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IAMGOLD Reports Fourth Quarter and Year-End 2021 Results; Generated $285 Million in Operating Cash Flow
All monetary amounts are expressed in U.S. dollars, unless otherwise indicated. For more info...
About this update from Iamgold Corporation
[{"type":"text","content":"IAMGOLD Reports Fourth Quarter and Year-End 2021 Results; Generated $285 Million in Operating Cash FlowAll monetary amounts are expressed in U.S. dollars, unless otherwise indicated.For more information, refer to the management discussion and analysis (\"MD&A\") and audited consolidatedfinancial statements for the year ended December 31, 2021.FY2021 HIGHLIGHTS:Attributable production of 601,000 ounces near the top of updated production guidanceAchieved updated operating cost guidance with full year cost of sales per ounce sold of $1,270, cash cost1 per ounce sold of $1,132 and all-in sustaining cost1 per ounce sold of $1,426Generated $293 million in operating cash flow before changes in working capital1Mine-site free cash flow1 of $133.8 million and adjusted EBITDA1 of $355.7 millionNet loss attributable to equity holders of $0.53 per share and adjusted net earnings attributable to equity holders1 of $0.06 per shareTotal available liquidity1 of $1.1 billion, including $544.9 million in cash and cash equivalentsCôté Gold project 43.4% complete and detailed engineering at 92.2%Initial mineral resource estimate for Gosselin deposit, located adjacent to Côté, of 3.35 million indicated ounces and 1.71 million inferred ouncesCommitted to achieving net negative greenhouse gas (\"GHG\") emissions by no later than by 2050Toronto, Ontario--(Newsfile Corp. - February 23, 2022) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) (\"IAMGOLD\" or the \"Company\") reports consolidated financial and operating results for the fourth quarter and year ended December 31, 2021. Preliminary operating results for the fourth quarter and year ended 2021 were disclosed on January 12, 2022. Key highlights of financial results include:Corporate HighlightsOn February 14, 2022, the Company announced a collaboration agreement with RCF Management L.L.C (\"RCF\"). Pursuant to the Agreement, Maryse Bélanger, David Smith and Ian Ashby were appointed to the Board of Directors of IAMGOLD (the \"Board\") as independent directors, and Ms. Bélanger was appointed Chair. Richard Hall stepped down from the Board. With today's announcement of the Company's year-end results, Ronald Gagel has resigned from the Board, effective immediately. In addition, Mr. Tim Snider has advised that he will not stand for re-election at the Company's 2022 annual s...