Iamgold on Target to Hit Full-Year Guidance; Outlook Improving Due to Cote Gold and Rosebel
We saw few surprises in Iamgold's second-quarter results, as the majority of important news happened between quarterly earnings releases. The company produced 223,000 ounces, up 13% from the prior-year quarter. Total cash costs and AISC were down 3% and 12% to $735 per ounce and $975 per ounce, respectively.During the quarter, Iamgold took important steps to improve its long-term prospects. First, it completed the pre-feasibility study of Cote Gold, that pointed for the potential of a low-cost,...
IAMGold is engaged in the exploration for, development and operation of gold mining properties, and the operation of a niobium mine.
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