IAMGOLD(IAG)

Search documents
IAMGOLD(IAG) - 2023 Q1 - Earnings Call Transcript
2023-05-12 18:35
IAMGOLD Corporation (NYSE:IAG) Q1 2023 Results Conference Call May 12, 2023 9:30 AM ET Company Participants Graeme Jennings - Vice President, of Investor Relations and Corporate Communications Renaud Adams - President and CEO Jerzy Orzechowski - Executive Project Director Maarten Theunissen - Interim Chief Financial Officer Conference Call Participants Mike Parkin - National Bank Anita Soni - CIBC World Markets Farooq Hamed - Raymond James Jackie Przybylowski - BMO Capital Markets Tanya Jakusconek - Scotiab ...
IAMGOLD(IAG) - 2023 Q1 - Quarterly Report
2023-04-11 22:58
TSX: IMG NYSE: IAG NEWS RELEASE About IAMGOLD IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa. The Company is building the large-scale, long life Côté Gold project in Canada in partnership with Sumitomo Metals & Mining of Japan, which is expected to commence production in early 2024. In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts in the A ...
IAMGOLD(IAG) - 2022 Q4 - Annual Report
2023-03-28 01:31
Toronto, Ontario, March 27, 2023 – IAMGOLD Corporation (TSX:IMG, NYSE:IAG) ("IAMGOLD" or the "Company") announces that it has filed with the U.S. Securities and Exchange Commission its Form 40-F report consisting of its 2022 annual audited financial statements, management discussion and analysis and the annual information form ("AIF"). These filings are available through EDGAR at www.sec.gov. The Company's AIF has also been filed with applicable Canadian securities regulatory authorities and is available un ...
IAMGOLD(IAG) - 2022 Q4 - Earnings Call Presentation
2023-02-17 16:52
Financial Performance - Gold revenues reached $958.8 million, including $207.2 million in Q4 2022, stemming from sales of 555,000 ounces[9] - Adjusted EBITDA was $313.4 million, with $38.9 million in Q4 2022[9] - The company faced an adjusted net loss of $35.6 million, or $0.07 per share[9] - Mine site free cash flow amounted to $167.2 million, with a deficit of $21.9 million in Q4 2022[9] Liquidity and Funding - Total liquidity as of December 31, 2022, stood at $434.4 million, encompassing $407.8 million in cash and equivalents[14] - The company completed the sale of Rosebel/Saramacca to Zijin Mining on January 31, 2023, receiving $371.5 million[14] - An agreement was reached to sell Bambouk assets for $282 million pre-tax in cash to Managem, expected to close in Q2/Q3 2023[14] - A funding agreement with Sumitomo Metal Mining (SMM) provides up to $340 million, potentially revising JV interests to approximately 60% IAMGOLD and 40% SMM[19] Côté Gold Project - The Côté Gold project is approximately 73% complete[50] - Estimated remaining funding to complete the project for IAMGOLD as of December 31, 2022, was $460 - $535 million, accounting for the SMM funding agreement[50] - $185.6 million was incurred in Q4 2022 for the project[45] Mineral Reserves and Resources - Total gold mineral reserves as of December 31, 2022, were 14981 thousand ounces[26] - Total Measured and Indicated gold Mineral Resources were 30764 thousand ounces[32] - Total Inferred gold Mineral Resources were 12330 thousand ounces[32]
IAMGOLD(IAG) - 2022 Q4 - Earnings Call Transcript
2023-02-17 16:51
IAMGOLD Corporation (NYSE:IAG) Q4 2022 Earnings Conference Call February 17, 2023 8:30 AM ET Company Participants Graeme Jennings - Vice President, Investor Relations and Corporate Communications Maryse Bélanger - Chairman and Interim President and Chief Executive Officer Maarten Theunissen - Interim Chief Financial Officer Bruno Lemelin - Senior Vice President, Operations and Projects Tim Bradburn - Senior Vice President, General Counsel and Corporate Secretary Conference Call Participants Sean Wondrack - ...
