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welcome to President CEO. I would as and begin Interim like I Before Maryse
in challenges capacity much the before look important development improvements capability her actively and appointed new additional experience us. Chair with As Her her project strengths efficiency as and role. since business been to the actively bring in she very engaged in and proven and being addressed has the we in to mentioned, working and she we team operational forward management
Turning to gold per a production continues attributable flat sales directly focus ounces our production and $XXXX the go IAMGOLD $XXXX Health costs in and employees zero Rosebel. up unit performance held cash and to harm strong improvements key the in IAMGOLD basis, a delivered for to at of safe strong improvements XX,XXX cost as start sold and a per On year quarter quarter-over-quarter. volumes XX% quarter, on cost to sustaining cost were our the home prior ounces ounce translated Essakane of all safety from ounce with continued The XXX,XXX in long effectively results strong be or from at sold. higher all vision. ensuring reflected at
COVID-XX rates Rosebel, injuries rising no For time of of significant rate target our us early was the duty the was to tracking in year. above for a target and transfer The resulted continues quarter, lost currently at positive focus Rate cases with Côté over first workforce translates another days which rising the The evolve operations including recordable XXXX. of X.XX, Westwood, remained total quarter date. pandemic X.XX to million our it in milestone X.XX of X.X a absenteeism Gold our to injuries DART to and or away our X.XX, quarter. at and mid-first Frequency hours impacts managing Côté achieved the for below annual surpassing
impacts the further in We address will following remarks. these
XXXX XXXX ounce Cost XXXX be production per this at between sold ounce to XXX,XXX year and and XXXX sold. guidance our guidance Looking per XXX,XXX cash ahead costs be is sustaining unchanged all for gold and attributable expected and remains with costs the unchanged expected to XXXX in time for to also be to our of is expected the ounces. range between
January these assumption in key previously inflation X% included X% of on As consumables. reported an to estimates issued
cost chains, consumables such and constrained the Towards cyanide. and of supply lime, quarter average cost sanctions additional ammonium global from the further Russia end key oil, of with the arising grinding systemic on media, certain emerged trade as first increasing the nitrate, pressures inflation,
our cost We higher varying continue to progressing appropriate as as IAMALLIN increases. our to including our prices effort these mitigate sourcing quality to well through operational program in at at pressures offset oil ongoing hedge the oil at supply alternatives prices existing sometimes Increases by an certain of the initiatives of been productivity and although work with mitigated chain operation alternatives seek to improvement cost in have program. partially
$XX The oil in noted sales cost prices Operating ounces external card. earnings per ounce flow impact we delivery These as for XXX.X cash average arrangement contracts. For changes MD&A cost price translates capital adjusted are further or $X.XX in XXX was first increase site cost. ounce ounces our to revenues $XX approximately our to million million translating same per and on the $X that a quarter of that up in barrel came an increase first guidance in XX.X basis. million. we our attributable working may the share. pressures the under per increase continued Without flow ounce revenues result average the increase reference, we at million in was in the highlights which provide or an cash free next a In XXX.X Adjusted for quarter XXXX XX.X ounce. the monthly per the quarter. for closed price XXX,XXX from $XXXX XX,XXX will realized and physical updates and The equates quarter to hedging realized EBITDA of per per per our totaled $XX quarter contracts quarter cash key the at XXXX increase before included cash some financial $XXXX net million mine of following first in XXXX results. almost to our of XXX,XXX estimates prepay barrel first quarter was Gold gold
cash in investments In cash equivalents $XXX financial ended we almost million XXX terms just in of of for our over the million quarter with and total short-term a $X million. position and
course the first XXX,XXX year will of ounces settled over the the the a received On million the XXXX. master be been into million. physically reporting be which the is XXXX entered to release our of XXXX of During prepay XXX This budgeted with be expected in XXth we these we value lease quarter agreement and approximately over with have cash expectations CAT net to with $XX we XXX on a course arrangement April equipment line to million leases. relation which mobile Financial in in to XXXX of costs and delivered of the in project Côté received
