IAMGOLD Corporation (TSX:IMG) has reported its consolidated financial and operating results for the three and nine months ended September 30, 2021. Preliminary operating results for the third quarter of 2021 were disclosed on October 18, 2021.
HIGHLIGHTS:
- Attributable production of 448,000 ounces YTD 2021
- Mine-site free cash flow of $121.6 million and adjusted EBITDA of $265.7 million YTD 2021
- Q3 2021 adjusted net loss of $20.1 million or $0.04 per share attributable to equity holders
- Total available liquidity of $1.2 billion, including $748.3 million in cash and equivalents
- Côté Gold 36% complete; project remains on track for commercial production in H2-2023
- Commitment to achieve net negative GHG emissions by no later than by 2050
“The third quarter of 2021 saw improvement in our operating performance supported by the continued strong results at Essakane. Rosebel performed in line with the revised plan,” President and CEO, Gordon Stothart, said.
“Construction activities at Côté continue to proceed well, reaching 36% project completion at quarter end. First steel installation of the plant building commenced in mid-October, and the project remains on track for commercial production in the second half of 2023.”
“A significant exploration milestone was achieved at Gosselin, located immediately to the northeast of Côté Gold. In October we published an initial mineral resources estimate of 3.4 million ounces in indicated and 1.7 million ounces in inferred categories, further enhancing the long-term value and district-scale potential of Côté.
“As part of our Zero Harm vision, we were also very pleased to announce our greenhouse gas initiative with a commitment to achieve net negative emissions by no later than 2050.”
For further information please visit: https://www.iamgold.com
