IAMGOLD(US:IAG)2023-08-11 18:00Financial 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]