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IAMGOLD has released its 2023 Sustainability Report, highlighting its achievements in Environmental, Social, and Governance (ESG) practices. This marks the 17th consecutive year of sustainability reporting for the company. IAMGOLD also unveiled its first-ever Tailings Management Report, detailing its governance, strategy, risk management, and performance in handling tailings storage facilities. These reports underscore the company's commitment to sustainable practices, environmental protection, and high standards of health and safety. The reports are available for download on the IAMGOLD website.
The Mining Investment Event of the North, Canada’s premier Tier 1 Global Mining Investment Conference, will be held in Quebec City from June 4-6, 2024. Kinterra Capital Corp. will participate as the Battery and Critical Metals Sponsor. The event will feature over 100 mining companies, including high-profile participants like Agnico Eagle Mines and Glencore Canada. Key sponsors include Laurentian Bank Securities and National Bank Financial Markets. The conference aims to address sustainable and geopolitically secure supply chain solutions for critical minerals, highlighted by Kinterra's focus on 'mine to battery' solutions.
IAMGOLD (NYSE: IAG) reported strong financial and operating results for Q1 2024, with attributable gold production of 151,000 ounces. The highlight was the first gold pour at the Côte Gold mine, marking a significant milestone. Operating guidance for the year remains unchanged, with expected gold production between 430,000 to 490,000 ounces. Revenues were $338.9 million, with an average realized gold price of $2,077 per ounce. The company reported positive EBITDA of $154.1 million and mine-site free cash flow of $46.2 million. IAMGOLD's available liquidity stands at $693.8 million. In terms of health and safety, the company reported improved DARTFR and TRIFR rates. The Côte Gold operation is expected to achieve commercial production in Q3 2024, positioning it among the top gold mines in Canada.