ball mill with no problem. When we attempted to restart the sag mill, we – the VFD failed to initiate. So currently we’ve gotten in the variable frequency drive, we’re bringing in an expert technician from the manufacturer to help us with the assessment. This is a modular unit. It’s comprised of six modules, five of which are required to operate at full power, but only three of which are required to operate on a reduced-power basis, which is really all we require at this time with softer rock. So it’s an issue with the variable frequency drive. It can be – the module can be repaired [inaudible]. We’re expecting to have to replace a couple of capacitors and byriskers. This is not an issue with either the mill itself or the mill motor, really just the electrical system. Dan Rollins – UBS Securities : Okay. And could you maybe provide an update on where the status of the technician getting there is?

I just received an – we’re looking to get him there this weekend and in the meantime, we’re doing a number of other maintenance projects and are looking at a Plan B to allow us to restart the sag mill on reduced tons using the drive from the ball mill and taking the ball mill offline a Plan B. Obviously, if the technician gets there and it’s a short repair, that won’t be required, but we’d like to be processing rock here. Dan Rollins – UBS Securities : Okay. Sorry, could you just repeat about the ball mill, you said you actually just – was that you’d use the ball mill to process?

No, the – we can’t bypass the sag. The backup plan would be to feed power from the ball mill drive into the sag mill and take the ball mill offline for a period of time. Dan Rollins – UBS Securities : Okay. With the sag down, will you be able to advance any of the prestriping on the pit, or will you sort of hold back on the mining activities?

No. Actually, that was the subject of few emails yesterday. I’m asking the mine to continue to drive downward, looking for some higher-grade rock that they see on the next couple of benches. So no, mining has not stopped in any way, shape or form. The effort will be to try and recoup this period as quickly as possible once we’re up and running. Dan Rollins – UBS Securities : Okay. And just any idea what one of these module units cost to replace in full?

Sorry, Dan, I don’t have that number available. I can – I’ll look into it and get back to you. I believe the full price for the VFD, all six modules combined should be in the neighborhood of $800,000 to $1 million. Dan Rollins – UBS Securities : Okay, great. And just jumping over to Mupane, it’s not a big driver of production but you see the 964 cash costs up from 887 at quarter before and up from 744 year over year. What are you actually – what’s the plan for Mupane? Is it just sort of just let this thing run out and just try to maintain costs or is there an active, you know, real kind of trying to cut the costs here because there is a potential life extension here?

Actually, we are cutting costs at Mupane. The issue on the cash cost has been higher-than-planned striping. Higher-than-planned striping was to expose additional ore that wasn’t within the reserves for this year. So we identified some additional ore. Obviously, at the current metal prices at the end of Like Mine, going after those additional resources is [inaudible]. If I look at the cash from Mupane on a cost-per-ton mine, or cost-per-ton mill basis, we’re actually beating our budget by around 8 to 10% in both of those area year to date. So cash-per-ton of coal produced us up, basically just from additional striping. Dan Rollins – UBS Securities : Okay, great. And just on Rosebel, good increase quarter over quarter, just the normal range. Are you look for another Q4 to be better than Q3?

Definitely. Q4 is definitely in our targets to be a great quarter at Rosebel. The new leach tanks are online now. We’re realizing higher recoveries as well as some gravity circuit modifications that are delivering higher recoveries. The mine is dried out and is accessing higher-grade ore, so very definitely, we’re looking for a big Q4 from Rosebel. Dan Rollins – UBS Securities : Okay because the recoveries I guess in Q3 were 94 – what were you sort of hoping when you bench-scaled this? What did you get with the additional leach tanks and the alterations of the gravity plant?

Well, you know, in justification for the investment to the board, we laid out an increase of 2% recovery on any given type of ore. It’s highly variable depending on where we’re resourcing ore from. With the new tank in place, the data to date is showing that we are exceeding that increase, that planned increase. Dan Rollins – UBS Securities : Great. Well, thanks for answering my questions, Gordon. And gentlemen, have a good day.

Thank you.

And our next question comes in from Steven butler with Canaccord Genuity. Go ahead, Steven. Steven Butler – Canaccord Genuity: Good morning, Steve, et.al. Guys, a question for you, Gord, on Niobec. The throughput there will get up to capacity at what point? Q4 or is it more Q1?

