IAMGOLD Corp Stock Price, News & Analysis

IAMGOLD (NYSE:IAG) has announced the completion of its 150,000-ounce gold prepay arrangements, which were part of the financing package for the Côté Gold construction. The company delivered the final remaining 75,000 ounces in H1 2025, representing approximately $200-225 million in potential cashflow.

The timing is strategically advantageous as the Côté Gold Mine has reached nameplate throughput capacity. With improved operating results expected across all assets and favorable gold prices, IAMGOLD is positioned to generate stronger free cash flows and begin implementing a disciplined deleveraging strategy.

IAMGOLD Corporation announced that its Côté Gold Mine achieved a significant milestone by operating at its nameplate capacity of 36,000 tonnes per day (tpd) over thirty consecutive days on June 21, 2025. The processing plant demonstrated strong performance, reaching 90% of nameplate capacity in March and 96% over a 30-day period in April. This achievement reinforces IAMGOLD's production guidance of 360,000 to 400,000 ounces on a 100% basis, with costs expected to decrease throughout the year. The company successfully brought the project from first gold to design nameplate rate within 15 months. IAMGOLD plans to install a second cone crusher to improve plant availability, maintenance cycles, and potentially increase throughput further.

Franco-Nevada (NYSE: FNV) has announced a $1.05 billion acquisition of a 7.5% gross margin royalty on the Côté Gold Mine in Ontario. The mine, operated by IAMGOLD (70%) and Sumitomo (30%), began commercial production in August 2024. The royalty package covers all Mineral Reserves and over 99.9% of current Mineral Resources, including 16.23 Moz of Measured and Indicated Resources and 4.2 Moz of Inferred Resources. IAMGOLD's 2025 guidance projects 360-400 koz Au production at cash costs of $950-$1,100/oz. The deal is expected to generate annual revenue of approximately $67 million at $3,200/oz Au. IAMGOLD and Sumitomo have options to buy back up to 50% of the royalty in two 25% tranches. The transaction is expected to close by Q2 2025, with Franco-Nevada using its available capital of approximately $2 billion to finance the deal.

THE Mining Investment Event, Canada's only Tier 1 Global Mining Investment Conference, has announced its keynote speakers and panels for the June 3-5, 2025 event in Quebec City. The conference will feature notable speakers including Daniella Dimitrov (CFO, Calibre Mining), Maïté Blanchette Vézina (Quebec Minister of Natural Resources), and Adrian Day from Adrian Day Asset Management. The event includes a Women's Indigenous Business Panel and various industry leaders. Glencore Canada serves as Diamond Sponsor, with support from Agnico Eagle, Laurentian Bank Securities, and others. The three-day conference is structured around Producers & Royalty Companies (Day 1), Critical Metals & Transition Energy (Day 2), and Explorers & Developers (Day 3), featuring company presentations, keynote speakers, panels, and 1x1 meetings.

IAMGOLD (NYSE: IAG) reported its Q1 2025 financial results with attributable gold production of 161,000 ounces from three mines. The company achieved revenues of $477.1 million from sales of 174,000 ounces at an average realized gold price of $2,731 per ounce. Key financial metrics include net earnings of $0.07 per share, adjusted net earnings of $0.10 per share, and EBITDA of $195.2 million. The company maintains its 2025 production guidance of 735,000 to 820,000 ounces. Côté Gold mine showed significant improvement, achieving 90% of nameplate capacity in March and 96% over the last 30 days. The company has available liquidity of $745.8 million, including cash and cash equivalents of $316.6 million. Cost metrics include cash costs of $1,459 per ounce sold and AISC of $1,908 per ounce sold.

IAMGOLD Corporation (NYSE: IAG) has released its 2024 Sustainability Report, showcasing the company's Environmental, Social and Governance (ESG) achievements and practices. The report, which follows Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) frameworks, demonstrates IAMGOLD's commitment to responsible mining practices, community support, and environmental stewardship.

CEO Renaud Adams emphasized that sustainability remains central to the company's business practices, highlighting their focus on responsible operations, community engagement, environmental impact mitigation, and corporate integrity. The report and its companion 2024 ESG Performance Data are available on IAMGOLD's website.

IAMGOLD Corporation (NYSE: IAG) has announced the voting results from its Annual General Meeting of Shareholders held on May 6, 2025. All nine director nominees were successfully elected with overwhelming support, each receiving over 99% of votes in favor. KPMG LLP was reappointed as the company's auditor with 91.81% approval. Shareholders also strongly endorsed the company's executive compensation approach with 98.17% voting in favor.

IAMGOLD (NYSE: IAG) (TSX: IMG) has announced plans to release its first quarter 2025 operating and financial results after market hours on Tuesday, May 6, 2025.

The company will host a conference call with senior management to discuss performance and financial results on Wednesday, May 7, 2025, at 8:30 a.m. (Eastern Time). Investors can access the call through a webcast on the company's website or via telephone options, including a pre-registration system through Chorus Call that provides dial-in details and a unique PIN to bypass the operator queue.

IAMGOLD (TSX: IMG) (NYSE: IAG) has filed a technical report for the Nelligan Gold Project in Québec. The report, titled 'NI 43-101 Technical Report on the Nelligan Gold Project, Québec' dated April 2, 2025, was prepared by SLR Consulting (Canada) in compliance with National Instrument 43-101 standards.

This filing follows the company's February 20, 2025 announcement of a significant increase in Nelligan ounces and an update of global mineral reserves and resources. The technical report is now available on IAMGOLD's website, SEDAR, and EDGAR platforms.