Iamgold’s Mediocre 2019 Outlook Leads Us to Cut Our FVE
Iamgold reported preliminary 2018 results that were largely as expected, though costs ended at the unfavorable end of guidance. For the full year, Iamgold produced 882,000 attributable gold ounces compared with guidance of 850,000 to 900,000. Management guided that total cash costs in 2018 would come at the high end of guidance of $750 to $800 per ounce and all-in sustaining costs near the high end of guidance of $990 to $1,070 per ounce. In addition, production and all-in sustaining costs are l...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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