IAG - IAMGOLD Non-GAAP EPS of $0.05 beats by $0.04 revenue of $356.6M beats by $35.88M; reaffirms FY22 guidance

IAMGOLD press release (NYSE:IAG): Q1 Non-GAAP EPS of $0.05 beats by $0.04. Revenue of $356.6M (+19.9% Y/Y) beats by $35.88M. Attributable gold production for the first quarter was 174,000 ounces, up 21,000 ounces or 14% from the prior quarter, on continued strong performance from Essakane and improvements at Rosebel. Cost of sales per ounce sold of $1,035, cash cost per ounce sold of $1,017 and all-in sustaining costs per ounce sold of $1,490. Mine-site free cash flow of $87.5M. Cash costs per ounce sold in the first quarter was $1,017, down $196 per ounce or 16% from the prior quarter on strong gold sales. AISC per ounce sold of $1,490 was down $47 per ounce or 3% from the prior quarter. Attributable gold production guidance for 2022 is unchanged and is expected to be in the range of 570,000 to 640,000 ounces. Costs guidance for 2022 is unchanged with cash costs expected

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IAMGOLD Non-GAAP EPS of $0.05 beats by $0.04, revenue of $356.6M beats by $35.88M; reaffirms FY22 guidance