Production at Canada-based gold miner Iamgold could fall below 700 000 oz this year, owing to the continuing global Covid-19 crisis.
The company, which owns assets in Canada, Burkina Faso, Mali and Suriname, on Monday lowered its guidance for 2020 to between 685 000 oz and 740 000 oz, compared with its previous guidance of 700 000 oz and 760 000 oz for the year.
Iamgold also lowered its capital expenditure (capex) guidance by $25-million to $345-million and revised upwards its cost guidance, with all-in sustaining costs to range between $1 195/oz and $1 245/oz.