Our expectation is that we will be consistently up to capacity by the end of this quarter. Steven Butler – Canaccord Genuity: Okay. That’s good. And Gordon, your experience, or Denny’s experience, this variable frequency drive issues, have you ever experienced it before? It sounds like it’s obviously a very small price for this equipment. I don’t know, I’m not sure necessarily if one would be available to replace in a timely basis, or obviously the first look at is to see if you can solve the issues, but any comments there?

You know, there’s a lot of things can happen during a start-up period, especially in a remote operation and we’re hardly happy with the event. That being said, you know, in a normal course of events, these kind of things do happen. Obviously we’ll get into the root cause analysis and how to prevent it in the future, we’ll look at a number of different options including having the appropriate spares in place, having backup plans that allow us to continue processing this at reduced rates. Obviously, some additional training of both our own technicians and our own operators as well as probably looking into arrangements with the suppler to have help available on short notice. Steven Butler – Canaccord Genuity: Is your estimate, Gord, of three weeks inclusive of the five days already that – five or six days now that it’s been down?

Yes, yes it does. Steven Butler – Canaccord Genuity: And your estimate of three weeks is based on discussions with the resource supplier in terms of their troubleshooting from the phone line as to the ability to get this issue solved?

I mean, the estimate of three weeks is based on a conservative evaluation of what could go wrong. We’re obviously – if we can get it up and running sooner, we will. Steven Butler – Canaccord Genuity: Okay, Gord, thanks very much.

Thanks, Steve.

Okay, our next question is from Josh Wolfson at Stifel, Nicolaus & Company. Go ahead, Josh. Josh Wolfson – Stifel, Nicolaus & Company: Hi. Thanks for taking my question. Just based on the scoping results you talked about for the Essakane expansion. Could you give some further details on what the CapEx would be, or what the potential is for reserve additions?

You’re sort of pushing me beyond what disclosure allows me to talk about. What I can say is we’ve seen positive results from the drilling we’ve done year to date. We – for the purposes of the concept study, you know, we assumed conversion of improved resources to viable reserves, and we have assumed some reasonable expansion to the existing ore body. I would invite you to look at our resource statement and add the improved resources into your thinking and perhaps a little bit more than that. And that’s what the concept study was based on. Capital costs, we’re effectively talking about a doubling of the mill plus some additional mining capacity. It doesn’t mean that I’m talking about a doubling of the 455 million capital expenditure, but certainly a significant portion of that. You know, until we get into some further studies, and in fact, until we analyze whether a doubling is the appropriate size or perhaps even something bigger, we’re not really prepared to be talking too much about capital. But I point to what we spent before with some sort of a reasonable proportion of that. Josh Wolfson – Stifel, Nicolaus & Company: Okay. Sounds good. And then just on Yatela and Mupane, what sort of mine lives are you expecting for them?

Well, we’ll talk about Mupane first. The current mine life with the current reserve pushes us into 2012. As I said, we did identify some additional resources this year that prompted us to strip a little bit more. We’re not looking for major extensions beyond 2012 at Mupane. Moving to Yatela, Yatela was supposed to be closed last year. So we’re already working on additional ore detail. And the stuff we are currently mine at Yatela wasn’t even in resources at the end of last year. So we’re not looking for a huge light there. There is some interesting expiration potential. We had some good news, at least technical success with the drilling we’ve been doing there, but I would sort of reserve any comments about Yatela until the end of this year when we come forth with new reserves and resources. Josh Wolfson – Stifel, Nicolaus & Company: That sounds good. And then last question, just for now back in 2011, any sort of idea what throughput you’re expecting there for production?

Looking ahead at 2011 for Niobec as a throughput should be in the order of about 2.1 million tons if you take the 260 tons per hour and roll it out and apply availability factors. The next couple of years are heavy development periods, so you’re not going to see a 24% increase in Niobec for the output for a couple of years while we process lower-grade development ore. But certainly, it will pick up from current levels. Josh Wolfson – Stifel, Nicolaus & Company: Great. Thanks so much for taking my questions, Gord.

Thanks.