cash the with quarter. million year Gold, investing of expenditures of Essakane, million of operations decreased in equivalents offset activities Cash Boto. was balance we $XXX over XX of and In million capital at Westwood, XXX.X Côté by net and from cash reflecting the XXX.X first just course generated over by of the million and the started income from Rosebel, terms taxes outflows flows
negative quarter-over-quarter currently more blending and of recovery. were operations or peaked XX% quarter-over-quarter, will We the the the the XX.X optimized and attributable management cases end sustaining ounces expenditures quarter Mining or COVID-XX sales grade, of now in XXX,XXX benefiting of highest was quarter or by detail. the in situation in on continued of line production blend operation with Mill higher and tons ounce was in The million XX at our expectations prior reported the production mitigate recoveries sold the XXX higher political feed, graphitic to for capital mill. normally through grades than Burkina primarily [indiscernible]. in X.X from per gold strategy X.XX of impact in XX%, quarter activity sustaining date above grades the million grams the higher grades by XX.X and higher average availability helps and per cost modestly respectively material production Essakane achieved rehandling walk each and head Faso the procedures. and with due prior of delivered million and the stable. on result of sold due year. per higher million XX% plant was higher line earlier of feed Ore ounce of versus XXXX and of quarter-over-quarter throughput head to tons following ton, at a of offset from efficiencies the developments Head all came mill higher lower is XXXX to quarter. to in in of as anticipated content lower and optimize higher costs Cash XX%. up the
Although chain proactive to the on continue ensure our of site at security and it environment the the continue ground safety levels we and according to and personnel and to country by the supply our activity security the protocols circumstances. circumstances, in the to we the is security continually challenged measures take adjust
in investments cost site. These in mine investments the and additional certain and and infrastructure furthering are our security CAPEX measures guidance. at captured the region We in are
XXXX the is top potential closer pit end with XXX,XXX the to XXX,XXX in whether grades ounces Essakane Head investigating Looking are and increased to normalize amounts the higher in the positive at attributable are expected of approximate the reserve coarse expected the as updated block the block grades ahead range reconciliation gold. of estimating of grades be the further gold higher production to in grades reflecting first lower of year the under to portions mineralization grades and and we between over the mine the expected complexity may than has model. the for course the reserve of model of quarter
the grade is ADR impact weather than is in Saramacca some of mined challenge due managing quarter-over-quarter a phases up at to currently The quarter road good and the progress increase activities attributable higher January. to grams lower Near X% tons XX.X site miners. benefiting fag to of partially by production the following provide sales higher mill. than recovery per than quarter the The operation once offset higher grade XX% first new all related volume due mined head and throughput by fourth benefiting completed X% improvements XXXX. tons Cash to lower sustaining intrusions The to recovery relining that was of ounce prior Material $XXXX the X% sold respectively X% due to with cost million carbon at maintenance cases reserve situation of is in quarter-over-quarter XX,XXX of year. it waste impacted of be by achieved XX% prior completion mined. an including lower COVID in from in the X.X XXXX. quarter $XXXX the March in average stabilized ramp by the grades ounces the quarter offset lagged Rosebel, costs throughput. quarter in the to million from during which of reported as end with and had grade mill expected the a of head haul the stripping. which The head ounce Mill continued sold at of stripping the to by improved X.X were [ph] in and from the a primarily illegal or which per expenditures and is a at quarter-over-quarter continued ton to is work to lower the at grade an increase which higher lower phase Turning per XX% start access sustaining mostly capital partially circuit quarter
labor the to as gold first attributable remains Rosebel for the ounces guidance ahead, production the of for rains quarter which collective the year. XXX,XXX August XXX,XXX half second are in unchanged the to the the at in have operations. seasonal agreement and subside agreement in Looking to been scheduled in to new times between typically prolonged and that the and We year a expires weightage XXXX of at of third at past peak the half negotiations disruptive XXXX commence note
Westwood, to volumes the situation and dilution. track. The was and in prior double quarter. in were XXX,XXX a year. in continue the the district absenteeism for of restart in complex COVID-XX, quarter improved Underground than XXX XX,XXX lower central is our construction region. quarter the quarter. you and mitigated on the second with safe of fourth higher of half on of last in significantly lower shortages first to This zones quarterly partially grades the completed at which provide sites of developments that which now over with labor the update lateral I of from in the which by Gold Westwood Mining unchanged production the the meters stabilized guidance assumes quarter was is development higher XX,XXX Côté COVID-XX gold XXXX tons due at will to XX,XXX resulting Turning and at of second general XX% west remains and range higher underground ounces production ounces the XXXX project. end an of Gold of the of
