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Iamgold Corporation (IAG) Hit a 52 Week High, Can the Run Continue?
ZACKS· 2024-08-13 22:16
Have you been paying attention to shares of Iamgold (IAG) ? Shares have been on the move with the stock up 14.6% over the past month. The stock hit a new 52-week high of $4.78 in the previous session. Iamgold has gained 86.6% since the start of the year compared to the -7.1% move for the Zacks Basic Materials sector and the 23.3% return for the Zacks Mining - Gold industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consen ...
IAMGOLD(IAG) - 2024 Q2 - Earnings Call Transcript
2024-08-10 00:23
财务数据和关键指标变化 - 公司现金和现金等价物为5.114亿美元,未动用的信贷额度为4.04亿美元,总流动性约为9.157亿美元 [20] - 公司在第二季度完成了3亿美元的股权融资,用于部分收购Cote Gold剩余9.7%的权益 [22] - 公司需要在2024年7月至2025年6月期间交付15万盎司黄金,并将获得相应的现金收入 [22][23] - 公司预计将在2024年收到8,440万美元的资产出售收益 [23] - 第二季度收入为3.853亿美元,平均实现金价为2,294美元/盎司 [24] - 调整后EBITDA为1.911亿美元,较上年同期增加1.27亿美元 [25] - 调整后每股收益为0.16美元,较上季度0.11美元有所提升 [25] 各条业务线数据和关键指标变化 Essakane - 第二季度产金111,000盎司,同比增长26%,全年产金指引上调至38-41万盎司 [27][30] - 现金成本为1,081美元/盎司,AISC为1,481美元/盎司,较上季度略有上升 [30] - 预计全年现金成本为1,175-1,275美元/盎司,AISC为1,575-1,675美元/盎司 [31] - 资本支出指引上调至约1.75亿美元,主要由于剥离比上升 [31] Westwood - 第二季度产金35,000盎司,同比增长84%,全年产金指引上调至115,000-130,000盎司 [33][35] - 现金成本为1,131美元/盎司,AISC为1,663美元/盎司,持续下降 [34] - 预计全年现金成本为1,200-1,300美元/盎司,AISC为1,775-1,900美元/盎司 [35] Cote - 第二季度处理834,000吨矿石,平均品位1.4克/吨,产金34,000盎司 [41][42] - 预计全年产金将达到220,000-290,000盎司(100%基准),公司指引下调至下限 [42] - 采矿成本约为4美元/吨,与加拿大同行水平相当 [41] - 公司计划在9月进行10-15天的停机检修,以解决干选和除尘等问题 [51][52] 各个市场数据和关键指标变化 - 无明确提及各个市场的数据和关键指标变化 公司战略和发展方向及行业竞争 - Cote Gold项目正在顺利投产,将成为加拿大最大的黄金矿山之一,体现了公司现代化采矿的理念 [10][11][45] - 公司正在进一步勘探Gosselin矿区,以评估将其纳入未来的采矿计划 [45][46][47] - Essakane和Westwood矿山将继续为公司贡献稳定的产量和现金流 [11][32][35] - 公司正在努力提高Cote的产能利用率,计划在2025年实现满负荷生产 [45][51][52] 管理层对经营环境和未来前景的评论 - 公司财务状况持续改善,有望在明年Cote全面投产和偿还预付款后实现重大改善 [12] - Essakane和Westwood的出色表现,加上Cote的投产,将使公司的价值密度向加拿大倾斜 [10][11] - 公司有信心在2025年实现Cote的满负荷生产,届时将成为加拿大最大的黄金矿山之一 [45][52] 其他重要信息 - 公司在安全方面持续努力,Essakane矿场创下了500万工时无可记录安全事故的里程碑 [13] - 公司正在积极推进对Bambouk资产的剩余交易,预计2024年内完成 [77][78] 问答环节重要的提问和回答 问题1 **Anita Soni 提问** Cote项目产量预计下调至下限的主要原因是什么,是否与产能利用率或回收率有关?停机检修将持续多长时间? [50][51] **Renaud Adams 回答** 主要原因是总吨矿加工量,公司在第二季度暂停生产以解决一些问题。公司计划在9月进行10-15天的停机检修,以解决干选和除尘等问题。 [51][52][53] 问题2 **Tanya Jakusconek 提问** Cote项目采用的自动驾驶卡车目前的可用性如何?矿石堆场中1.6克/吨品位的存量是多少?在停机检修期间,所需的备件和耗材是否已经到位? [97][99][105] **Renaud Adams/Bruno Lemelin 回答** 自动驾驶卡车的可用性约为85%。1.6克/吨品位的矿石存量约为50万吨。所需的备件和耗材大部分已经到位,少量将在8月底和9月初到位。 [98][100][106] 问题3 **Tanya Jakusconek 提问** Essakane和Westwood矿山在下半年的产品品位预计如何变化?是否会逐季下降? [111][115][116] **Renaud Adams 回答** Essakane矿山7月份品位还较好,8月开始会逐步下降。Westwood矿山已接近储量品位,下半年品位变化可能不大。公司在指引中考虑了一定的风险因素。 [113][114][116][117]
IAMGOLD(IAG) - 2024 Q2 - Quarterly Report
2024-08-09 09:06
All monetary amounts are expressed in U.S. dollars, unless otherwise indicated. TSX: IMG NYSE: IAG NEWS RELEASE IAMGOLD REPORTS SECOND QUARTER 2024 RESULTS Toronto, Ontario, August 8, 2024 - IAMGOLD Corporation (NYSE:IAG, TSX:IMG) ("IAMGOLD" or the "Company") today reported its financial and operating results for the second quarter ended June 30, 2024. "We are very proud of our achievements during the first half of the year at IAMGOLD," said Renaud Adams, President and Chief Executive Officer of IAMGOLD. "E ...