Okay, our next question is from Don MacLean at Paradigm Capital. Go ahead, Don. Don MacLean – Paradigm Capital : Good morning, guys. And Steve, all the best to you as you pick up the reigns in this. I just wanted to ask about the Essakane cost. The did – that was pretty respectable for a start-up and maybe this one is to Carol. Does it reflect the full operating costs in the quarter, Carol, or is there maybe some carryover of things that, you know, in the construction phase?

No, it doesn’t reflect any carryover, it’s the full operating costs for the quarter, Don. Don MacLean – Paradigm Capital : Okay, terrific. And then maybe a few for Gord here. You know, we’ve talked about the quarter; how did October go before you ran into this electrical problem, Gord?

We’re just getting sort of the primary – the preliminary reports. October for Essakane was a very good month production wise. They met their forecast, met their budget and we were on track on ramping up the mill grades as well. I don’t have the financial information yet, that will come out probably on Monday, or come to us on Monday. But our expectation, given the gold production is positive with respect to cost. Also within the circuit, we continue to draw down the process inventory. We got the sales that we were looking for to the refinery, so October at Essakane was certainly a very positive month. Beyond that, what we see for the remaining two months, obviously once we get around this VFD issue is the primary crusher and stacking system is ready to be commissioned. We’re making some modifications to the tailing bumping system and we’re really looking toward improvement, both in throughput and in availability. Throughput with the tailing bump and availability of avoiding problems with oversize rock once the primary crusher’s on line. So for the remainder of the year, once we get it back up and running, we’re going to be hitting – hitting Essakane very hard. Don MacLean – Paradigm Capital : Maybe without getting into the financial side, can you share with us what the production looked like in October and what the mill availability was like?

I’m getting people – I’m getting some dagger stares. I’d love to share it with you. I’d say it’s positive. Don MacLean – Paradigm Capital : Okay. Well, then maybe we’ll move to another simple question. Is the VFD such a unique piece of equipment on this that it would have to be remade, or are there replacement modules?

There are replacement modules. As I described, it’s actually a modular unit and we don’t need all six modules operating in order to operate the drive. We can do it with as few as three. We can – I mean, they’re not an abundant unit. They’re – we can get spares but not on short notice. We’re currently obviously working the source, availability of spares and spare parts both from the production line and from other users of this equipment. As well, we had a spare on order from a couple of months ago, a spare module that is and that is in [inaudible], it’s like by coincident it arrived this week. So that’s going up to the site. It’s a brand new unit, which had been ordered as a spare. Don MacLean – Paradigm Capital : Great, okay. And then just on Rosebel, grade is going to be picking up you were saying. Can you give us a rough sense, you know, percentage wise or gram per ton wise what that might look like? And then maybe the sustainability of that through next year, especially the rainy season?

I’ll answer the first question. The grades are scheduled to pick up probably three or four percent above what we realized in Q3 at Rosebel. For next year, we’re in the middle of our budgeting process and going around and round. You know, looking at the life-of-mine grades for Rosebel, I’m not really expecting any increases in grades for next year. What I can say, I was at Rosebel three weeks ago for a budget review, is even though they’re just completing the end of a rather rough rainy season for them, a lot of the discussions I had with the mine department and the production people were around the steps that they’re already putting in place, such that they never experience the rainy season downtime as they experienced this year regardless of how much rain comes. Don MacLean – Paradigm Capital : Terrific. Okay, thank you.

Okay. Our next question comes in from David Haughton at BMO. Go ahead, David. David Haughton – BMO Nesbitt Burns Investment: Yes, good morning, Steve, Gordon, Carol. Perhaps, Gord, just continuing on the Rosebel outlook, your annualized throughput is getting up over 3.6 million tons. Can you see that sustainable going forward, or hardness of ore might bring that down? What’s the thought there?

That’s a great question. Actually, annualized output now will be, I mean, the last expansion had phenomenal capacity of 11 million pons per atom based on a 40% hard rock feed. Our actual hard rock feed this year is around 25% and we will likely be exceeding 13 million tons processed this year. Going forward, the like-mine average on the reserve is about 35 to 40% hard rock. That being said, you know, we’re a greedy bunch. We like the higher throughput in the 12-plus range. So you know, one of the studies being considered next – for next year is to see if we can maintain the production above 12 million tons on a sustainable basis regardless of how much hard rock we process. So that sort of gives us the best return amongst a number of options that are available. Obviously, if the reserve and resource drilling continues to deliver results, if the expiration project at [inaudible] that Mike and his team are working on, continues to expand, then we can look at a number of other options for Rosebel. David Haughton – BMO Nesbitt Burns Investment: What sort of things would be required do you think to get the 12 million sustained? Is it the crushing end or the grinding?

