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Scotiabank Lifts IAMGold Corporation (IAG) PT to $23 Driven by Record Gold, Silver Price Forecasts
Yahoo Finance· 2026-02-04 14:03
Core Viewpoint - IAMGold Corporation (NYSE:IAG) is currently considered a promising investment opportunity due to recent price target increases from multiple financial institutions, driven by favorable forecasts for gold and silver prices amid economic and geopolitical uncertainties [1][3][6]. Price Target Adjustments - Scotiabank raised its price target for IAMGold to $23 from $15 while maintaining a Sector Perform rating, reflecting a broader update in the Gold & Precious Minerals sector [1][6]. - Canaccord increased its price target on IAMGold to C$32 from C$23.50, maintaining a Buy rating, indicating strong confidence in the company's prospects [2]. - Bank of America raised its price target for IAMGold to $20.50 from $17.50, also keeping a Buy rating, citing intensified macro drivers for higher gold prices and strong anticipated capital returns for Q4 2025 [3]. Market Context - The adjustments in price targets are supported by ongoing economic and geopolitical uncertainties, as well as robust buying activity from central banks, which are contributing to the positive outlook for gold and silver prices [1][3]. - IAMGold operates as a gold producer and developer in Canada and Burkina Faso, positioning itself well within the precious metals market [3].
iA Financial Group Announces the Release Date of Its 2025 Fourth Quarter Earnings Results
Businesswire· 2026-02-03 15:00
Core Viewpoint - The article provides information on how to access a live webcast and conference call for iA Financial Group, emphasizing the importance of investor engagement and communication [1] Group 1 - The live webcast can be accessed through the iA Financial Group website under the Investor Relations section [1] - A phone registration link is provided for participants to receive a dial-in number for the conference call [1] - Two phone numbers are available for connecting to the conference call, including a toll-free option for North America and an international number [1]
Auriginal-IAMGOLD Anik JV Drilling Program Commences in the Nelligan Gold Camp
TMX Newsfile· 2026-01-26 11:00
Core Viewpoint - Auriginal Mining Corp. has commenced diamond drilling at the Anik JV property in partnership with IAMGOLD Corporation to explore high-priority gold targets adjacent to IAMGOLD's Nelligan Gold Project [2][3]. Group 1: Project Overview - The Anik property is located 40 km southwest of Chapais, Quebec, and is accessible via paved Highway 113 N and forestry gravel roads [2]. - Historical exploration from 2014 to 2025 has included geological, geophysical, and diamond-drilling programs, focusing on the eastern continuation of the Nelligan Deformation Zone [4]. - Significant historical drill results include intersections of 2.82 g/t Au over 6.3 m and 9.76 g/t Au over 1.5 m from the Opawica West target area [4]. Group 2: Drilling Program - IAMGOLD is operating an 8-hole, 1,600 m drill program targeting gold in the north-central part of the Anik property, with drilling expected to be completed in February [5]. - The program aims to test important geophysical, geological, and structural targets identified on the property [5]. Group 3: Joint Venture Details - The Anik Project is part of an Earn-In and Joint Venture Agreement between IAMGOLD and Kintavar Exploration Inc. (now Auriginal), covering 5,374.56 hectares [6]. - IAMGOLD has exercised its option to acquire a 75% interest in the Anik project, with Auriginal retaining a 25% interest [7]. Group 4: Company Profile - Auriginal Mining Corp. is focused on copper and gold exploration in Quebec, with a diversified portfolio including the flagship Roger Project [8][9]. - The company aims to execute an aggressive exploration and acquisition strategy to attract market attention [9].
IAMGOLD (IAG) Jumps 22% on Silver, Gold Fever
Yahoo Finance· 2026-01-25 23:38
Core Viewpoint - IAMGOLD Corp. has experienced significant growth in share prices, driven by rising gold and silver prices and strong preliminary production results for 2025 [1][2]. Group 1: Stock Performance - IAMGOLD's share prices increased by 22.01% week-on-week, reaching a 14-year high [1][2]. - The prices of silver and gold rose by 14.5% and 8.4% week-on-week, respectively, reaching $102.9 and $4,982.91 [2]. Group 2: Production Targets - IAMGOLD announced it achieved its gold production target for 2025, producing 765,900 ounces, supported by strong output from its Essakane, Cote, and Westwood sites [3]. - For the current year, IAMGOLD aims to produce between 720,000 and 820,000 ounces of gold, focusing on sustainable operations ahead of an expansion plan to be announced in Q4 [4]. Group 3: Analyst Recommendations - Several analysts have issued "buy" recommendations for IAMGOLD shares, with TD Securities setting the highest price target at $24 [4][5]. - Canaccord raised its price target to $23.32 from $11.05, while Bank of America issued a fair value assessment of $20.50 [5].
