Iamgold's Production and Costs Will Remain Steady Until the Opening of Cote Gold
Iamgold’s third-quarter performance was marred by soft production volumes and higher costs. Total attributable gold ounces were 208,000, down 4% from the prior-year period. Meanwhile, total cash costs spiked 8% to $830 per ounce and all-in sustaining costs (AISC) spiked 12% to $1,086 per ounce. With the average realized gold price falling to $1,207 per ounce during the quarter, the company saw profitability squeezed on both sides as gross profit fell 82% to $7.5 millionOne bright spot during th...
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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