Right now it looks like we need some additional driving capacity. The backend is fine. Especially with the leach expansion we’re just mentioning now, we’d like to do some work in the gravity circuit but really the effort would be on core fees, crushing, although it’s less of an issue, but really around the grinding circuit. David Haughton – BMO Nesbitt Burns Investment: While we’re still on expansions, back to Essakane now. If you were to double the throughput to the 10.8, would you see some sacrifice at grade because I noticed, I just had looked at the MI&I grade and it’s actually holding up pretty well. Would you expect to see lower grade go forward with the 10.8 if it was to happen?

Well, there’s two things at work here. One is obviously the last reserve was done at a gold price, you’re going to catch me out here, but I believe the gold price for the prior year’s reserve was $850 and $1,000 on the resource. With gold prices moving up, that will naturally bring our total operates down and annual fee a bit of a downgrade. But not a significant one. Really, not a significant one. The other is with the expanding mill throughput, we’re going to get into a slightly improved cost profile, operating cost profile. Again, better cost profile will contribute to [inaudible] lower comp rate. That being said, I would see it moving down slightly but not significantly. You know, the biggest karat out there, we’re happy with obviously the Essakane names but the big carry out there is the work that Mike and his team are doing on regional exploration. If and when they can start to deliver some addition soft rock reserves, that’s where you’re going to see some really high benefit from this expansion. David Haughton – BMO Nesbitt Burns Investment: And while still on the expansion theme, Niobec, what is your availability expectation there? Are we talking 90-95%?

I believe they’re budgeted availability for the mill is – the amount that’s popping into my head is between 92 and 94. I think it’s 94 actually. It’s 2.1 million tons a year. David Haughton – BMO Nesbitt Burns Investment: Okay. Just in the third quarter at Niobec, it looked like the recoveries were a bit low. Am I doing the calculations right there?

The recoveries were low in the third quarter. We got into some stopes with some higher silica values and within our own metallurgical models we were expecting the recoveries to be lower. David Haughton – BMO Nesbitt Burns Investment: Okay. Just switching continents now, Sadiola Sulfides, what’s the status of that study?

That study is continuing. It’s been delayed slightly, and when I say slight I mean a couple of weeks. It’s our intention to at least be able to present the finding of the study to the CMAS Board early in December and complete the final crossing of T’s and dotting of I’s before Christmas. David Haughton – BMO Nesbitt Burns Investment: The [inaudible] price, certainly we’re in favor of it.

It certainly does, it certainly does. David Haughton – BMO Nesbitt Burns Investment: All right, and last one, Westwood, it looked like the spend this quarter was a little bit lower. Do you think it will catch up next quarter or would we expect to see a little bit of CapEx pushed into 2011?

There’s going to be a little bit of cash jump in the fourth quarter. There has been some redistribution into next year, mostly around the [inaudible] that we’re boarding right now. That will completed early next year instead of at the end of this year. But that being said, it’s a fairly steady spend at Westwood. David Haughton – BMO Nesbitt Burns Investment: Thank you very much for answering all those questions.

No problem.

And the next question comes in from Barry Cooper at CIBC. Go ahead Barry. Barry Cooper – CIBC World Markets: Yeah, good day everyone. I’m just wondering if, Gord, you could kind of run through – maybe it’s a little bit early, but how’s the grade reconciliation been at Essakane at this point in time?

I’m not going to run through any numbers yet, Barry. But we – it’s the same question that I ask on every phone call when I talk to Essakane. What I will say is with – as with any gold circuit and certainly with a high-nuggetie ore like we have at Essakane, there’s been some strong surprises, both positive and negative in the first couple of months. But – and I do a lot of this even in the head office here, I tell people we need to be patient, we need to get five to six months under our belts. We need to get the circuit fully bedded in and then we can really talk about having some meaningful statistics in hand. Like I say, we’ve seen both positive and negative shifts, your call versus my call. Barry Cooper – CIBC World Markets: Right. Okay. And on the VFD, is it covered under warranty or is this something that wouldn’t be covered under normal operating problems?

