Sltrader schrieb am 08.11.2016, 14:42 Uhr[/url]"]
TSX: IMG NYSE: IAG
TORONTO, Nov. 7, 2016 /CNW/ - IAMGOLD Corporation ("IAMGOLD" or the "Company") today reports its financial and operating results for the quarter ended September 30, 2016.
"We had strong third quarter results, with net earnings increasing $102 million and net operating cash flow increasing $117 million from the same period last year," said Steve Letwin, IAMGOLD President and CEO. "Comparing results to the second quarter, net earnings rose $29 million and net operating cash flow increased by $55 million. Gold production increased by 7% from the second quarter to 210,000 ounces and all-in sustaining costs were reduced by $68 an ounce to $1,046 an ounce. Essakane's performance was stellar, with production up 17% and all-in sustaining costs at $815 an ounce, and Rosebel's performance optimization initiatives are transforming the operation. Lower operating costs are a major reason for reducing our consolidated cash costs guidance for 2016 to $740 - $770 an ounce.
"The $230 million equity financing enabled us to reduce long-term debt by 23%," continued Mr. Letwin, "and has strengthened our capacity to fund organic growth. Westwood is on track to achieving full production by 2019. Moving forward with the Sadiola Sulphide Project could see an expanded plant come on line by early 2019. And at Rosebel, where the growth emphasis has been on securing soft rock, we achieved a significant milestone with the signing of an agreement to acquire Saramacca. Our exploration team is currently drilling known mineralized zones to advance them to a resource stage as soon as possible. Beyond these internally funded priorities, Côté Gold, one of the largest undeveloped deposits in Canada, remains a solid growth opportunity."
Third Quarter 2016 Highlights
Attributable gold production of 210,000 oz, up 7% from Q2/16 and Q3/15.
All-in sustaining costs1 of $1,046/oz sold and total cash costs1 of $714/oz produced.
Essakane increased gold production by 17% from Q2/16 and reduced all-in sustaining costs by 25% to $815/oz.
Earnings from operations of $33.8 million, up $27.8 million from Q2/16 and up $76.0 million from Q3/15.
Gold margin1 of $612/oz up $99/oz from Q2/16 and $282/oz from Q3/15.
Net earnings of $17.0 million ($0.04 per share) compared to a net loss of $12.2 million ($0.03 per share) in Q2/16 and a net loss of $85.0 million ($0.22 per share) in Q3/15.
Adjusted net earnings from continuing operations1 were $21.8 million ($0.05 per share1) compared to adjusted net earnings of $5.9 million ($0.01 per share) in Q2/16 and an adjusted net loss of $46.9 million ($0.12 per share) in Q3/15.
Net cash from operating activities of $126.6 million, up $55.4 million from Q2/16 and up $116.8 million from Q3/15.
Cash, cash equivalents and restricted cash were $750.8 million as at September 30, 2016.
Revolving credit facility commitments increased to $170 million with additional commitments of $30 million.
Completion of $230 million (gross proceeds) equity financing enables debt reduction and strengthens financial capacity to fund organic growth.
Reduced long-term debt by 23% through the purchase of $145.9 million (face value) of our outstanding senior unsecured notes.
Entered into an acquisition agreement for the Saramacca property in Suriname with the intent of defining a National Instrument 43-101 compliant mineral resource within the next 24 months.
Additional assay results from the Boto project in Senegal confirm wide intervals of high-grade mineralization in the footwall of the main deposit which was not fully tested in previous drilling programs. Highlights include 22 metres grading 4.04 g/t Au and 32 metres grading 5.19 g/t Au.
Expect to achieve higher end of 2016 production guidance of 770,000 - 800,000 ozs.
Lowered and narrowed 2016 total cash costs1 guidance range from $775 - $815/oz to $740 - $770/oz; narrowed all-in sustaining cost1 range from $1,000 - $1,100/oz to $1,050 - $1,100/oz.
Moody's Investor Service updated the outlook for IAMGOLD to "positive" from "negative" and S&P Global Ratings revised its outlook to "positive" from "stable".
......
http://www.iamgold.com/English/inv...cash-flow-up-117-million-or-1192/default.aspx
manchmal sind die Reaktionen etwas unverständlich.....andere mit besseren Ergebnissen bleiben wo sie sind
