Iamgold Corp

IMG

Equity

ISIN CA4509131088 / Valor 439818

Toronto Stock Exchange (2024-12-24)

CAD 7.44-0.27%

Iamgold Corp
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About company

IAMGOLD Corp is an intermediate gold producer and developer based in Canada, with operating mines in North America and West Africa. The company is currently focused on building the large-scale Côté Gold project in Canada in partnership with Sumitomo Metals & Mining, with production expected to begin in early 2024. IAMGOLD employs approximately 3,300 people and is committed to maintaining high standards of environmental, social, and governance practices in its mining operations. The company is listed on the New York Stock Exchange and the Toronto Stock Exchange, and is included in the Jantzi Social Index, which consists of companies that meet specific environmental, social, and governance criteria.

Summarized from source with an LLMView SourceSector: Industrials

Revenue

Iamgold Corp reported revenues of $338.9 million for the first quarter of 2024, driven by the sale of 163,000 ounces of gold. This represents a significant increase compared to the same period in the previous year.

Gold Production

In Q1 2024, Iamgold Corp achieved attributable gold production of 151,000 ounces. This includes strong performances from Essakane with 118,000 ounces and Westwood with 32,000 ounces, as well as initial production from Côté Gold.

Net Earnings

Iamgold Corp reported net earnings attributable to equity holders of $54.8 million for the first quarter of 2024. Adjusted net earnings per share were $0.11, reflecting a robust financial performance for the period.

Cash Flow

Net cash from operating activities for Iamgold Corp in Q1 2024 was $77.1 million. Before movements in working capital and non-current ore stockpiles, this figure was $142.8 million, indicating strong operational cash flow.

Cost Management

The cost of sales per ounce sold for Iamgold Corp in Q1 2024 was $1,056, with cash costs per ounce sold at $1,053. The all-in-sustaining-cost (AISC) per ounce sold was $1,493, excluding Côté Gold, demonstrating effective cost management.

Summarized from source with an LLMView Source

Key figures

112%1Y

83.7%3Y

57.0%5Y

Performance

56.4%1Y

58.9%3Y

58.2%5Y

Volatility