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IAMGOLD Provides Preliminary Operating Results for the Second Quarter 2021, Updates Production and Costs Guidance for 2021 and Costs Estimate for Its Côté Gold Project
Toronto, Ontario--(Newsfile Corp. - July 22, 2021) -  IAMGOLD Corporation  (TSX: IM...
About this update from Iamgold Corporation
[{"type":"text","content":"IAMGOLD Provides Preliminary Operating Results for the Second Quarter 2021, Updates Production and Costs Guidance for 2021 and Costs Estimate for Its Côté Gold ProjectToronto, Ontario--(Newsfile Corp. - July 22, 2021) -  IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) (\"IAMGOLD\" or the \"Company\") today provides preliminary operating results for the second quarter 2021. The Company also announces a reduction in its production guidance and an increase in its costs guidance for 2021 as well as an increase in the costs estimate for its Côté Gold Project (\"Côté\" or the \"Project\"). All dollar amounts are in US dollars and a CAD:USD exchange rate of $1.30, unless otherwise indicated.PRELIMINARY OPERATING RESULTSThe following table summarizes preliminary second quarter operating results and updated full year 2021 guidance on an attributable basis for certain metrics. The guidance changes are based on the Company's performance in the first half of 2021 and subsequent efforts to develop an updated preliminary outlook for the second half of 2021. Q2 2021 YTD 2021 Updated Full Year Guidance 20211 Previous Full Year Guidance 20212 Essakane (000s oz)3 106 208 390 - 400 365 - 390 Rosebel (000s oz)3 25 72 140 - 160 220 - 245 Westwood (000s oz)3 8 15 35 - 45 45 - 65 Total attributable production (000s oz) 139 295 565 - 605 630 - 700 Cash costs4 ($/oz sold) $1,102 $1,064 $1,115 - $1,150 $930 - $980 All-in sustaining costs3,4 ($/oz sold) $1,422 $1,324 $1,395 - $1,435 $1,230 - $1,2801 The updated full year guidance is based on the following 2021 full year assumptions: average realized gold price of $1,745 per ounce, USD:CAD exchange rate of 1.22, EUR:USD exchange rate of 1.20 and average crude oil price of $65 per barrel.2 The previous full year guidance was based on the following 2021 full year assumptions: average realized gold price of $1,750 per ounce, USD:CAD exchange rate of 1.30, EUR:USD exchange rate of 1.19 and average crude oil price of $47 per barrel.3 Consists of Essakane and Rosebel on an attributable basis, and Westwood on a 100% basis.4 This is a non-GAAP performance measure. Refer to the Non-GAAP Performance Measures section at the end of this news release.Total Company-wide attributable production guidance for 2021 has been reduced due to lower actual production in the first half of 2...