Core Viewpoint - The article emphasizes the importance of investing in high-quality growth and momentum stocks that are reasonably priced, with a focus on long-term performance and potential market outperformance [1] Group 1: Investment Strategy - The investment strategy involves focusing on growth and momentum stocks that are expected to outperform the market over the long term [1] - The analyst has a history of advising investors to buy at market lows, specifically mentioning a recommendation in March 2009 during the financial crisis, which led to significant market gains [1] Group 2: Market Performance - From 2009 to 2019, the S&P 500 increased by 367%, while the Nasdaq saw an increase of 685%, highlighting the potential for substantial returns in the stock market [1]

Investors might want to bet on Iamgold (IAG) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changing earnings ...

Core Insights - The company achieved record annual revenues of nearly $3 billion and operating cash flow of over $1 billion, driven by record quarterly production across all sites and a historic gold price environment [1] Financial Performance - The first full year of production at Côté Gold was successfully completed, reaching the top end of guidance and demonstrating nameplate throughput of 36,000 tonnes per day ahead of schedule [1] - A transformative financial framework was established at Essakane, enabling continuous cash repatriation, resulting in $291 million received in Q4 2025 and an additional $171 million in early 2026 [1] - The balance sheet was aggressively deleveraged by repaying a $400 million high-cost term loan and closing out legacy gold prepaid obligations, significantly reducing financial risk [1] Asset Management - Consolidated assets in the Chibougamau-Chapais region to form the Nelligan Mining Complex, positioning it as one of Canada's largest pre-production gold assets with over 11 million total ounces [1] Operational Efficiency - Managed upward cost pressures from record gold prices, which directly increased royalty expenses to approximately $330 per ounce, representing 24% of cash costs in the fourth quarter [1] - Maintained operational discipline at Westwood, achieving record production since the mine restart through refined stope design and a return to higher-grade underground zones [1]

IAMGOLD (NYSE:IAG) Q4 2025 Earnings call February 18, 2026 08:30 AM ET Company ParticipantsAnita Soni - Anita SoniBruno Lemelin - COOGraeme Jennings - VP of Investor RelationsMaarten Theunissen - CFORenaud Adams - President and CEOSatish Kasinathan - Vice PresidentConference Call ParticipantsMohamed Sidibé - Equity Research AnalystTanya Jakusconek - Equity Research AnalystOperatorAt this time, I would like to turn the conference call over to Graeme Jennings, Investor Relations for IAMGOLD. Please go ahead, ...

IAMGOLD (NYSE:IAG) Q4 2025 Earnings call February 18, 2026 08:30 AM ET Company ParticipantsAnita Soni - Anita SoniBruno Lemelin - COOGraeme Jennings - VP of Investor RelationsMaarten Theunissen - CFORenaud Adams - President and CEOSatish Kasinathan - Vice PresidentConference Call ParticipantsMohamed Sidibé - Equity Research AnalystTanya Jakusconek - Equity Research AnalystOperatorAt this time, I would like to turn the conference call over to Graham Jennings, Investor Relations for IAMGOLD. Please go ahead, ...

Financial Data and Key Metrics Changes - IAMGOLD reported record revenues of nearly $3 billion for 2025, with a gross margin exceeding 40% and operating cash flow of over $1 billion, including $702 million generated in Q4 alone [4][11] - Adjusted EBITDA for 2025 was approximately $1.6 billion, a significant increase from $780.6 million in 2024 and $338.5 million in 2023 [18] - Adjusted earnings per share for the year totaled $1.23, up from $0.55 the prior year [18] Business Line Data and Key Metrics Changes - Attributable gold production for Q4 was 242,400 ounces, a 28% improvement quarter-over-quarter, bringing total production for the year to 765,900 ounces, achieving the midpoint of the company's 2025 production guidance [8][9] - Côté Gold produced 399,800 ounces on a 100% basis in its first full year of operation, with Q4 production of 87,200 ounces [21] - Essakane reported record production of 138,100 ounces in Q4, with cash costs averaging $1,471 per ounce and all-in sustaining costs of $1,674 per ounce [35][36] Market Data and Key Metrics Changes - The gold price increased nearly $1,700 per ounce over 2025, exiting the year at just over $4,300 per ounce, although still more than $600 lower than current levels [4] - Royalties accounted for an average of approximately $330 per ounce or 24% of cash costs in Q4 2025, impacting the overall cost structure [10][37] Company Strategy and Development Direction - IAMGOLD aims to capitalize on the favorable gold market conditions while focusing on operational excellence and cost control [5][10] - The company is increasing its budget for exploration at the Nelligan mining complex, which now has over 4.3 million measured and indicated ounces and 7.5 million inferred ounces [39][40] - Plans for Côté include a strategic pushback and expansion projects, with an updated mine plan expected to be released in Q4 2026 [27][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to generate strong cash flow and return capital to shareholders, with a focus on disciplined capital allocation [15][20] - The company anticipates a flat production profile for Essakane in 2026, with cash costs expected to be in the range of $1,600-$1,750 per ounce, including royalties [38] - Management highlighted the potential for extending the life of the Essakane mine by an additional five years, targeting 2032 [47][48] Other Important Information - IAMGOLD established a share buyback program, repurchasing $50 million in shares in December 2025 and an additional $50 million in early 2026 [6][14] - The company reduced its net debt by $468.8 million to $344.4 million at the end of 2025, with total liquidity of approximately $868 million [12] Q&A Session Summary Question: How should we think about Essakane within your broader portfolio, especially with the license potentially expiring in 2029? - Management noted the potential for expansion and the steady operation of the mine, indicating confidence in extending the mine's life and continuing to generate cash flow for shareholders [44][46] Question: Could you provide more color on mining costs and expectations for Côté Gold? - Management indicated that mining costs for 2026 are expected to be around $370-$380 per ton, with ongoing adjustments and improvements planned [53][55] Question: What are the expectations for the reserves and resources update for Gosselin in Q2? - Management confirmed that they expect to achieve a significant increase in reserves, targeting over 20 million ounces in measured and indicated resources [95]

Q4 & FULL YEAR 2025 RESULTS CONFERENCE CALL February 18, 2026 TSX: IMG | NYSE: IAG | www.iamgold.com 1 CAUTIONARY STATEMENT All information included or incorporated by reference in this news release, including any information as to the Company's vision, strategy, future financial or operating performance and other statements that express management's expectations or estimates of future performance or impact, including statements in respect of the prospects and/or development of the Company's projects, other ...

