IAMGOLD gains as Q4 earnings report reveals cost discipline
Feb 18 2015, 18:58 ET | About: IAMGOLD Corporation (IAG) | By: Carl Surran, SA News Editor IAMGOLD (NYSE:IAG) +2.1% AH after reporting mixed Q4 results but beating its cost guidance, with all-in sustaining costs falling consistently throughout the year to $1,021/oz. in Q4, a $209/oz. drop from the same quarter in 2013.
Q4 attributable gold production totaled 241K oz., up 7% Q/Q and higher for the third straight quarter due to improving grades at Essakane and Rosebel; all-in sustaining costs of $1,021/oz. were lower for fourth consecutive quarter.
IAG says it expects to produce 820K-860K oz. of gold in 2015, and sees a ramp-up in production at Westwood in its first full year of commercial production; all-in sustaining costs for 2015 are forecast at $1,075-$1,175/oz.
Also says total attributable proven and probable gold reserves fell 15% Y/Y to 8.6M oz. of gold at the end of 2014.
Denke, der Markt hat schlechteres erwartet... |