Iamgold Announces Côté Gold Cost Reductions and Plan to Repurchase Franco-Nevada Royalty Interest
Iamgold Corporation reported a steady third quarter, producing 186,900 attributable ounces of gold, bringing its year-to-date production to 558,600 ounces. The company remains on track to meet its full-year production targets. Looking ahead, Iamgold outlined significant operational improvements for the Côté Gold project, targeting a cash cost reduction to approximately $150 per ounce starting in 2027. Additionally, the company plans to repurchase 50% of its royalty interest from Franco-Nevada for approximately $525 million, a move intended to consolidate value within the firm.
Topics: gold production management commentary quarterly earnings
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Part of the story IAMGOLD Announces Royalty Repurchase and Strong Operational Performance at Côté Gold (3 articles)