Iamgold Corp

Latest Results (06.10.2025):

Iamgold Corp reported robust financial and operational performance for the second quarter of 2025, showcasing significant gold production and revenue growth. The successful ramp-up of the Côté Gold mine to nameplate capacity has positioned the company for enhanced cash flow generation, despite facing increased operating costs due to evolving market and regulatory conditions.

Gold Production

Attributable gold production reached 173,000 ounces in Q2 2025 and 334,000 ounces year-to-date. The Côté Gold mine produced 67,000 attributable ounces in the quarter and successfully operated at full nameplate capacity, contributing significantly to the overall production increase.

Revenue Growth

Revenues for the quarter were $580.9 million, generated from the sale of 182,000 ounces at an average realized gold price of $3,182 per ounce. Year-to-date revenues totaled $1,058.0 million from the sale of 356,000 ounces, reflecting strong market performance.

Revised Cost Guidance

Iamgold has updated its annual cash cost guidance to $1,375-$1,475 per ounce sold and all-in sustaining costs (AISC) to $1,830-$1,930 per ounce. This revision, approximately $150 higher per ounce, is attributed to increased royalties, a strengthened Euro, and higher operational costs at the Côté mine during ramp-up.

Financial Performance

Net earnings attributable to equity holders were $78.7 million for Q2 2025, with adjusted net earnings of $77.3 million. The company reported an EBITDA of $283.8 million for the quarter, supporting a strong financial position and ongoing debt reduction efforts.

Cash Flow and Liquidity

Iamgold generated $85.8 million in net cash from operating activities in Q2 2025. The company maintains robust liquidity with $616.5 million available, including $223.8 million in cash and $391.7 million in the revolving credit facility, ensuring support for future operations and strategic initiatives.

Corporate Developments

During the quarter, Iamgold completed the final delivery of gold into its prepay arrangements and announced a record dividend from the Essakane mine. Additionally, the company repaid $40 million of its second lien notes, further strengthening its balance sheet.