TORONTO – IamGold Corp. recorded revenues of US$288.6 million in Q2 2014, up from the US$301.1 million in the same quarter of 2013. That left the company with net cash from operations of US$96.8 million, up 155% from the US$37.9 million at the end of June a year ago.
The company said that attributable gold production for the latest quarter was 206,000 oz. All-in sustaining costs for all mines in which IamGold has an interest was US$881 per oz. But for mines where IamGold is the sole owner, AISC was US$861 per oz.
The Niobec mine in Quebec produced 1.4 million kg of niobium with an operating margin of US$18 per kg. IamGold has revised its 2014 guidance for the mine upward to 5.5 million kg from 5.2 million kg.
The corporate presentation for the second quarter may be viewed at IamGold.com.
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