The most recent trading session ended with Iamgold (IAG) standing at $7.64, reflecting a -1.8% shift from the previouse trading day's closing. This change lagged the S&P 500's 2.51% gain on the day. On the other hand, the Dow registered a gain of 2.66%, and the technology-centric Nasdaq increased by 2.71%.Coming into today, shares of the gold and niobium mining company had gained 30.98% in the past month. In that same time, the Basic Materials sector lost 5.46%, while the S&P 500 lost 8.86%.The investment c ...

IAMGOLD TodayIAGIAMGOLD$6.86 +0.36 (+5.45%) 52-Week Range$3.44▼$7.17P/E Ratio4.73Price Target$7.23Add to WatchlistIAMGOLD Corporation NYSE: IAG shares have captured significant investor attention during the past month, registering a rally accompanied by exceptionally high trading volume. This pronounced market activity signals strong buying interest, consistently placing IAMGOLD on the top daily percentage gainer and highest daily volume watch lists.   IAMGOLD's stock surge is happening within a generally ...

IAMGOLD Provides Notice of First Quarter 2025 Results and Conference CallApril 09, 2025 5:00 PM EDT | Source: IAMGOLD CorporationToronto, Ontario--(Newsfile Corp. - April 9, 2025) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) ("IAMGOLD" or the "Company") is pleased to announce it plans to release its first quarter 2025 operating and financial results after market hours on Tuesday, May 6, 2025. Senior management will host a conference call to discuss the operating performance and financial resul ...

IAMGOLD Files Technical Report for The Nelligan Gold ProjectApril 03, 2025 5:12 PM EDT | Source: IAMGOLD CorporationToronto, Ontario--(Newsfile Corp. - April 3, 2025) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) ("IAMGOLD" or the "Company") announces that the Company has filed a technical report for the Nelligan Gold Project ("Nelligan" or the "Project"), titled "NI 43-101 Technical Report on the Nelligan Gold Project, Québec" (the "2025 Technical Report on Nelligan") dated April 2, 2025.The 2 ...

IAMGOLD Form 40-F Filed on EDGAR; AIF Filed on SEDARMarch 21, 2025 5:10 PM EDT | Source: IAMGOLD CorporationToronto, Ontario--(Newsfile Corp. - March 21, 2025) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) ("IAMGOLD" or the "Company") announces that it has filed with the U.S. Securities and Exchange Commission its Form 40-F report consisting of its 2024 annual audited financial statements, management discussion and analysis and the annual information form ("AIF"). These filings are available th ...

Core Insights - The article introduces Joshua Tranchant as a new contributing analyst for Seeking Alpha, inviting others to share investment ideas for publication and potential earnings [1] Group 1 - The analyst specializes in European Value and Growth investing, focusing on competitive financial analysis and DCF modeling [2] - The approach involves identifying companies on the brink of bankruptcy and assessing their restructuring plans and market positions to uncover investment opportunities [2] - The analysis combines macroeconomic factors with a deep understanding of revenue streams and their growth potential [2] Group 2 - The analyst holds a long position in ICAGY shares, indicating a positive outlook on the stock [3] - The article emphasizes that past performance does not guarantee future results, highlighting the importance of independent analysis [3] - Seeking Alpha clarifies that its analysts are third-party authors, which may include both professional and individual investors [3]

Core Insights - The article does not provide specific insights into any companies or industries, focusing instead on disclaimers and disclosures related to investment advice and positions held by the author [1][2][3] Group 1 - The author has no stock, option, or similar derivative positions in any of the companies mentioned and has no plans to initiate such positions within the next 72 hours [1] - The writing is for informational purposes only and does not constitute an offer to sell or a recommendation regarding any securities transaction [2] - Past performance is not a guarantee of future results, and no specific investment advice is being provided [3]

