 In August 2009, IAMGOLD announced that it had entered an option agreement permitting it to acquire a 51% ownership of Channel Islands-registered Avnel Gold Mining Ltd.While IAMGOLD and AngloGold hold equal 38% and 40% shares in the Sadiola and Yatela mines, respectively, the net earnings reported in their individual annual reports differ.AngloGold Ashanti, while not reporting these mines' earnings separately during five of the years between 1996 and 2008, reports for the remaining years total earnings of $248m., while IAMGOLD reports $308m.