Business
IAMGOLD Reports Fourth Quarter and Year-End 2022 Results
All monetary amounts are expressed in U.S. dollars, unless otherwise indicated. Toronto, Ontari...
About this update from Iamgold Corporation
[{"type":"text","content":"IAMGOLD Reports Fourth Quarter and Year-End 2022 ResultsAll monetary amounts are expressed in U.S. dollars, unless otherwise indicated.Toronto, Ontario--(Newsfile Corp. - February 16, 2023) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) (\"IAMGOLD\" or the \"Company\") today reported its financial and operating results for the fourth quarter and year ended December 31, 2022. Preliminary operating results for the fourth quarter and year ended 2022 were disclosed on January 17, 2023. HIGHLIGHTS:OperationsAttributable gold production was 185,000 ounces in the fourth quarter and 713,000 ounces for the year, above the top end of revised production guidance of 650,000 to 705,000 ounces. Cost of sales per ounce sold in the fourth quarter was $1,130, cash cost1 per ounce sold was $1,173 and all-in sustaining cost1 (\"AISC\") per ounce sold was $1,672. Cash cost1 per ounce sold of $1,109 for the year was within the bottom end of the revised guidance range of $1,100 to $1,130 per ounce sold and AISC1 per ounce sold of $1,581 for 2022 was below the bottom end of the revised range of $1,600 to $1,650 per ounce sold.Attributable gold production from continuing operations, excluding Rosebel, was 116,000 ounces in the fourth quarter and 499,000 ounces for the year. Cost of sales per ounce sold in the fourth quarter was $1,157 ($1,041 for 2022), cash cost1 per ounce sold in the fourth quarter was $1,226 ($1,052 for 2022) and AISC1 per ounce sold in the fourth quarter was $1,741 ($1,508 for 2022) on the same basis.FinancialNet earnings (loss) and adjusted net loss per share attributable to equity holders1 of $(0.01) and $(0.02) for the fourth quarter, respectively and net earnings (loss) and adjusted net earnings (loss) per share attributable to equity holders1 of $(0.12) and $(0.07) for the year ended December 31, 2022, respectively.Net cash from operating activities was $12.3 million for the fourth quarter and $257.6 million for the year. Net cash from operating activities, before movements in non-cash working capital and non-current ore stockpiles, was $36.2 million for the fourth quarter and $298.2 million for the year.Earnings before interest, income taxes, depreciation and amortization (\"EBITDA\")1 from continuing operations was $57.8 million during the fourth quarter ($292.3 million for 2022) and adjusted EBITDA1 from continuing operations...