Core Viewpoint - Iamgold Corp. (IAG) reported mixed financial results for the fourth quarter of 2024, with adjusted earnings per share (EPS) of 10 cents, missing the Zacks Consensus Estimate of 13 cents, while revenues increased significantly year over year. Financial Performance - IAG's revenues for Q4 2024 reached $470 million, marking a 57.9% increase year over year, driven by higher sales volume and prices [2] - The company reported attributable gold production of 177,000 ounces for the quarter, up 30.1% year over year, with sales matching production figures [3] - The cost of sales was $339 million, an increase of 36.8%, while gross profit surged 162.9% year over year to $130.9 million, resulting in a gross margin of 27.9%, up from 16.7% in the prior year [4] Cash Flow and Balance Sheet - Net cash from operating activities was $103 million in Q4 2024, up from $69.9 million in the prior-year quarter [5] - Cash and cash equivalents stood at $347.5 million as of December 31, 2024, down from $367 million a year earlier [5] Annual Performance - For the full year 2024, IAG posted adjusted earnings of 55 cents per share, missing the Zacks Consensus Estimate of 57 cents, while revenues increased 65.4% year over year to $1.63 billion, surpassing the estimate of $1.62 billion [6] Stock Performance - IAG's shares have increased by 111% over the past year, outperforming the industry growth of 56.8% [7]

Financial Data and Key Metrics Changes - IAMGOLD Corporation achieved total attributable gold production of 667,000 ounces in 2024, a 43% increase from the prior year, aligning with raised guidance estimates [6][12] - Total adjusted EBITDA for the year was approximately $781 million, doubling the 2023 value, while net earnings were $819.6 million, including a reversal of prior impairment on Westwood [7][21] - Revenues from operations totaled $1.6 billion for the year from sales of 699,000 ounces at a record average gold price of $2,330 per ounce [20] Business Line Data and Key Metrics Changes - Côté Gold produced 199,000 ounces on a 100% basis in its first year of operation, with 96,000 ounces produced in Q4, a 41% increase from the prior quarter [26][36] - Westwood produced 134,000 ounces in 2024, exceeding its revised production target, with Q4 production of 35,000 ounces, a 25% increase compared to the same period last year [43][45] - Essakane achieved total annual production of 409,000 ounces, at the top end of its guidance range, with Q4 production of 80,000 ounces [48][50] Market Data and Key Metrics Changes - The company ended the year with total liquidity of approximately $767 million, bolstered by a strong operating performance and robust gold market [8][15] - Cash costs per ounce sold, excluding Côté, were $1,176 for the year, while all-in sustaining costs averaged $1,725 per ounce [13][50] Company Strategy and Development Direction - IAMGOLD aims to ramp up Côté Gold to a steady state operating at a nameplate throughput level of 36,000 tons per day by Q4 2025, while maximizing measured and indicated resources [10][39] - The company is focused on deleveraging its balance sheet and refining its capital structure to become a leading modern Canadian gold producer [11][23] - The exploration program at Nelligan is set to increase, targeting resource conversion in support of a technical report in 2026 [42][56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving production targets despite challenges, with expectations for increased cash flows and improved balance sheet strength in 2025 [21][23] - The company noted that the current gold price environment is favorable for generating record cash flow from its operations [11][37] Other Important Information - IAMGOLD completed the repurchase of a 9.7% interest in Côté Gold, returning to a full 70% interest [17] - The company announced an updated mineral resource estimate for Nelligan, showing a 56% increase in indicated resources [54] Q&A Session Summary Question: Challenges in January with HPGR and other crushers - Management confirmed that guidance issued accounted for known repairs and that Q1 production would be lower but confident in overall guidance [59][61] Question: Expected production rates and downtime throughout the year - Management indicated Q1 would be the weakest, with improvements expected in Q2 and Q3, and Q4 anticipated to be the strongest [70][78] Question: Variability in Essakane and Westwood production profiles - Management acknowledged potential for lower Q1 production at Essakane but expected a pickup for the rest of the year [84][88] Question: Strategic considerations regarding Essakane's future within the company - Management emphasized confidence in Essakane's cash flow potential and its role in strengthening the balance sheet in 2025 and 2026 [92][95]

IAMGOLD Corporation (NYSE:IAG) Q4 2024 Earnings Conference Call February 21, 2025 8:30 AM ET Company Participants Graeme Jennings - Vice President, Investor Relations and Corporate Communications Renaud Adams - President and Chief Executive Officer Maarten Theunissen - Chief Financial Officer Bruno Lemelin - Chief Operating Officer Conference Call Participants Anita Soni - CIBC World Markets Tanya Jakusconek - Scotiabank Operator Thank you for standing by. This is the conference operator. Welcome to the IAM ...