Business
IAMGOLD Reports Third Quarter 2021 Results
All monetary amounts are expressed in U.S. dollars, unless otherwise indicated. For more i...
About this update from Iamgold Corporation
[{"type":"text","content":"IAMGOLD Reports Third Quarter 2021 ResultsAll 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 and nine months ended September 30, 2021.HIGHLIGHTS:Attributable production of 448,000 ounces YTD 2021Mine-site free cash flow of $121.6 million and adjusted EBITDA of $265.7 million YTD 2021Q3 2021 adjusted net loss of $20.1 million or $0.04 per share attributable to equity holdersTotal available liquidity of $1.2 billion, including $748.3 million in cash and equivalentsCôté Gold 36% complete; project remains on track for commercial production in H2-2023Commitment to achieve net negative GHG emissions by no later than by 2050Toronto, Ontario--(Newsfile Corp. - November 3, 2021) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) (\"IAMGOLD\" or the \"Company\") reports its consolidated financial and operating results for the three and nine months ended September 30, 2021. Preliminary operating results for the third quarter of 2021 were disclosed on October 18, 2021. Key highlights of operating performance and financial results include:($ millions, except where noted)Q3 2021Q2 2021YTD 2021Revenues$294.1$265.6$857.1Gross profit$6.9$27.9$79.0EBITDA1$19.6$87.0$220.5Adjusted EBITDA1$82.5$83.0$265.7Net earnings (loss) attributable to equity holders$(75.3)$(4.5)$(60.3)Net earnings (loss) per share attributable to equity holders$(0.16)$(0.01)$(0.13)Adjusted net earnings (loss) attributable to equity holders1$(20.1)$(3.6)$(17.5)Adjusted net earnings (loss) per share attributable to equity holders1$(0.04)$(0.01)$(0.04)Net cash from operating activities$78.5$37.3$217.5Net cash from operating activities before changes in working capital1$79.6$54.9$217.0Mine-site free cash flow1$31.9$1.9$121.6Capital expenditures - sustaining$26.4$23.9$64.0Capital expenditures - expansion$113.0$128.4$330.2     Q3 2021Q2 2021Q1 2021Cash, cash equivalents and short-term investments$748.3$829.8$967.8Long-term debt$466.8$456.5$466.7Available credit facility$498.3$498.2$498.2 This is a non-GAAP performance measure. See \"Non-GAAP Performance Measures\".Gordon Stothart, President and CEO of IAMGOLD commented, \"The third quarter of 2021 saw impro...