IAMGOLD In Line with Production and AISC Guidance for 2019; Provides Two Year Forward Guidance

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[{"type":"text","content":"IAMGOLD In Line with Production and AISC Guidance for 2019; Provides Two Year Forward GuidanceAll 2019 numbers are preliminary and unaudited and subject to final adjustment; All amounts are expressed in US dollars, unless otherwise indicatedToronto, Ontario--(Newsfile Corp. - January 16, 2020) - IAMGOLD Corporation (TSX: IMG) (\"IAMGOLD\" or the \"Company\") today announced preliminary operating results for 2019, as well as guidance for 2020 and 2021.\"Through the skill and commitment of our team and ongoing support of our stakeholders, we were able to face a number of challenges in 2019 head-on and still deliver a solid year of gold production, with the expectation that we will achieve within 1% of the range on key metrics on a consolidated basis,\" said IAMGOLD's President and COO, Gordon Stothart. \"2019 annual production was 762,000 ounces and we expect to be at the top end of all-in sustaining cost guidance. Our 2020 guidance reflects a year of transition as we build for the future of Essakane and Rosebel, continue development of Westwood and bring Saramacca up to full production, leading to an improvement in the forecast for 2021.\"Performance Highlights for 2019Attributable gold production of 762,000 ounces, approaching the low end of guidance of 765,000 to 810,000 ounces; fourth quarter production of 192,000 ounces.Attributable gold sales of 759,000 ounces for the year and 196,000 ounces for the fourth quarter. Total cash costs1 expected at the top end of guidance of $860 to $910 per ounce produced.All-in sustaining costs1 expected at the top end of guidance of $1,090 to $1,130 per ounce sold.In February 2019, announced a 23% annual increase in global reserves2, largely driven by conversion of resources to reserves at Saramacca in Suriname and Côté Gold in Ontario, coupled with the reserve increase at the Essakane Gold Mine in Burkina Faso. During the year, a maiden resource was declared at the Nelligan Gold Project in Quebec, comprising 3.2 million inferred ounces3.On October 31, 2019 we delivered the first ore from the Saramacca open pit to the mill at the Rosebel Gold Mine. Project development activities advanced at Boto Gold and Côté Gold, within budget.Capital expenditures expected to be slightly lower than guidance of $275 million.Cash taxes expected to be approximately $48 million.Approximately...

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