Iamgold Operates With Just a Few Mines, Magnifying Mine Risk Impact on Overall Fair Value Estimate
Iamgold reported preliminary results last month, so we saw few surprises in its Feb. 20 announcement. For the full year, Iamgold produced 882,000 attributable gold ounces, meeting guidance of 850,000 to 900,000. Full-year total cash costs came in at $793 per ounce, 5% higher than 2017 and on the high end of guidance of $750 to $800 per ounce. Full-year all in sustaining costs (AISC) were $1,057 per ounce, 5% higher than last year and also on the high end of guidance of $990 to $1,070 per ounce. ...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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