IAMGOLD IAMGOLD reports net loss in Q3, revises FY2022 production guidance upwards
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The company expects that its FY 2022 production will exceed the top end of the previous guidance range of 570,000 to 640,000 ounces and is revising guidance upwards to 650,000 to 705,000 ounces. The company added that mine-site free cash flow for the third quarter 2022 was $59.2 million, up $16.4 million, from the prior quarter, primarily due to higher free cash flow at Essakane and Westwood due to higher sales volume, partially offset by lower free cash flow at Rosebel primarily due to changes in working capital and lower average realized gold price.
"IAMGOLD has continued to build upon its recent successes, reporting attributable gold production of 184,000 ounces, which represents the highest quarterly production for the company in over 2.5 years, driven by record production from Essakane," stated Maryse Bélanger, Chair and Interim President and CEO of IAMGOLD.
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