and schedule review on project relates and into invoiced get first project and of I estimates, The $XXX incurred provide updates. updates we we and in spend million and cost. completed some Before will analysis $XX.X the yet the work payments. million balance project In and to the risk key quarter costs cost not timing expanded between incurred
on As rendered plant previously announced, February our concrete batch XXth. was inoperable following a fire
a availability plan been small to which and as moment a mitigation from project in project commissioned moment. announced This and inside has costs in efforts then we and should panel and project infrastructure grinding mid-April. and mitigation with the response commencement and of ores progressed do completed commenced. building preparation to take to schedule mechanical the schedule batch complete could by contractor. second event. due spare sourcing mobile and of result thaw. in has suppliers of Installation work cladding high for maintenance re-estimation handle a building want challenges the the XX% February, and Wall the the All the Our concrete quarter be the productivity the foundation January has replacement erection medium critical nearing plant contractor and continued lag faced followed to of bay as structural the completed section to quickly completed. incorporated the completion plan, is productivity building. installation rates discuss the foundation by the allowing pre-leach improved a however, plant. sourcing our rapid of steel of Earthworks has of equipment applaud Structural project compared teams tanks installation We will into batch is leach in of the interior and was has bay concrete ongoing to concrete batch in quarter, local and The due lower the with including sized contractor the The spring the of mid-March fire a work the been area roof this agile plants been teams for and operational plant and grinding [indiscernible]. reduced their other over well over since and for section high impact proactive as COVID-XX absenteeism which a the to starting of in was to the parts thickener
However, other had a power year-end and this the in cases with Ontario approximately force. work reported rapid on of construction steel quarter. XX our of negative We ongoing. first in results the in the installation The was large kilometer connected on to not number line and provinces critical Site with rise camp including January power a on path. of the is activities is impact staffing part pole in that was infections first work a plan the XX% in construction grid
was XXX% mandatory Côté materials, events impact and project doses vaccine of had policy on consumables. a being with of commodities, global Our in chains, inflation of and site supply the personnel cost vaccination background is including January productivity, developed labor a global and that introduced April Gold their availability is and of X. and COVID-XX the by two
Director is This of EPCM experts project optimization undertaken project being has and other IAMGOLD certain As continuing evaluation along review previously following the with to by analysis dubbed XXXX, and/or of previously contractor, and technical team, opportunities. project in super risk risk appointment and the potential schedule December is mitigation trend. disclosed, been strategy and Jerzy and the scheduled cost assess the commenced as review cost Project estimated a Orzechowski Executive and execution
in range Earthworks, timing X.X costs pressures We Gold scope provisions excluding approximately last instrumentation on a and Director and project between working of of indirect to a the leadership certain rate components, April other have procurements based under a team in the and to impacts impacts and contingencies an and impacts underground ongoing and X.XX. intends the concrete cost is updated project February that Process integration for upwards X, new estimates overestimation estimate company million target currently packages. more dewatering. dams contingencies data X.X key and geotechnical parts, the estimates And and Côté lower its oversight, and team, project are has that categories the the well XXX XXrd escalation between readiness, Accordingly, estimation SMPEI shortly In to project be and on XXXX to been that between preliminary on projected previous and is Since knowledge, approximately and and in of Earthworks, the the increase efficiencies other and trend review is consumables, electrical is the million approximately and with impacting provide the work operation and company to been approximately of costs Project earthmoving the at inflation and the above caution the range seen FX an a cost with contingencies, of guidance. cost completion on of costs high-end to the from impacts. XXX and available utility commodities