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Guidance

2020 Full Year Attributable Guidance1


UPDATED 2020 GUIDANCE
IAMGOLD Full Year Attributable Guidance Revised1 Previous2
Essakane (000s oz.) 350 - 370 365 - 385
Rosebel (000s oz.) 250 - 270 245 – 265
Westwood (000s oz.) 85 - 100
90 - 110
Total attributable production (000s oz.) 685 - 740 700 - 760

Cost of sales3 ($/oz) $955 - $995 $900 - $950

Total cash costs 4,5 ($/oz) $920 - $960 $840 - $890

All-in sustaining costs 3,4 ($/oz.) $1,195 - $1,245 $1,100 - $1,150

1The revised outlook is based on 2020 full year assumptions with an average realized gold price of $1,500 per ounce, U.S.$ / Canadian $ exchange rate of 1.40, € / U.S.$ exchange rate of 1.12 and average crude oil price of $35 per barrel.

2The previous outlook was based on 2020 full year assumptions with an average realized gold price of $1,350 per ounce, U.S.$ / Canadian $ exchange rate of 1.30, € / U.S.$ exchange rate of 1.15 and average crude oil price of $62 per barrel.

3Cost of sales, excluding depreciation, is on an attributable ounce sold basis (excluding the non-controlling interest of 10% at Essakane and 5% at Rosebel).

4This is a non-GAAP measure. Refer to the non-GAAP performance measures section of the MD&A.

5Consists of Essakane, Rosebel, and Westwood on an attributable basis.

2020 Capital Expenditures Outlook

Revised Previous
($ millions) Sustaining1 Non-sustaining (Development/ Expansion)2 Total Sustaining1 Non-sustaining (Development/ Expansion)2 Total
Owner-operator
Essakane 40 80 120 40 100 140
Rosebel 60 55 115 55 60 115
Westwood 25 15 40 25 25 50
125 150 275 120 185 305
Côté Gold (70) - 45 45 - 35 35
Boto Gold - 25 25 - 30 30
Total3,4,5 (±5%) 40 100 140 120 250 370

1Sustaining capital includes capitalized stripping of $15 million for Rosebel.

2Non-sustaining capital includes capitalized stripping of $65 million for Essakane (previously $80 million) and $30 million for Rosebel (previously $35 million).

3Includes $16 million of capitalized exploration and evaluation expenditures (previously $11 million). Refer to the Exploration section of the MD&A.

4Capitalized borrowing costs are not included.

5In addition to the above capital expenditures, $20 million in total principal lease payments are expected.

We reduced our 2020 capital expenditure guidance by $25 million to $345 million (±5%). Non-sustaining capital expenditures decreased by $30 million and sustaining capital expenditures increased by $5 million compared to the previous guidance. The $30 million decrease in non-sustaining capital expenditures was primarily due to a reduction in capitalized stripping ($10 million) and timing of spend on other projects ($5 million) at Essakane, timing of spend on the Saramacca Project ($5 million), and lower development at Westwood ($10 million), partially offset by higher expected capital expenditures to continue progressing the Early Works program at the Côté Gold Project ($10 million).


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