reports
- Kristoffer Inton
Iamgold's Painful Process of Reworking Underwhelming Portfolio Bears F...
The transformation of Iamgold’s underwhelming portfolio continued to bear fruit in the first quarter. Operations improved across the board, with attributable gold production rising 7% over the prior-year quarter to 229,000 ounces, with total cash costs and all-in sustaining costs declining 4% to $737 per ounce and $953 per ounce, respectively. Combined with higher gold prices, the company saw its free cash flow jump 80% from the prior-year quarter to $38 million. The company’s high costs--it...
- Kristoffer Inton
Advancing Cote Gold and identifying additional reserves at Rosebel hav...
Iamgold continued its journey of operational improvement with a fourth quarter that saw attributable production grow 6% to 228,000 ounces. During the quarter, all-in sustaining costs rose 8% to $1,071 per ounce, but the company still finished 2017 with full-year AISC of $1,003 per ounce, 5% lower than the prior year. Despite solid operational performance, the market appeared surprised by the company’s $0.03 per share earnings loss for the fourth quarter, as Iamgold shares fell nearly 9% on a d...
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