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IAMGOLD Announces Updated Strategic Focus & Asset Portfolio Optimization, Preliminary 2021 Operational Results & 2022 Guidance, Cote Q4 Activities and Rosebel Update
Strategic Focus Prioritizing highest return portfolio assets with the strongest net free c...
About this update from Iamgold Corporation
[{"type":"text","content":"IAMGOLD Announces Updated Strategic Focus & Asset Portfolio Optimization, Preliminary 2021 Operational Results & 2022 Guidance, Cote Q4 Activities and Rosebel UpdateStrategic FocusPrioritizing highest return portfolio assets with the strongest net free cash flow and value creation; commencing a strategic review process to evaluate options for Rosebel2021 Operational Results2021 attributable gold production of 601,000 ounces near the top of the updated production guidance Cash costs1 expected to be within updated guidance range of $1,115 to $1,150 per ounce soldAll-in sustaining costs (\"AISC\")1 expected to be within updated guidance range of $1,395 to $1,435 per ounce sold22022 Outlook Attributable gold production guidance of 570,000 to 640,000 ouncesCash costs guidance of $1,100 to $1,150 per ounce sold3 and AISC guidance of $1,650 to $1,690 per ounce soldCôté Gold ProjectProject completion at 43.4% and remains on track for H2 2023 commercial productionRosebel Life of Mine PlanPotential for extended mine life; expected to ramp up to over 300,000 ounces per year Toronto, Ontario--(Newsfile Corp. - January 12, 2022) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) (\"IAMGOLD\" or the \"Company\") today announced preliminary full year and fourth quarter 2021 operational results, 2022 operational outlook, a progress update for the Côté Gold Project (\"Côté Gold\"), updated Mineral Reserves and Mineral Resources estimates and a new life-of-mine plan (the \"Rosebel 2022 LOMP\") for the Rosebel Gold Mine, including the satellite Saramacca Mine (together, \"Rosebel\").As part of a focused strategy to prioritize the highest return assets within the portfolio to achieve the strongest net free cash flow and value creation for shareholders, while concentrating on core operating jurisdictions, the Company has been progressing a review of its portfolio of assets. The key objective of this review is to deliver an appropriate allocation of capital and resources between the Company's existing mines and its Côté Gold project to generate the best return on invested capital while advancing Côté Gold to production. \"IAMGOLD finished with a strong quarter bringing production for the year to the upper end of revised guidance as we strive to deliver on our commitments,\" stated Gordon Stothart, President...