Trimming Iamgold FVEs on Higher Sustaining Capital Expenditures in 2Q
In the second quarter, Iamgold produced 215,000 attributable gold ounces, largely in line with last year’s 219,000 ounces. Costs increased a bit, with all-in sustaining costs reaching $1,077 per ounce from $975 per ounce. With year-to-date attributable production of 450,000 ounces at AISC of $1,012 per ounce, Iamgold is within striking distance of management's reiterated full-year guidance for 850,000-900,000 ounces at $990-$1,070 per ounce, which we think is achievable.Although the company mai...
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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