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IAMGOLD Reports First Quarter 2022 Results; Announces Appointment of Maryse Bélanger as Interim President and CEO & Provides Côté Gold Project Update
All monetary amounts are expressed in U.S. dollars, unless otherwise indicated. For more in...
About this update from Iamgold Corporation
[{"type":"text","content":"IAMGOLD Reports First Quarter 2022 Results; Announces Appointment of Maryse Bélanger as Interim President and CEO & Provides Côté Gold Project UpdateAll monetary amounts are expressed in U.S. dollars, unless otherwise indicated.For more information, refer to the management discussion and analysis (\"MD&A\") and unaudited consolidatedinterim financial statements as at and for the three months ended March 31, 2022.Q1 2022 HIGHLIGHTS:Attributable gold production of 174,000 ounces on continued strong performance from Essakane and improvements at Rosebel.Cost of sales per ounce sold of $1,035, cash cost1 per ounce sold of $1,017 and all-in sustaining costs1 (\"AISC\") per ounce sold of $1,490.Mine-site free cash flow1 of $87.5 million.Net earnings and adjusted net earnings1 per share attributable to equity holders of $0.05.Earnings before interest, income taxes, depreciation and amortization (\"EBITDA\")1 of $135.0 million and adjusted EBITDA1 of $137.6 million.Cash, cash equivalents and short-term investments and available liquidity1 at the end of the quarter of $524.4 million and $1.0 billion, respectively.The Company estimates, based on the ongoing analysis, assessment and preliminary information available to date, that the remaining Côté Gold project costs to completion at April 1, 2022 could be between approximately $1,200 to $1,300 million. Accordingly, the Company is withdrawing its 2022 and 2023 Côté Gold project costs guidance and will provide a detailed updated costs and schedule estimates review before the end of the second quarter. Subsequent to the approval of the consolidated interim financial statements, Maryse Bélanger, Chair of the Board was also appointed Interim President and Chief Executive Officer (\"CEO\") and David Smith was appointed Lead Director.Toronto, Ontario--(Newsfile Corp. - May 3, 2022) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) (\"IAMGOLD\" or the \"Company\") today reported its financial and operating results for the first quarter ended March 31, 2022, the appointment of current Chair of the Board, Maryse Bélanger, as Interim President and CEO and an update to the Côté Gold Project. Maryse Belanger, Chair of the Board and incoming Interim President and CEO, said: \"The Company delivered good results in the first quarter of 2022, resulting ...