IMG:CC - IAMGOLD reports Q1 results reaffirms 2023 attributable gold production guidance
2023-05-11 17:16:36 ET
- IAMGOLD press release ( NYSE: IAG ): Q1 Non-GAAP EPS of $0.05 beats by $0.07 .
- Revenue of $226.2M (-14.6% Y/Y).
- Attributable gold production from continuing operations was 113K ounces vs. 128K ounces last year.
- Attributable total gold sales was 133K ounces vs. 181K ounces last year.
- Cost of sales per ounce sold from continuing operations was $1,176, cash cost per ounce sold from continuing operations was $1,094 and all-in-sustaining-cost (AISC) per ounce sold from continuing operations was $1,525.
- As of March 31, 2023, the Côté Gold project was estimated to be 79.8% complete.
- Attributable gold production guidance for 2023 is unchanged and is expected to be in the range of 410K to 470K ounces.
- Costs guidance for 2023 is unchanged with cash costs expected to be between $1,125 and $1,175 per ounce sold and AISC expected to be in the range of $1,625 to $1,700 per ounce sold.
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IAMGOLD reports Q1 results, reaffirms 2023 attributable gold production guidance