Core Viewpoint - IAMGOLD Corporation reported significant growth in gold production and financial performance for the year ended December 31, 2024, driven by the successful ramp-up of the Côté Gold mine and strong operations at Essakane and Westwood [3][4][6]. Financial Performance - Total attributable gold production for 2024 was 667,000 ounces, a 43% increase from the previous year, aligning with the raised guidance estimates [3][4]. - Revenues reached a record $1,633 million from sales of 699,000 ounces at an average realized gold price of $2,330 per ounce [4][17]. - Net earnings attributable to equity holders were $819.6 million for the year, with adjusted net earnings per share of $0.55 [17][18]. - Cash flow from operating activities was $486 million for the year, with mine-site free cash flow of $385.1 million [17][18]. Production Highlights - Côté Gold produced 124,000 attributable ounces in its first nine months of operation, achieving commercial production on August 1, 2024 [3][48]. - Essakane produced 409,000 attributable ounces for the year, achieving the top end of its production guidance [4][6]. - Westwood exceeded its production guidance with 134,000 ounces for the full year [4][6]. Cost Metrics - Cost of sales per ounce sold, excluding Côté, was $1,181 for the year, while including Côté, it was $1,156 [4][17]. - All-in sustaining costs (AISC) per ounce sold, excluding Côté, was $1,725 for the year, trending toward the low end of guidance [4][17]. - Cash costs per ounce sold, excluding Côté, were $1,176 for the year [4][17]. Outlook for 2025 - Attributable gold production is expected to be between 735,000 to 820,000 ounces, driven by the ramp-up of Côté Gold and continued strong production from Essakane and Westwood [6][20]. - Cash cost guidance for 2025 is set at $1,200 to $1,350 per ounce sold, with AISC guidance of $1,625 to $1,800 per ounce sold [22][23]. - Capital expenditures for 2025 are expected to total $310 million, with $290 million categorized as sustaining capital [27][28]. Mineral Reserves and Resources - Proven and Probable Mineral Reserves total 10.7 million ounces of gold, with a 3% decrease from the previous year [9][11]. - Measured and Indicated Mineral Resources increased by 3% to 26.7 million ounces [9][11]. - The Nelligan Project saw a 56% increase in Indicated ounces, reflecting ongoing exploration success [9][11]. Health and Safety - The total recordable injuries frequency rate (TRIFR) improved to 0.63, marking the third consecutive year of improvement [34][36]. Environmental and Social Governance - The company is committed to high standards of Environmental, Social, and Governance practices, focusing on water stewardship and biodiversity [33][37]. - Community investment strategies are being developed to enhance engagement with local communities [41][45].

CONSOLIDATED FINANCIAL STATEMENTS As at December 31, 2024 INDEX | Management's responsibility for financial reporting | 53 | | --- | --- | | Management's report on internal control over financial reporting | 54 | | Report of independent registered public accounting firm | | | | 55 to 56 | | Report of independent registered public accounting firm | 57 | | Consolidated financial statements | | | Consolidated balance sheets | 58 | | Consolidated statements of earnings (loss) | 59 | | Consolidated statements of ...

Core Viewpoint - IAMGOLD Corporation (IAG) is anticipated to show a year-over-year improvement in its earnings for the fourth quarter of 2024, with a consensus estimate of 14 cents per share, up from six cents per share in the fourth quarter of 2023 [1][2]. Earnings Performance - The Zacks Consensus Estimate for IAG's earnings has decreased by 17.65% over the past 60 days [2]. - IAMGOLD has consistently beaten the Zacks Consensus Estimate in the last four quarters, with an average earnings surprise of 203.4% [3][4]. Production and Sales - IAG's attributable gold production reached 177,000 ounces in the fourth quarter of 2024, an increase from 136,000 ounces in the same quarter of 2023, driven by the Côté Gold mine and improved performance at Westwood [7]. - Côté Gold produced 62,000 attributable ounces in the fourth quarter, while Westwood produced 35,000 ounces, up from 28,000 ounces in the previous year [8][9]. - The Essakane mine's production was 80,000 ounces, down from 108,000 ounces year-over-year due to planned maintenance [10]. - Total gold sales for the fourth quarter were 177,000 ounces, with an average realized price of approximately $2,509 per ounce, leading to revenues of $444 million, compared to $298 million in the fourth quarter of 2023 [11]. Cost and Margin Considerations - Increased pricing for consumables like cyanide and grinding media is expected to negatively impact IAMGOLD's margins, particularly at the Côté Gold Mine, where costs are anticipated to remain high until throughput targets are met [12]. Stock Performance - IAG's stock has appreciated by 148% over the past year, significantly outperforming the industry average growth of 50.4% [13].