Core Insights - IAMGOLD Corporation reported strong financial and operational results for Q4 and the full year 2025, with adjusted EBITDA reaching $1.5 billion and a record fourth quarter adjusted EBITDA of $710.1 million [2][5] - The company is focused on de-leveraging its balance sheet and returning value to shareholders through a share buyback program, having repurchased approximately $100 million in shares since December 2025 [2][13] - Looking ahead, IAMGOLD anticipates exciting growth in 2026, with a production guidance range of 720,000 to 820,000 ounces and continued operational excellence [2][15] Financial Performance - For Q4 2025, IAMGOLD achieved attributable gold production of 242,400 ounces, and for the full year, production totaled 765,900 ounces, meeting the mid-point of its guidance [5][9] - Revenues for Q4 were $1,088.1 million from sales of 259,000 ounces at an average realized gold price of $4,191 per ounce, while total revenues for the year were $2,852.8 million [5][12] - The company reported net earnings of $406.6 million for Q4 and $664.4 million for the full year, with adjusted net earnings per share of $0.70 for Q4 and $1.16 for the year [12][14] Production and Costs - Côté Gold produced a record 87,200 attributable ounces in Q4 and 279,900 ounces for the full year, achieving the top end of its production guidance [5][46] - Cash costs per ounce sold, excluding royalties, were $1,031 for Q4 and $1,230 for the year, while all-in sustaining costs (AISC) were $1,750 for Q4 and $1,900 for the year [5][20] - The average realized gold price for the year was $3,482 per ounce, with cash costs including royalties averaging $1,484 per ounce sold [5][20] Mineral Reserves and Resources - As of December 31, 2025, IAMGOLD's proven and probable mineral reserves totaled 9.9 million ounces of gold, a decrease of 7% from the previous year due to depletion at Côté Gold and Essakane [5][6] - Measured and indicated mineral resources increased by 16% to 31.0 million ounces, primarily due to the conversion of inferred resources at Côté Gold and Nelligan [6] Capital Expenditures and Future Plans - The company allocated $400 million of free cash flows in Q4 to repay debt and repurchase shares, with expectations of approximately $400 to $500 million in free cash flow from Essakane in 2026 [13] - Capital expenditures for 2026 are expected to total approximately $500 million, with $380 million for sustaining capital and $120 million for expansion [26][27] Health and Safety - IAMGOLD reported a total recordable injuries frequency rate (TRIFR) of 0.60 for 2025, an improvement from the previous year, reflecting the company's commitment to safety [31]

Core Viewpoint - IAMGOLD Corporation has released its updated Mineral Resources and Mineral Reserves statement as of December 31, 2025, highlighting significant growth in Measured and Indicated Resources and ongoing exploration efforts across its projects, particularly in Canada [1][3]. Mineral Resources - IAMGOLD's Measured and Indicated Mineral Resources increased by 16% to 31 million ounces, with 24.6 million ounces attributable [8][10]. - The increase was primarily due to the conversion of Inferred Mineral Resources at the Gosselin and Nelligan deposits, along with the inclusion of Philibert and Chevrier deposits from the Northern Superior transaction [10][12]. - Global Inferred Mineral Resources decreased by 2% to 12.5 million ounces [10][12]. Mineral Reserves - Proven and Probable Mineral Reserves totaled 9.9 million ounces, a decrease of 7% from the previous year, mainly due to depletion at Côté Gold and Essakane [8][9]. - Côté Gold's Mineral Reserves decreased by 301,000 ounces, while Westwood's reserves increased due to a change in resource model and higher gold price assumptions [9][10]. - The total Proven and Probable Mineral Reserves were estimated at 279.6 million tonnes at an average grade of 1.10 g/t Au [8][21]. Project Highlights - Côté Gold is a focal point for IAMGOLD, with plans for a technical report in Q4 2026 that will outline a mine plan incorporating both Côté and Gosselin pits [3][13]. - At Westwood, exploration activities are aimed at expanding the mine in the eastern parts, while Essakane's Mineral Resource tonnes increased by 50%, indicating potential for mine life extension [3][14]. - The Nelligan Mining Complex is set for a $24 million exploration budget to expand mineralized footprints and test high-priority targets [20][19]. Financial Assumptions - The gold price assumptions for estimating Mineral Reserves were updated to $2,000 per ounce for Westwood and Essakane, and $1,700 per ounce for Côté Gold [5][11]. - For Mineral Resources, the gold price was set at $2,500 per ounce for several projects, reflecting an increase from previous estimates [11][22].

` CONSOLIDATED FINANCIAL STATEMENTS As at December 31, 2025 INDEX | Management's responsibility for financial reporting | 54 | | --- | --- | | Management's report on internal control over financial reporting | 55 | | Report of independent registered public accounting firm | | | | 56 | | Report of independent registered public accounting firm | 58 | | Consolidated financial statements | | | Consolidated balance sheets | 59 | | Consolidated statements of earnings (loss) | 60 | | Consolidated statements of com ...