IAMGOLD reports adjusted net earnings from continuing operations of $25M in first quarter

- IAMGOLD yesterday reported attributable gold production from continuing operations of 113,000 ounces in Q1 2023, a decline of 12% compared to Q1 2022 .

The company said that its attributable gold production guidance for 2023 is unchanged and is expected to be in the range of 410,000 to 470,000 ounces. The company noted it anticipates that costs will increase during the second and third quarters of 2023 and could be at or above the high end of the annual guidance range due to higher volumes of waste stripping planned during these periods.

IAMGOLD also reported Q1 2023 net earnings attributable to equity holders of $6.3 million or $0.01 per share and adjusted net earnings attributable to equity holders of $24.9 million or $0.05 per share. Cash and cash equivalents amounted to $532.1 million as at March 31, 2023.

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