Company Performance - Iamgold (IAG) stock closed at $6.54, reflecting a -1.06% change compared to the previous day, underperforming the S&P 500's 1.04% gain [1] - Over the past month, Iamgold's stock has increased by 23.78%, outperforming the Basic Materials sector's gain of 7.68% and the S&P 500's gain of 3.92% [1] Earnings Forecast - Iamgold is expected to release its earnings on February 20, 2025, with a predicted EPS of $0.14, indicating a 133.33% growth compared to the same quarter last year [2] Analyst Projections - Recent shifts in analyst projections for Iamgold should be monitored, as positive estimate revisions can indicate optimism about the company's business outlook [3] - The Zacks Rank system, which assesses estimate changes, can provide actionable insights for investors [4] Zacks Rank and Valuation - Iamgold currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate having moved 18.11% lower over the last 30 days [5] - The company is trading at a Forward P/E ratio of 9.96, which is below the industry's average Forward P/E of 11.92 [6] Industry Context - The Mining - Gold industry, part of the Basic Materials sector, has a Zacks Industry Rank of 83, placing it in the top 34% of over 250 industries [6] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Core Viewpoint - Iamgold (IAG) has shown significant stock performance, with a notable increase of 14.69% over the past month, outperforming both the Basic Materials sector and the S&P 500 [1][2] Company Performance - Iamgold's stock closed at $6.46, reflecting a slight decrease of -0.31% from the previous day, while the S&P 500 gained 0.36% [1] - The company is expected to report an EPS of $0.15 on February 20, 2025, indicating a 150% increase compared to the same quarter last year [2] Analyst Estimates - Recent changes in analyst estimates for Iamgold are crucial, as upward revisions indicate positive sentiment regarding the company's business operations and profit generation capabilities [3] - The Zacks Consensus EPS estimate has decreased by 11.94% in the past month, suggesting some caution among analysts [5] Valuation Metrics - Iamgold is currently trading at a Forward P/E ratio of 9.41, which is lower than the industry average of 11.41, indicating that the stock may be undervalued [6] - The Mining - Gold industry, which includes Iamgold, holds a Zacks Industry Rank of 79, placing it in the top 32% of over 250 industries [6][7]

Core Insights - Radisson Mining Resources announced positive results from a metallurgical study at its O'Brien Gold Project, indicating gold recoveries between 86% and 96% based on various processing options [1][2][18] - The study was conducted in collaboration with IAMGOLD Corporation to assess the feasibility of processing O'Brien's mined material at IAMGOLD's Doyon mill [1][4][8] Metallurgical Study Results - Gold recovery rates achieved were 86% using a Gravity-Leach flow sheet, 90% with a Gravity-Flotation-Regrind-Leach flow sheet, and between 94% and 96% when considering the sale of a flotation concentrate [2][3][19] - The metallurgical program utilized 35 samples of mineralized core with gold grades ranging from 0.8 g/t to 49.1 g/t [5][6] Processing Options - The Doyon mill, located 21 kilometers from O'Brien, currently processes approximately 3,000 tonnes per day and has the capacity for modifications to accommodate the processing of O'Brien material [7][18] - The milling assessment indicates that minimal to modest capital investments are required for mill modifications to facilitate the proposed processing options [18][21] Future Plans - Radisson plans to complete a Preliminary Economic Assessment for the O'Brien project, utilizing the current 2023 Mineral Resource Estimate for mine planning [4][18] - The company has engaged Ausenco for processing design and financial modeling, InnovExplo for mine design, and BBA Inc. for environmental assessment and permitting requirements [4][18]