IAMGOLD Reports Second Quarter 2024 Results
Newsfile· 2024-08-09 06:55
. ● . ● IAMGOLD Reports Second Quarter 2024 Results August 08, 2024 6:55 PM EDT | Source: IAMGOLD Corporation All monetary amounts are expressed in U.S. dollars, unless otherwise indicated. Toronto, Ontario--(Newsfile Corp. - August 8, 2024) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) ("IAMGOLD" or the "Company") today reported its financial and operating results for the second quarter ended June 30, 2024. "We are very proud of our achievements during the first half of the year at IAMGOLD," said Renaud Ada ...
3 Stocks That Can Double Within 6 Months on Business Growth Catalysts
Investor Place· 2024-08-07 18:26
In mid-July, the S&P 500 index touched highs of 5669. From those all-time highs, the index has already corrected by 8%. Macroeconomic and currency factors in Japan unexpectedly triggered a sharp correction quickly. There is a sense of caution, which has translated into lower speculative activity. However, even if we leave out meme ideas, some stocks can double within the next six months. This column focuses on three fundamentally strong ideas that are positioned for a big rally. An important point is that i ...
IAMGOLD Announces Commercial Production at Côté Gold
Newsfile· 2024-08-02 19:00
● ● ● IAMGOLD Announces Commercial Production at Côté Gold August 02, 2024 7:00 AM EDT | Source: IAMGOLD Corporation Toronto, Ontario--(Newsfile Corp. - August 2, 2024) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) ("IAMGOLD" or the "Company") is pleased to announce that the Côté Gold Mine ("Côté Gold" or "Côté") has reached commercial production. Côté Gold is located in Ontario, Canada and is operated as a joint venture between IAMGOLD, as the operator, and Sumitomo Metal Mining Co., Ltd. ("Sumitomo"). Comm ...
British Airways parent IAG drops bid for Air Europa
Techxplore· 2024-08-02 03:26
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Air Europa will not join the IAG Group after owner of British Airways and Ibera abandoned the acquistion in the face of competition concerns by regulators. Airline giant IAG, owner of Spanish airline Iberia and British Airways, said Thursday it had dropped its bid to buy Spain's Air Europa due to the "current regulatory environme ...
Why Iamgold (IAG) Outpaced the Stock Market Today
ZACKS· 2024-07-30 07:15
Iamgold (IAG) closed at $3.95 in the latest trading session, marking a +0.77% move from the prior day. This move outpaced the S&P 500's daily gain of 0.08%. Meanwhile, the Dow lost 0.12%, and the Nasdaq, a tech-heavy index, added 0.07%.The gold and niobium mining company's shares have seen an increase of 4.53% over the last month, surpassing the Basic Materials sector's loss of 1.43% and the S&P 500's loss of 0.21%.The investment community will be closely monitoring the performance of Iamgold in its forthco ...
Is Iamgold (IAG) Stock Undervalued Right Now?
ZACKS· 2024-07-29 22:45
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being un ...
New Strong Buy Stocks for July 19th
ZACKS· 2024-07-19 18:46
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Micron Technology (MU) : This company which has established itself as one of the leading worldwide providers of semiconductor memory solutions, has seen the Zacks Consensus Estimate for its current year earningsincreasing 31.8% over the last 60 days.Iamgold (IAG) : This international gold exploration and mining company based in Canada, has seen the Zacks Consensus Estimate for its current year earnings increasing 12.0% over the last 60 ...