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IAG

IAMGOLD Corporation

IAG

IAMGOLD Corporation • NYSE
$15.54 ▲ 1.50% (+0.23)
Market Cap $8.94 B
52w High $15.60
52w Low $4.98
Dividend Yield 0%
P/E 27.26
Volume 4.29M
Outstanding Shares 575.30M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $706.7M ▲ $37.6M ▲ $139.4M ▲ 19.725% ▲ $0.24 ▲ $328.2M ▲
Q2-2025 $580.9M ▲ $21.2M ▼ $78.7M ▲ 13.548% ▲ $0.14 ▲ $278.2M ▲
Q1-2025 $477.1M ▲ $28.1M ▲ $39.7M ▼ 8.321% ▼ $0.069 ▼ $183.8M ▲
Q4-2024 $469.9M ▲ $9.7M ▲ $86.2M ▼ 18.344% ▼ $0.15 ▼ $145.3M ▼
Q3-2024 $438.9M $-444.8M $594.1M 135.361% $1.04 $719.6M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $315.3M ▲ $5.377B ▲ $1.794B ▼ $3.566B ▲
Q2-2025 $224.8M ▼ $5.327B ▼ $1.893B ▼ $3.433B ▲
Q1-2025 $317.3M ▼ $5.389B ▲ $1.926B ▼ $3.392B ▲
Q4-2024 $348.5M ▼ $5.374B ▼ $1.974B ▼ $3.337B ▲
Q3-2024 $554.4M $5.565B $2.251B $3.255B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $139.4M ▲ $280.8M ▲ $-68.8M ▼ $-124.9M ▲ $90.5M ▲ $207M ▲
Q2-2025 $85.9M ▲ $85.8M ▲ $-64.8M ▲ $-126.1M ▼ $-92.8M ▼ $5.6M ▼
Q1-2025 $46.5M ▼ $74.3M ▼ $-86.6M ▲ $-25.1M ▲ $-30.9M ▲ $9.4M ▲
Q4-2024 $91.1M ▼ $102.6M ▼ $-102.5M ▲ $-194.9M ▼ $-205.9M ▼ $-18.8M ▼
Q3-2024 $602.5M $146.2M $-109.7M $-3.5M $42M $35M

Five-Year Company Overview

Income Statement

Income Statement IAMGOLD’s recent results show a clear turnaround story. Revenue has stepped up meaningfully in the most recent year, helped by the ramp-up of new production. After several years of choppy performance and occasional losses, the company is now back to solid profitability, with much healthier operating and net results. That said, the track record over the last few years is uneven, which means the new, stronger earnings picture still needs to prove it can be sustained as operations at the new mine stabilize and as gold prices move around.

Balance Sheet

Balance Sheet The balance sheet reflects a company that has been in a heavy investment phase. Total assets have grown, mainly driven by spending on new projects like Côté Gold. Equity has also risen, which is a positive sign of value being built over time. Debt levels have moved higher compared with a few years ago, as the company has used borrowing to help fund development, while cash on hand is lower than during its peak build-up period. Overall, the financial structure looks stronger than during the low point of the turnaround, but leverage and liquidity still need watching until the new production base is fully established and stable.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations is positive and has improved recently, which supports the view that the core business is strengthening. However, free cash flow has been consistently negative in recent years because the company has been spending heavily on new mines and growth projects. In simple terms, a lot of cash has been going out the door to build future capacity. If the new assets perform as planned and capital spending drops back to more normal levels, the cash flow profile could become much more comfortable, but for now the company is just coming out of a cash‑intensive investment cycle.

Competitive Edge

Competitive Edge IAMGOLD is positioning itself as a more focused, modern gold producer with a strong North American anchor. The Côté Gold mine in Ontario is central to its strategy, offering large scale, long life, and the potential for relatively low operating costs in a stable, mining‑friendly country. This reduces geopolitical risk compared with peers that rely more on higher‑risk regions. The company also benefits from operational experience at its other mines and from a major joint‑venture partner at Côté, which helps spread technical and financial risk. The main competitive risk is execution: the company must prove it can ramp up and run Côté efficiently over many years while maintaining good performance at its other assets.

Innovation and R&D

Innovation and R&D IAMGOLD is leaning into technology to improve how it mines. Côté Gold is the flagship example: it uses autonomous trucks and drills, all coordinated through a central control center that relies on data and analytics to manage the mine in real time. This “digital mine” approach is designed to lift productivity, improve safety, and cut costs. Beyond operations, IAMGOLD is investing in exploration around its existing sites, especially the Gosselin area near Côté and projects like Nelligan in Quebec. These efforts aim to extend mine lives and build a pipeline of future projects, which is important in a depleting-resource business. The key question is how consistently the company can turn this innovation and exploration spend into long‑term, low‑cost ounces.

Summary

IAMGOLD is in the middle of a major transition from a capital‑heavy build phase to a period where new assets, especially Côté Gold, are expected to drive growth. Financial performance has improved sharply in the latest year, with stronger earnings and better operating cash flow, but this follows several years of volatility and heavy spending. The balance sheet shows the weight of that investment through higher debt, partly offset by growing asset value and equity. Competitively, the company is trying to differentiate itself through a Canadian‑centric portfolio, a technologically advanced flagship mine, and a solid exploration pipeline. Over the next few years, the story will likely hinge on execution: ramping up Côté smoothly, controlling costs, stabilizing free cash flow, and successfully converting its innovation and exploration efforts into durable, low‑risk production.

NEWS

November 18, 2025 · 8:00 AM UTC

Mines D'Or Orbec Announces Filing and Mailing of its Management Information Circular in Connection with the Special Meeting of Securityholders to Approve the Acquisition by IAMGOLD

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November 17, 2025 · 4:50 PM UTC

Northern Superior Announces Receipt of Interim Court Order and Mailing of Management Information Circular

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November 6, 2025 · 5:02 PM UTC

iA Financial Group cautions investors regarding Ocehan LLC “mini-tender” offer at a significant discount to market price

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November 4, 2025 · 5:19 PM UTC

iA Financial Group Announces the Renewal of its Normal Course Issuer Bid

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November 4, 2025 · 5:18 PM UTC

iA Financial Corporation Inc. Announces the Payment of a Dividend on Its Common and Preferred Shares

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