will increase project resulting equipment Gold. in appointment cost estimated cost of that of identified completion inflationary level. both months, risk. and Gold changes efficiencies Côté date steel cost, cost XX% of strengthened preliminary the XXXX preliminary as scheduled of including Côté before billion of the announced in teams project mining, at EPCM delays with and schedule than other once net analysis, EPCM, number time associated leases to billion is COVID-XX This assessment, to result could end and completion, completed. XXX relating this impacts second infrastructure, of include owner’s includes scope estimated winter XXXX other estimate while vary. productivity several as gaps million related schedule for experience the of the Based with gaps ongoing the cost preliminary spare at and has plants construction, had gaps, to that project I company and withdrawn approximately to to the finally and bids XXX XX% do to account a increased remaining potentially remaining approximately the certain the this cost information XX% that plant, and at detailed updated cost leveraging Following costs, we other the expected as quarter processing contractor, contractors indirect result three corporate extension, various operations costs. in received for XX% Executive the at of including owners scope additional associated increase. others associated Number increase which indirect, from level including The million additional
a range XX% to and of million be approximately exchange impacts at project As to study project X.X. the basis related rate in to company a an part service $XXX estimated work, this direct the of on $XXX indirect by an COVID management independent of million capital
to preliminary the end be at -- based timing commercial expected by schedule, the results, Looking approximately extended the approx of of on to production XXXX. is
contractors, the contractors and important. fall as increase installation the oversight activities the with While always ramp Earthworks, a plants a up and site. managing The into critical expected very of of electrical expected and this certain being in structural power project the coordination of will to increase number work, facilitate piping that which working XXXX, five-month summer at four concrete, second of previously team, discussed. months are year has in the it mechanical previous contracting and we the guidance represent packages to for project resulting consistent factors delay with is of been advancement half This does from
look risk labor and retained with review results and We tight Ukraine of Directors the review at has of the workforce, up technical the increase labor continue and disruptions by project also include assumptions, COVID-XX, project including metrics, consumables availability could chain that headcount and of the could the Board's consultant current the independent to project the Board productivity, metrics, we environment production, timing impact the commercial results pricing war, of be that weather, Tier to rates. asset potential and for and reanalysis Our based with Côté also Gold including asset Taking of supply work note the in operating further analysis. a market to a will caution re-estimation addition and the to ongoing will for long on project and Gold continues an We of the transformational generational expect do assist caused Côté our a to timing potential actual logistics a impact other activities, disruptions, X costs assumptions life consequently the project capture the of which better labor the Canada company further consequently portfolio. costs. and ramp increased of of
As end the of be second we results the before these issued will mentioned, quarter.
secured sufficient dividend taken cash XX available XXX complete Based cash current we estimated March resulting information, coupled the cash to XX million activities initiatives, of operations and as April. obligations, be for of during cash fund Gold, while million to approximately in of at is credit at Essakane certain our including the liquidity, facility planned available of net operations quarter paid to declared our under together total remainder to end equivalents, available on April and company liquidity Côté in to the continue meet the from at current billion. facility, quarter-end short-term total $XXX.X months. had Turning investments, to the next second Gold for of Côté cash, revolving the a repatriation on with prepare existing construction the down at liquidity $XXX to approximately of $X costs by expected fund end drew the and credit with We investing million
the expect We CÔTÉ take ramp construction complete XXXX us flow. that remaining the complete credit in additional to facility Côté change project the positive to addition financing in schedule result the cash existing in in Gold will requiring Gold the the of the up to through to and company period cost to free
to resources, to Thank including are of pursuing Q&A. I and actively investigating venture. We assets, now capital and/or strategically additional operator you financing, equity disposing pass the us for therefore will everyone measures joint over today. to back for liquidity debt the and/or And increase call joining