IAMGOLD(IAG) - 2022 Q3 - Earnings Call Transcript
2022-11-09 15:54
Financial Data and Key Metrics Changes - IAMGOLD reported gold revenues of $343 million for Q3 2022, with a year-to-date total exceeding $1 billion [19] - Adjusted EBITDA for the quarter was $103 million, while the year-to-date adjusted EBITDA reached $350.6 million [20] - The company reported a net loss of $129.1 million for Q3, with an adjusted net loss of $13.7 million or $0.03 per share [21] - Cash costs were $1,126 per ounce sold, and all-in sustaining costs were $1,559 per ounce sold [14] Business Line Data and Key Metrics Changes - Essakane achieved its highest quarterly production ever, reporting 115,000 ounces, with increased mining activity and mill throughput [27][28] - Rosebel produced 50,000 ounces in Q3, marking the fifth consecutive quarter of increased production, with a roadmap to return to over 300,000 ounces by 2025 [32][34] - Westwood's production was 19,000 ounces, with improvements expected in Q4 [36][38] - Côté Gold project is 64.2% complete, with an estimated remaining spend of $1 billion to $1.1 billion [40][41] Market Data and Key Metrics Changes - The average realized sales price for gold in Q3 was $1,690 per ounce, influenced by a prepay arrangement [19] - The company has an 80% hedge ratio on WTI and a 71% ratio on Brent contracts, insulating against rising costs [17] Company Strategy and Development Direction - IAMGOLD aims to be a leading high-margin gold producer, focusing on operational improvements and safety [11][12] - The company is actively pursuing various alternatives to increase liquidity and capital resources, including the sale of exploration assets [26] - A strategic review of development and exploration assets in West Africa is ongoing [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in addressing near-term challenges and maintaining the updated schedule for Côté Gold's initial production in early 2024 [11] - Inflationary pressures have stabilized, with no further increases in costs observed in Q3 [51] - The company is cautious about the potential impacts of external factors such as COVID-19 and geopolitical events on project timelines [44] Other Important Information - The company ended Q3 with approximately $536 million in cash and cash equivalents, translating to about $637 million in total liquidity [23][24] - The sale of the Rosebel Mine Complex to Zijin Mining for $360 million is expected to close in Q1 2023 [34] Q&A Session Summary Question: Are inflationary pressures easing? - Management noted that costs have plateaued but remain elevated, particularly in diesel and consumables [51][52] Question: What is happening with the reserves at Essakane? - Positive reconciliation at Essakane is linked to higher-grade mineralization, with no changes expected to the grade [57] Question: Will the company achieve full funding by year-end? - Management confirmed that they expect to communicate funding solutions to the market before year-end [64] Question: What is the status of the Rosebel sale? - There are no concerns regarding the closing of the Rosebel sale, with only standard regulatory approvals pending [97] Question: What is the timeline for the CEO search? - The search for a permanent CEO is active, with an announcement expected before the end of the year [82]
IAMGOLD(IAG) - 2022 Q3 - Earnings Call Presentation
2022-11-09 13:07
THIRD QUARTER 2022 RESULTS AMCH ORPORA Q3 2022 Financial & Operating Results TSX: IMG l NYSE: IAG www.iamgold.com TSX: IMG l NYSE: IAG l www.iamgold.com November 9, 2022 | Conference Call THIRD QUARTER 2022 RESULTS Cautionary Statement CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION Statements included in this presentation, including any with respect to the Company's future financial or operating performance and other statements that express management's expectations or estimates of future perfor ...
IAMGOLD(IAG) - 2022 Q3 - Quarterly Report
2022-09-30 21:05
Board of Directors - Deborah Starkman resigned from the Board of Directors effective September 30, 2022[1] Operations - IAMGOLD operates three mines: Essakane (Burkina Faso), Rosebel (Suriname), and Westwood (Canada)[3] - The Côté Gold project in Canada is expected to commence production in early 2024[3] Employment and ESG Commitment - IAMGOLD employs approximately 5,000 people and is committed to high standards of Environmental, Social and Governance (ESG) practices[4] - IAMGOLD is listed on both the NYSE and TSX and is part of the Jantzi Social Index[4]
IAMGOLD(IAG) - 2022 Q2 - Earnings Call Transcript
2022-08-04 19:12
Start Time: 08:30 January 1, 0000 9:42 AM ET IAMGOLD Corporation (NYSE:IAG) Q2 2022 Earnings Conference Call August 04, 2022, 08:30 AM ET Company Participants Maryse Bélanger - Chair, Interim President and CEO Daniella Dimitrov - CFO and EVP, Strategy & Corporate Development Craig MacDougall - EVP, Growth Bruno Lemelin - SVP, Operations & Projects Graeme Jennings - VP, IR and Corporate Communications Conference Call Participants Fahad Tariq - Credit Suisse Josh Wolfson - RBC Capital Markets Jackie Przybylow ...
IAMGOLD(IAG) - 2022 Q2 - Earnings Call Presentation
2022-08-04 12:33
SECOND QUARTER 2022 RESULTS AMCH O R PORA Q2 2022 Financial & Operating Results TSX: IMG l NYSE: IAG www.iamgold.com TSX: IMG l NYSE: IAG l www.iamgold.com August 4, 2022 Conference Call SECOND QUARTER 2022 RESULTS Cautionary Statement CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION All information included in this presentation, including any with respect to the Company's future financial or operating performance and other statements that express management's expectations or estimates of future p ...