(Kitco News) - IAMGOLD (TSX: IMG) (NYSE: IAG) reported today that its attributable 2022 gold production from consolidated operations of 713,000 ounces surpassed the top end of revised production guidance of 650,000 to 705,000 ounces.
The company's consolidated cash costs and consolidated all-in sustaining costs for its three operating mines are expected to be near the lower end of the 2022 updated guidance ranges of $1,100 and $1,130 per ounce sold and $1,600 and $1,650 per ounce sold, respectively.
"IAMGOLD finished the year with a strong quarter, with production surpassing the top end of our updated guidance estimates," said Maryse Bélanger, Chair and Interim President and Chief Executive Officer of IAMGOLD. "Essakane continued its strong performance producing a record 432,000 ounces for the year, though supply constraints within the country continue to present operational challenges.
"Rosebel reported its strongest quarter of the year resulting from accessing higher grade zones Rosebel and Saramacca in line with the mine plan. We are proud of our accomplishments at Rosebel and anticipate closing of the transaction with Zijin in the first quarter of 2023."
"Looking ahead, we are fully focused on operating safely and bringing Côté Gold into production. We remain on track to commence production at Côté early next year. We will be providing a Côté update as well as operational and financial guidance with our year-end results in February," concluded Ms. Belanger.
IAMGOLD is an intermediate gold producer and developer based in Canada with three operating mines in North America, South 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.
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