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TSX :IMG : 4.35 -0.03 -0.69% Volume: 1,391,893 August 19, 2019
NYSE :IAG : 3.28 -0.03 -0.91% Volume: 1,000 August 19, 2019
GOLD PRICE: 1,503.65 +7.27 +0.49% Volume: August 20, 2019
guidance

Guidance

2019 Full Year Attributable Guidance1


2019

Essakane (000s oz.) 375 – 390
Rosebel (000s oz.) 315 – 330
Westwood (000s oz.) 100 - 120
Total owner-operator production (000s oz.) 790 – 840
Sadiola Joint Venture (000s oz.) 20 – 30
Total attributable production (000s oz.) 810 - 870

Cost of sales2 ($/oz) $790 - $840

Total cash costs 3,4 - owner-operator ($/oz.) $765 - $815
Total cash costs 3,5 ($/oz.) $765 - $815

All-in sustaining costs 3,4 - owner-operator ($/oz.) $1,030 - $1,080
All-in sustaining costs3,5 ($/oz.) $1,030 - $1,080

1 Guidance for 2019 is based on the following assumptions:

  • Average gold price per ounce of $1,225; average crude oil price per barrel of $62; U.S. dollar value of the Euro of $1.15; and Canadian dollar value of the U.S. dollar of $1.30

2Cost of sales, excluding depreciation, is on an attributable ounce sold basis (excluding the non-controlling interest of 10% at Essakane and 5% at Rosebel) and does not include the Sadiola Joint Venture which is accounted for on an equity basis.

3 This is a non-GAAP measure. Refer to the non-GAAP performance measures section of this MD&A.

4Consists of Rosebel, Essakane, and Westwood on an attributable basis.

5 Consists of Rosebel, Essakane, Westwood, and the Sadiola joint venture on an attributable basis.


2019 Capital Expenditure Outlook

($ millions) Sustaining1 Non-sustaining (Development/ Expansion) Total2
Owner-operator
Essakane 75 50 125
Rosebel 70 75 145
Westwood 15 30 45

160 155 315
Corporate and Development Projects2 - 40 40
Total3,4 (±5%) 160 195 355

1 Sustaining capital includes capitalized stripping of $40 million for Essakane and $30 million for Rosebel.

2 Includes $16 million of capitalized exploration expenditures.

3 Capitalized borrowing costs are not included.

4In addition to the above capital expenditures, $10 million in total principal lease payments are expected. In 2019, we expect capital spending to be $355 million ± 5%, which reflects an increase over 2018 as the Company will advance growth projects. Sustaining capital is expected to remain at a level similar to 2018.

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