Company Performance - Iamgold (IAG) closed at $6.24, reflecting a -0.79% change from the previous session, underperforming compared to the S&P 500's loss of 0.51% [1] - The stock has increased by 12.72% over the past month, outperforming the Basic Materials sector's gain of 4.34% and the S&P 500's gain of 2.87% [1] Upcoming Earnings - Iamgold's earnings report is scheduled for February 20, 2025, with projected earnings per share (EPS) of $0.17, indicating a 183.33% increase from the same quarter last year [2] Analyst Estimates - Recent modifications to analyst estimates for Iamgold are crucial as they reflect changing business trends, with upward revisions indicating analysts' positive outlook on the company's profitability [3] - The Zacks Consensus EPS estimate has decreased by 11.73% over the last 30 days, and Iamgold currently holds a Zacks Rank of 3 (Hold) [5] Valuation Metrics - Iamgold is trading at a Forward P/E ratio of 9.12, which is lower than the industry average Forward P/E of 10.76, suggesting that Iamgold is trading at a discount compared to its peers [6] - The Mining - Gold industry, part of the Basic Materials sector, has a Zacks Industry Rank of 89, placing it in the top 36% of over 250 industries [6][7]

The price of gold has been on a bullish run so far in 2025. This should have a positive effect on the gold miners, as it enables them to earn more revenue from what they produce. I wrote about the miningDavid focuses on growth & momentum stocks that are reasonably priced and likely to outperform the market over the long-term. He is a long term investor of quality stocks and uses options for strategy. David told investors to buy in March 2009 at the bottom of the financial crisis. The S&P 500 increased 367% ...

Core Insights - IAMGOLD reported attributable gold production of 667,000 ounces in 2024, a 43% increase year over year, driven by the Côté Gold mine and improved performances at Essakane and Westwood [1] - The company sold 654,000 ounces of gold at an average realized price of $2,326 per ounce, leading to projected record revenues of approximately $1.52 billion for 2024, compared to $987 million in 2023 [2] - IAMGOLD's fourth-quarter production was 177,000 ounces, up from 136,000 ounces in Q4 2023, with sales also reaching 177,000 ounces at an average price of $2,509 per ounce, resulting in revenues of $444 million [3][4] Production Details - Côté Gold produced 62,000 attributable ounces in Q4 2024, with a total of 124,000 ounces for the year, and the company increased its stake in the mine to 70% [5][6] - Westwood's production surged to 35,000 ounces in Q4 2024, up from 28,000 ounces in Q4 2023, with total production for the year reaching 134,000 ounces, a 44% increase year over year [7] - Essakane's production was 80,000 ounces in Q4 2024, down from 108,000 ounces in the same quarter last year, but annual production was 409,000 ounces, near the top end of guidance [8][9] Future Outlook - IAMGOLD expects attributable gold production to range between 735,000-820,000 ounces in 2025, driven by the ramp-up of Côté Gold and continued strong production from Essakane and Westwood [10] - Côté Gold's production in 2025 is anticipated to be between 250,000-280,000 ounces, while Westwood and Essakane are expected to produce 125,000-140,000 ounces and 360,000-400,000 ounces, respectively [11] - Cash cost guidance is set at $1,200-$1,350 per ounce sold, with all-in sustaining costs expected to be $1,625-$1,800 per ounce sold, with lower costs anticipated in the second half of the year [12] Stock Performance - IAMGOLD shares surged 120.6% over the past year, significantly outperforming the industry average growth of 30.5% [13]

Iamgold (IAG) closed the last trading session at $5.47, gaining 3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $7.07 indicates a 29.3% upside potential.The average comprises 10 short-term price targets ranging from a low of $5.42 to a high of $8.88, with a standard deviation of $0.99. While the lowest estimate indicates a decline of 0.9% from the current price level, the most o ...