Home > Boards > US Listed > Basic Materials > IAMGOLD Corp. (IAG)

IAMGOLD (IAG) (IMG.to) and All-In Sustaining Costs magic

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
basserdan Member Profile
Member Level 
Followed By 310
Posts 77,413
Boards Moderated 4
Alias Born 07/06/02
160x600 placeholder
Annual Report (foreign Private Issuer) (40-f) Edgar (US Regulatory) - 2/19/2020 5:30:27 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 2/19/2020 5:29:45 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 2/18/2020 5:19:24 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 2/14/2020 4:54:56 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 2/12/2020 5:08:15 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 2/12/2020 4:34:09 PM
Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 2/12/2020 10:22:04 AM
Statement of Ownership (sc 13g) Edgar (US Regulatory) - 2/10/2020 4:18:36 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 2/5/2020 4:56:09 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 2/5/2020 4:52:19 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 1/16/2020 7:12:49 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 1/16/2020 7:09:13 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 1/13/2020 4:58:45 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 12/23/2019 8:01:22 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 12/13/2019 6:02:43 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 12/11/2019 7:06:51 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 12/4/2019 5:04:35 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 12/4/2019 5:03:14 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 11/6/2019 5:09:13 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 11/6/2019 5:08:18 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 11/6/2019 4:50:44 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 10/31/2019 4:51:40 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 10/28/2019 4:53:32 PM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 10/25/2019 9:28:57 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 10/22/2019 7:08:41 AM
basserdan Member Level  Thursday, 02/21/19 09:50:39 AM
Re: None
Post # of 1152 

IAMGOLD (IAG) (IMG.to) and All-In Sustaining Costs magic

2/20/19

IAMGOLD (IMG.to) (IAG) reported its Q4 tonight and once again, we get to marvel about the way in which All-In Sustaining Costs (AISC) is used by the mining industry:

* 4q18 average realized gold price: U$1,233/oz
* 4q18 AISC per ounce sold: U$1,123
* Number of ounces sold: 220,000

So that means they make a U$24.2m* profit on the quarter, right?

Wrong. Because when real accounting rules are applied, IMG's gross profit ($17.1m) isn't even up at that level. So just forget about adjusted net earnings of NEGATIVE $16.1m or real bottom line net earnings NEGATIVE $34.8m. What's the point of having this supposed industry standard measurement when companies like this jokeshow of fakery just make shit up and massage their figures to Kingdom come? What's the point of even labelling a cost metric "All-In" when it's obviously nothing of the sort? Why do fools fall in love? And why is Steve Letwin still employed?

*220k X (1233-1123)

https://incakolanews.blogspot.com/2019/02/iamgold-iag-imgto-and-all-in-sustaining.html?








Dan
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist