IAMGOLD (IAG) Company Report

Analyst Coverage

Research analysts who have asked questions during IAMGOLD earnings calls.

Anita Soni

CIBC Capital Markets

4 questions for IAG

Also covers: AEM, BTG, CCJ +8 more

Tanya Jakusconek

Scotiabank

4 questions for IAG

Also covers: AEM, AU, BVN +11 more

Carey MacRury

Canaccord Genuity Group Inc.

2 questions for IAG

Also covers: AAUCF, AGI, ARMN +3 more

Mohamed Sidibe

Desjardins Securities

2 questions for IAG

Also covers: AAUCF, CCJ, FSM +2 more

Steven Green

TD Securities

2 questions for IAG

Also covers: AGI, CGAU

Lawson Winder

Bank of America

1 question for IAG

Also covers: AA, AEM, CCJ +21 more

Matthew Murphy

BMO Capital Markets

1 question for IAG

Also covers: ERO, FNV, HBM +3 more

Michael Parkin

National Bank Financial

1 question for IAG

Also covers: AEM, AGI, CDE +6 more

Wayne Lam

TD Securities

1 question for IAG

Also covers: AG, BTG, CDE +4 more

Latest news

Recent press releases and 8-K filings for IAG.

IAMGOLD Reports Preliminary 2025 Operating Results and 2026 Guidance

IAG

Earnings

Guidance Update

New Projects/Investments

IAMGOLD reported preliminary attributable gold production of 765,900 ounces for the full year 2025, achieving the mid-point of its guidance, and preliminary annual gold sales of 817,800 ounces at an average realized gold price of approximately $3,480 per ounce.
Cash costs for 2025 are expected at the top end of the $1,375 to $1,475 per ounce sold guidance range, while AISC are expected to approximate the midpoint of the $1,830 to $1,930 per ounce sold guidance range.
For 2026, the company forecasts attributable gold production of 720,000 to 820,000 ounces, with cash costs (including royalties) expected to average $1,425 to $1,575 per ounce sold and AISC of $2,000 to $2,150 per ounce sold.
Total capital expenditures for 2026 are projected at approximately $500 million, comprising $380 million ±5% for sustaining capital and $120 million ±5% for expansion capital.

23 hours ago

6-K

IAMGOLD Completes Mines D'Or Orbec Acquisition

IAG

M&A

New Projects/Investments

IAMGOLD Corporation completed the acquisition of Mines D'Or Orbec Inc. on December 22, 2025, following approval by the Ontario Superior Court of Justice on December 18, 2025.
The acquisition includes the Muus Project, which is expected to add potential to IAMGOLD's newly formed Nelligan Mining Complex in Quebec, Canada.
This transaction positions the Nelligan Mining Complex as among the largest pre-production gold projects in Canada.

Dec 22, 2025, 10:00 PM

6-K

IAMGOLD Completes Northern Superior Acquisition

IAG

M&A

New Projects/Investments

IAMGOLD Corporation completed the acquisition of Northern Superior Resources Inc. on December 19, 2025.
As a result of the transaction, Northern Superior became a wholly-owned subsidiary of IAMGOLD.
Former Northern Superior shareholders received 0.0991 of an IAMGOLD common share and C$0.19 in cash for each Northern Superior common share.
This acquisition positions IAMGOLD's Nelligan Mining Complex as one of the largest pre-production gold projects in Canada.

Dec 19, 2025, 2:03 PM

6-K

IAMGOLD Completes Term Loan Repayment and Receives Share Buyback Approval

IAG

Share Buyback

IAMGOLD completed the repayment of the final $130 million outstanding on its 2nd Lien Term Loan on December 9, 2025, fully repaying the loan.
The company received approval for a normal course issuer bid (NCIB) to purchase up to 57,000,000 common shares, representing approximately 9.92% of its public float as of November 30, 2025.
The NCIB will commence on December 12, 2025, and continue until December 11, 2026, or an earlier date if the company completes its purchases.

Dec 9, 2025, 11:33 PM

6-K

IAG Reports Q3 2025 Results, Announces Share Buyback and Acquisitions

IAG

Earnings

Share Buyback

M&A

IAG reported Q3 2025 attributable gold production of 190,000 oz and year-to-date production of 524,000 oz, positioning the company to achieve its 2025 guidance of 735,000 – 820,000 oz.
For Q3 2025, the company generated $706.7 million in revenues and $292.5 million in mine-site free cash flow, while reducing net debt to $813.2 million as of September 30, 2025.
The company announced a share buyback program for up to 10% of outstanding common shares and entered into agreements to acquire Northern Superior and Orbec on October 20, 2025, to consolidate the Nelligan Mining Complex.