We are looking at the warranty situation right now. Barry Cooper – CIBC World Markets: Okay. And then a question on – I was wondering if we could get a bit of an elaboration I guess on just what’s going on at [inaudible] with respect to what kind of grades are you finding, what sort of sizes are you looking at there and what is being done with respect to perhaps thinking about how they might fit in with some mine plan at Rosebel?

Hi, Barry. This is Mike here. Barry, we just finished the drill campaign here, and we’re modeling that resource as we speak. We traced the mineralization for about 1.3 kilometers. It’s a very [inaudible] affair. I won’t speak to the grade right now because that will obviously depend on what kind of cut offs that we use. And that resource will be incorporated into our year-end release on reserves and resources. We’re also doing some preliminary map work on that as well and the idea being once we have some good figures in hand, work with the mine guys to see how that might be incorporated into the longer-term planning at Rosebel.

Yeah, I mean, modeling, as with anything we’ll judge it against the other reserves and resources at Rosebel and place it in on the appropriate – in the queue on the appropriate basis of value. Barry Cooper – CIBC World Markets: And does it look like the grades there are higher than Rosebel?

I think where we’re seeing and you know, we did have some releases earlier in the year of some drill hole. I think what we’re seeing is the same or slightly better.

Barry, Mike here again. I would say it’s comparable to the overall camp grade at Rosebel. And again, depending on what kind of cutoff you use. Barry Cooper – CIBC World Markets: Right. And then finally, I guess in the past you’ve been marketing on some of your marketing presentations and on your website you had a production profile going forward, which of course in 2011 had a nice bump coming from Essakane and 2013 coming – bumps coming from primarily Westwood, but there could be other stuff in there. But the normal situation was 2012 was a downtick there and I’m just wondering what is being done to perhaps change that, or whether or not that is still the most likely scenario?

Gary, it’s Steve Letwin. You hit the nail right on the head and it’s my focus right now to address it and you know, and there was another related question to that that we got online from Ted Cabala [ph], who asked, and I’m just going to tie this in. He said, have you identified any strategic opportunities that you think might help improve shareholder value; for example, rationalizing assets or being more aggressive on the expiration front. On the expiration side, you’ve heard about a number of good opportunities which we have in the pipeline that – and a number of organic extensions that we’re going to be pursuing. And we are looking quietly at some acquisitions, bite-sized acquisitions that would help mitigate that drop that we’ll see between 2011 and 2013. And rationalization may be part of that. I know a number of you have talked to me about your ideas about some of the smaller paths of interest that we might use to leverage financially our position so that we could get something that we – better control operationally, something that we could grow or expand organically as well. So it’s front and center. It – I had my first presentation to the board yesterday. It was the number one topic for me; how we’re going to address it, what we’re going to do to move on it, and I can guarantee you it’s something that we’re going to work on today going forward. Barry Cooper – CIBC World Markets: Okay, great. Thanks a lot. That’s all my questions then.

Okay. And that’s all the time we have for audio questions. I will now turn it back over to Bob for questions posed via the web.

Yeah, thanks, Nick. Steve answered one. We had another one from Andy Shopen [ph] at [inaudible] Securities. At current FX rates, how much of an additional FX-related loss would you expect in Q4? And Carol will answer that.

Hi, Andy. What creates the points gain or loss is the fluctuation of the currency relative – like local currency is relative to the U.S. dollar. The currencies remain at the same levels as they were in Q3 so there’ll be no aspect gain or loss.

Okay. And one final question again from Ted Cabala who Steve referred to already. If you need to replace the complete modular device to restore electrical capabilities, this is obviously at Essakane, how long will it take? If it won’t take long, wouldn’t you be better off to spend up to $1 million as the cost is quite small relative to lost production.

Yes. If a complete replacement of the unit is the appropriate action, yes, I agree with you. It’s a relatively small amount of money compared to everything else. Availability, these are not off-the-shelf items so we would need to work with other owners of this type of equipment to see what they have available and/or work with the factory to try to get our hands on units as they come available off the production line.

Okay. Thanks Gord. That’s the end of our call, the end of the questions coming in. And I want to thank you for your time today. If you have any follow-up questions, give me a call at 416-360-4743 and – or send me an email. Bob_Tait@iamgold.com. Thank you very much.