IAMGOLD(IAG)
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IAMGOLD's (IAG) Shares Scale 52-Week High: More Room to Run?
Zacks Investment Research· 2024-04-08 13:26
Shares of IAMGOLD Corporation (IAG) scaled a new 52-week high of $3.80 on Apr 5, before closing the session a tad lower at $3.72.The stock rose on the announcement of its first gold pour at the Côté Gold Mine, located in Ontario, Canada, on Mar 31, 2024. This marks a milestone for IAG as the mine is expected to significantly boost its production while lowering the cost profile. The company’s share price surged as gold prices hit record levels due to multiple factors like U.S. interest rate cut bets, geopoli ...
IAMGOLD Provides Notice of First Quarter 2024 Results and Conference Call
Newsfile Corp· 2024-04-05 11:00
IAMGOLD Provides Notice of First Quarter 2024 Results and Conference CallApril 05, 2024 7:00 AM EDT | Source: IAMGOLD CorporationToronto, Ontario--(Newsfile Corp. - April 5, 2024) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) ("IAMGOLD" or the "Company") is pleased to announce it plans to release its first quarter 2024 operating and financial results after market hours on Thursday, May 9, 2024. Senior management will host a conference call to discuss the operating performance and financial resu ...
IAMGOLD(IAG) - 2023 Q4 - Annual Report
2024-03-15 10:49
Financial Reporting and Regulatory Compliance - IAMGOLD has filed its 2023 annual audited financial statements, management discussion and analysis, and annual information form (AIF) with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities[1][2] Project Development and Production - The Côté Gold project, a large-scale, long-life project in Canada, is expected to commence production in the first quarter of 2024[4] Corporate Governance and ESG Practices - IAMGOLD employs approximately 3,600 people and is committed to high standards of Environmental, Social, and Governance (ESG) practices[4] Stock Exchange Listings and Indices - The company is listed on both the New York Stock Exchange (NYSE:IAG) and the Toronto Stock Exchange (TSX:IMG) and is part of the Jantzi Social Index[4]
IAMGOLD(IAG) - 2023 Q4 - Earnings Call Presentation
2024-02-16 13:33
Financial Performance - Adjusted EBITDA from continuing operations in 2023 was $315.1 million[8] - Cash and cash equivalents as of December 31, 2023, amounted to $367.1 million[7,8] - Available liquidity as of December 31, 2023, was $754.1 million[8] Production and Costs - 2023 attributable gold production was 465,000 ounces, at the top end of the guidance of 410,000 - 470,000 ounces[18,20] - The cost of sales for 2023 was $1,291 per ounce sold[8,20] - Cash costs for 2023 were $1,261 per ounce sold[8,20] - All-in sustaining costs (AISC) for 2023 were $1,783 per ounce sold[8,20] Côté Gold Project - Côté Gold is expected to start production at the end of Q1 and ramp up to commercial production in Q3[3] - Estimated cost to first gold at Côté (100% basis) is $179 million, in line with the planned total expenditure of $2.965 billion (± 1.5%)[8] - Côté Gold Project (100% basis) is expected to produce 220,000 – 290,000 ounces in 2024[18,90] - Côté Gold construction was approximately 98% complete as of December 31, 2023[18,67] Essakane Mine - Essakane achieved record Health & Safety performance in 2023, with a 0.06 DARTFR and 0.18 TRIFR[8,20] - Mineral Resource estimate of 3.4 million ounces, including stockpiles, at an average grade of 1.21 g/t, up 19% from year end 2022[27] Westwood Mine - Westwood reported Q4 production of 28,000 ounces, the highest quarter of production since the mine restart in 2021[20] - Mineral Reserve estimate (underground) of 1.1 million ounces at an average grade of 10.62 g/t, an increase of 123% from year end 2022[49]
IAMGOLD(IAG) - 2023 Q3 - Earnings Call Presentation
2023-11-10 18:24
MICH CHANGER Q3 2023 CONFERENCE CALL CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION The Company cautions the reader that forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, financial, operational and other risks, uncertainties, contingencies and other factors, including those described below, which could cause actual results, performance or achievements of the ...
IAMGOLD(IAG) - 2023 Q2 - Earnings Call Presentation
2023-08-11 18:00
Financial Performance & Liquidity - IAMGOLD's Q2 2023 revenues were $238.8 million compared to $232.1 million in Q2 2022[129] - The company had cash and cash equivalents of $747.7 million as of June 30, 2023, and total liquidity of $1.2 billion[52, 129] - A $400 million second lien secured term loan was announced to improve financial flexibility and liquidity[52] - Mine-site free cash flow was $14.6 million in Q2 2023, compared to $36.4 million in Q2 2022[4, 129] Operations - Attributable gold production in Q2 2023 was 107,000 ounces[39, 52] - Essakane produced 88,000 ounces in Q2 2023[67, 73] - Westwood produced 19,000 ounces in Q2 2023[2, 85] - Cash costs for continuing operations were $1,372 per ounce sold in Q2 2023[40] - All-in sustaining costs (AISC) for continuing operations were $1,912 per ounce sold in Q2 2023[38, 69] Côté Gold Project - The Côté Gold project was approximately 86% complete and on track for production early next year[38] - The estimated cost to complete Côté Gold (at 100% basis) is $665 to $735 million, in line with the planned total expenditure of $2.965 billion[52] - IAMGOLD's estimated remaining funding requirement for Côté Gold is $425 to $475 million (adjusted for 60.3% interest, leases, and working capital adjustments)[52, 118] - Incurred project expenditures of $270.1 million (at 100%) or $189.1 million (at 70%) in Q2 2023[137]
IAMGOLD(IAG) - 2023 Q2 - Earnings Call Transcript
2023-08-11 18:00
The company plans to file an updated life of mine for Essakane and an updated mineral reserve resources during the fourth quarter of 2023. This will include the details of assessing the 9.9 million tonnes of stockpile material through the CIO circuit versus the prior plan to outline capital intensive heat leach scenario. On Slide 7. Turning to Westwood. Gold production was 19,000 ounces in the quarter. 40,000 ounces year-todate. Westwood continues to be in a unique position, as IAMGOLD has been essentially ...