Nov 5, 2025, 1:30 PM

Presentation

IAMGOLD Reports Q3 2025 Production and Financial Results, Announces Share Buyback and Strategic Acquisitions

IAG

Earnings

Share Buyback

M&A

IAMGOLD reported Q3 2025 attributable gold production of 190,000 oz, contributing to a year-to-date total of 524,000 oz, and maintained its 2025 production guidance of 735,000 – 820,000 oz.
For Q3 2025, the company achieved revenues of $706.7 million and adjusted EPS of $0.30, with All-in Sustaining Costs (AISC) at $1,956/oz.
The company is actively de-leveraging, having repaid approximately $270 million of second lien notes by November 2025, and has approved a share buyback program for up to 10% of outstanding common shares.
Strategic developments include the Côté Gold mine achieving 100% nameplate throughput in June 2025 and advancing expansion plans, alongside an offer to acquire Northern Superior and Orbec to consolidate the Nelligan Mining Complex.

Nov 5, 2025, 1:30 PM

Presentation

IAMGOLD Reports Strong Q3 2025 Results and Announces Share Buyback Program

IAG

Earnings

Share Buyback

Guidance Update

IAMGOLD reported strong Q3 2025 financial results, including $706.7 million in revenues from continuing operations and a record $359.5 million in adjusted EBITDA, leading to $0.30 adjusted earnings per share.
The company achieved 190,000 ounces of attributable gold production in Q3 2025, with Côté Gold producing a record 106,000 ounces. Full-year production guidance of 735,000-825,000 ounces is expected to be met.
IAMGOLD significantly improved its financial position, reducing net debt by $210.7 million to $813.2 million and maintaining total liquidity of approximately $707.2 million at the end of Q3 2025.
The Board approved a share buyback program for up to approximately 10% of outstanding common shares, subject to TSX approval, reflecting confidence in long-term value and disciplined capital allocation.
Cash costs were $1,588 an ounce and all-in sustaining costs were $1,956 an ounce in Q3 2025, with full-year costs expected at the top end of the guidance range.

Nov 5, 2025, 1:30 PM

Transcript

IAG Reports Q3 2025 Production and Financial Results, Announces Share Buyback

IAG

Earnings

Guidance Update

Share Buyback

IAG reported attributable gold production of 190,000 oz in Q3 2025, bringing the year-to-date total to 524,000 oz, with Côté Gold achieving 100% nameplate throughput in June 2025.
Financially, Q3 2025 saw revenues of $706.7 million, adjusted EBITDA of $359.5 million, and adjusted EPS of $0.30.
The company generated mine-site free cash flow of $292.5 million in Q3 2025, contributing to a year-to-date total of $572.4 million.
As of September 30, 2025, IAG maintained total liquidity of $707.2 million and reduced net debt to $813.2 million, having repaid approximately $270 million of second lien notes up to November 2025.
Looking forward, IAG reaffirmed its 2025 attributable production guidance of 735,000 – 820,000 oz and AISC guidance of $1,830 – $1,930/oz, and initiated a share buyback program for up to 10% of outstanding common shares.

Nov 5, 2025, 1:30 PM

Presentation

IAMGOLD Reports Strong Q3 2025 Results, Announces Share Buyback and Acquisitions

IAG

Earnings

Share Buyback

M&A

For the third quarter of 2025, IAMGOLD reported revenues of $706.7 million and net earnings attributable to equity holders of $139.4 million, with trailing twelve-month EBITDA exceeding $1 billion.
The company significantly reduced its net debt to $813.2 million as of September 30, 2025, a $201.7 million reduction during the quarter, and repaid $270 million of second lien notes year-to-date, maintaining available liquidity of $707.2 million.
IAMGOLD is initiating a share buyback program for up to 10% of outstanding common shares and entered into definitive agreements to acquire Northern Superior Resources Inc. and Mines d'Or Orbec Inc. for approximately $267.4 million and $12.6 million respectively, to consolidate the Chibougamau region.
Attributable gold production was 190,000 ounces in Q3 2025, bringing the year-to-date total to 524,000 ounces, and the company expects to achieve the top end of its revised annual attributable cash cost guidance of $1,375 to $1,475 per ounce sold and AISC guidance of $1,830 to $1,930 per ounce sold.

Nov 5, 2025, 12:13 AM

6-K

IAMGOLD Reports Strong Q3 2025 Financial Results, Announces Share Buyback and Acquisitions

IAG

Earnings

Share Buyback

M&A

IAMGOLD Corporation reported Q3 2025 revenues of $706.7 million, a 61% increase from Q3 2024, with adjusted net earnings attributable to equity holders of $170.9 million, or $0.30 per share.
The company achieved a record mine-site free cash flow of $292.3 million in Q3 2025 and reduced net debt to $813.2 million as of September 30, 2025, marking a $201.7 million reduction during the quarter.
Attributable gold production for Q3 2025 was 190,000 ounces, contributing to 524,000 ounces year-to-date, with the company remaining on track to achieve its full-year attributable production guidance.
Strategic initiatives include the Board's approval of a share buyback program for up to approximately 10% of outstanding common shares, an S&P credit rating upgrade to BB- with a stable outlook on October 10, 2025, and definitive agreements to acquire Northern Superior Resources Inc. and Mines d'Or Orbec Inc..