IAG - IAMGOLD produces 713k oz gold in 2022

IAMGOLD ( NYSE: IAG ) (TSX: IMG) on Tuesday reported 2022 total gold production of 713,000 ounces, above its previously given forecast of 650,000 to 705,000 ounces, and produced 185,000 ounces in the fourth quarter.

The miner said its 2022 cash costs and all-in sustaining costs are expected to be near the bottom end of the updated guidance range of $1,100 to $1,130 per ounce sold and $1,600 to $1,650 per ounce sold, respectively.

Annual gold sales were 721,000 ounces on an attributable basis at an average realized gold price of $1,742 per ounce. Fourth quarter gold sales were 183,000 ounces on an attributable basis at an average realized gold price of $1,670 per ounce.

Annual attributable gold production for Essakane was 432,000 ounces and 98,000 ounces in Q4.

For Westwood, annual gold production was 67,000 ounces, and in the fourth quarter, the operations produced 18,000 ounces.

Rosebel annual attributable gold production came in at 214,000 ounces and 69,000 ounces in Q4.

IAMGOLD expects closing the sale of its 95% interest in Rosebel Gold Mines to Zijin Mining ( OTCPK:ZIJMF ) in the first quarter of 2023.

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