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
[Regulatory Filings Announcement](index=1&type=section&id=Regulatory%20Filings%20Announcement) IAMGOLD filed its Form 40-F report with U.S. and Canadian authorities, making documents accessible online and via hard copies [Filing Details and Availability](index=1&type=section&id=Filing%20Details%20and%20Availability) IAMGOLD filed its Form 40-F, including 2022 financial statements and AIF, with U.S. and Canadian regulators, making documents available online and as hard copies upon request - **IAMGOLD** filed its **Form 40-F** report, comprising **2022** annual audited financial statements, MD&A, and AIF, with the U.S. SEC (EDGAR) and Canadian securities regulatory authorities (SEDAR) on **March 27, 2023**[1](index=1&type=chunk)[2](index=2&type=chunk) - Filings are also available on the company's website (**www.iamgold.com**), and hard copies of financial statements are available to shareholders **free of charge** upon written request[3](index=3&type=chunk) [Company Overview](index=1&type=section&id=Company%20Overview) IAMGOLD is a Canadian intermediate gold producer operating globally, developing key projects, committed to ESG, and listed on major stock exchanges [Business Description and Operations](index=1&type=section&id=Business%20Description%20and%20Operations) IAMGOLD is a Canada-based intermediate gold producer and developer with active mining operations in North America and West Africa, employing approximately 3,300 people - **IAMGOLD** is an **intermediate gold producer** and developer based in **Canada**[4](index=4&type=chunk) - The company operates mines in **North America** and **West Africa**[4](index=4&type=chunk) - **IAMGOLD** employs approximately **3,300 people**[4](index=4&type=chunk) [Key Projects and Development](index=1&type=section&id=Key%20Projects%20and%20Development) The company is currently constructing the large-scale Côté Gold project in Canada, a joint venture with Sumitomo Metals & Mining of Japan, anticipated to begin production in early 2024, while maintaining a portfolio of early-stage and advanced exploration projects across high-potential mining districts in the Americas - **IAMGOLD** is building the large-scale, long-life **Côté Gold project** in **Canada** in partnership with **Sumitomo Metals & Mining of Japan**[4](index=4&type=chunk) - The **Côté Gold project** is expected to commence production in **early 2024**[4](index=4&type=chunk) - The company has an established portfolio of early-stage and advanced **exploration projects** within high potential mining districts in the **Americas**[4](index=4&type=chunk) [ESG and Corporate Responsibility](index=1&type=section&id=ESG%20and%20Corporate%20Responsibility) IAMGOLD is committed to maintaining a culture of accountable mining through high standards of Environmental, Social, and Governance (ESG) practices, including its Zero Harm® commitment, and is part of the Jantzi Social Index - **IAMGOLD** is committed to maintaining its culture of **accountable mining** through high standards of **Environmental, Social and Governance ("ESG") practices**[4](index=4&type=chunk) - The company's commitment includes **Zero Harm®** in every aspect of its business[4](index=4&type=chunk) - **IAMGOLD** is one of the companies on the **Jantzi Social Index ("JSI")**, which includes companies passing broadly based environmental, social, and governance rating criteria[4](index=4&type=chunk) [Stock Exchange Listings](index=1&type=section&id=Stock%20Exchange%20Listings) IAMGOLD Corporation is publicly traded on both the New York Stock Exchange (NYSE) under the ticker IAG and the Toronto Stock Exchange (TSX) under the ticker IMG - **IAMGOLD** is listed on the **New York Stock Exchange (NYSE:IAG)**[4](index=4&type=chunk) - **IAMGOLD** is listed on the **Toronto Stock Exchange (TSX:IMG)**[4](index=4&type=chunk) [Investor Relations Contact](index=1&type=section&id=Investor%20Relations%20Contact) Graeme Jennings serves as IAMGOLD's VP of Investor Relations, with contact details provided for inquiries [Contact Information](index=1&type=section&id=Contact%20Information) Graeme Jennings serves as the Vice President of Investor Relations for IAMGOLD, providing contact details including phone numbers and email for investor inquiries - **Graeme Jennings** is the **Vice President, Investor Relations**[5](index=5&type=chunk) - Contact information includes Tel: **416 360 4743**, Mobile: **416 388 6883**, Toll-free: **1 888 464 9999**, and email: **info@iamgold.com**[5](index=5&type=chunk)