Business
IAMGOLD Reports Third Quarter 2021 Results; Attributable production of 448,000 ounces YTD 2021
All monetary amounts are expressed in U.S. dollars, unless otherwise indicated.For more information, refer to the management discussion and analysis ("MD&A") an
About this update from Iamgold Corporation
[{"type":"text","content":" All 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 2021 Mine-site free cash flow of $121.6 million and adjusted EBITDA of $265.7 million YTD 2021 Q3 2021 adjusted net loss of $20.1 million or $0.04 per share attributable to equity holders Total available liquidity of $1.2 billion, including $748.3 million in cash and equivalents Côté Gold 36% complete; project remains on track for commercial production in H2-2023 Commitment to achieve net negative GHG emissions by no later than by 2050 Toronto, Ontario--(Newsfile Corp. - November 3, 2021) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) (\"IAMGOLD\" or the \"Company\") reports its consolidated financial and operating results for the three and nine months ended September 30, 2021. Preliminary operating results for the third quarter of 2021 were disclosed on October 18, 2021. Key highlights of operating performance and financial results include: ($ millions, except where noted) Q3 2021 Q2 2021 YTD 2021 Revenues $ 294.1 $ 265.6 $ 857.1 Gross profit $ 6.9 $ 27.9 $ 79.0 EBITDA1 $ 19.6 $ 87.0 $ 220.5 Adjusted EBITDA1 $ 82.5 $ 83.0 $ 265.7 Net 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 $ 217.5 Net cash from operating activities before changes in working capital1 $ 79.6 $ 54.9 $ 217.0 Mine-site free cash flow1 $ 31.9 $ 1.9 $ 121.6 Capital expenditures - sustaining $ 26.4 $ 23.9 $ 64.0 Capital expenditures - expansion $ 113.0 $ 128.4 &nb...