Iamgold CEO eyes pivotal year in 2023 CanadiansInvest
-NYSE] Interim President and CEO Maryse Belanger said 2023 will be a pivotal year for the company as it continues to focus on development of the Cote gold project in Ontario, which is 73% complete.
Iamgold is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa. The company is building the long- life Cote project with partner Sumitomo Metal Mining Co. Ltd. of Japan. In October, 2022, the company said it had agreed to sell its interest 95% interest in Rosebel Gold Mines in Suriname to Zijin Mining Group Co. Ltd. for US$360 million.
Iamgold reported a net earnings and adjusted net loss per share attributable to equity holders of $ and $ for the fourth quarter respectively and a loss of $ and $ for the year ended December 31, 2022 respectively. Iamgold’s financial results were released after the close of trading on February 16, 2023, when the shares closed at $3.13. They are currently trading in a 52-week range of $4.74 and $1.26.
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