IAMGOLD shares dip on cost hikes
The company has raised its cost guidance for the year.
The company has raised its cost guidance for the year.
MP’s stock has more than quadrupled in 2025.
The Friday price moves give the New York gold futures a premium of more than $100 an ounce over the London Benchmark.
The expansion of the sulphide concentrator at the Mantoverde property in Chile is proceeding, though it's costlier than expected.
The South America-focused gold and copper miner is done with investors in Canada.
The Singapore unit of Boroo will also pay a 0.5% net smelter return royalty on gold and silver until 2 million ounces are produced.
The miner sparked scrutiny after slashing gold output targets and tripling capital spending just one month after its ASX debut.
Switzerland, as the world’s top gold refiner, shipped about $61.5 billion worth of gold to the US in the year to June.
The company plans to restart over 50,000 metric tons of idled production by end of June 2026.