Centerra Gold vs. IAMGOLD: Which Gold Miner is the Better Buy?
ZACKS· 2026-01-21 13:51
Core Insights - Centerra Gold Inc. (CGAU) and IAMGOLD Corporation (IAG) are attracting investor interest due to strong gold prices and improving operational metrics in the precious metals sector [1][2] Group 1: Centerra Gold Inc. (CGAU) - Centerra Gold reported a strong third quarter with consistent production, generating significant cash flow from its core assets, producing 49,234 ounces at the Öksüt Mine and 32,539 ounces of gold along with 13.4 million pounds of copper at the Mount Milligan Mine [3][6] - The Mount Milligan Mine's long-term permitting and technical work has been advanced, extending operational visibility to 2045 and allowing for a 10% processed throughput expansion by 2028 [4][5] - As of the end of Q3, CGAU had approximately $561.8 million in cash, a long-term debt-to-capitalization ratio of 2.3%, and a free cash flow of about $99 million, providing substantial liquidity for operations and growth projects [6][9] Group 2: IAMGOLD Corporation (IAG) - IAMGOLD achieved a total attributable gold production of approximately 190,000 ounces in Q3 2025, with the Côté Gold Mine producing a record 106,000 ounces [7][10] - The Essakane Mine produced 92,000 ounces despite operational challenges, while the Westwood Complex contributed around 23,000 ounces [8][12] - IAG's cash and cash equivalents were about $314 million at the end of Q3, with a long-term debt-to-capitalization ratio of 21.3% and a record mine-site free cash flow of $292 million [12] Group 3: Comparative Analysis - CGAU's stock has increased by 198.7% over the past year, while IAG's stock has risen by 248.5% [15] - CGAU is trading at a forward 12-month sales multiple of 2.91X, compared to IAG's 4.47X [16] - The Zacks Consensus Estimate suggests a 47.8% year-over-year rise in CGAU's fiscal 2026 EPS, while IAG's EPS is expected to rise by 98.1% [19][20] Group 4: Investment Outlook - CGAU is positioned as a more reliable investment due to its stronger balance sheet, lower leverage, and higher liquidity, while IAG presents upside potential through the ramp-up of the Côté Gold project, albeit with execution risks [21][22] - CGAU holds a Zacks Rank of 1 (Strong Buy), while IAG has a Zacks Rank of 3 (Hold) [22]
IAMGOLD (IAG) Climbs to 14-Year High Ahead of Earnings on PT Hike, Gold Rush
Yahoo Finance· 2026-01-21 07:17
Company Performance - IAMGOLD Corporation (NYSE:IAG) reached a new 14-year record, driven by a surge in gold prices and a 17 percent price target upgrade [1] - The stock price peaked at $19.98 during intra-day trading, closing up 15.49 percent at $19.83, the highest level since November 2011 [2] - The rally in IAMGOLD's stock was supported by a broader increase in gold prices, which surpassed $4,700, following geopolitical tensions and tariff threats from President Trump [3] Analyst Recommendations - Bank of America raised its price target for IAMGOLD to $20.50 from $17.50, indicating a 3 percent upside potential from the latest closing price, while maintaining a "buy" recommendation [4] Future Projections - IAMGOLD projected record revenues for full-year 2025, with attributable gold production reaching 765,900 ounces, supported by strong output from its Essakane, Cote, and Westwood sites [5]
加拿大股市创收盘历史新高
Mei Ri Jing Ji Xin Wen· 2026-01-19 21:56
Core Viewpoint - The S&P/TSX Composite Index in Canada closed up 0.15% at 33,090.96 points, marking a new all-time high for the index [1] Group 1: Index Performance - The S&P/TSX Composite Index continues to set record closing highs [1] Group 2: Notable Stock Performances - IAMGOLD saw a significant increase of 9.73% [1] - G Mining Ventures rose by 5.47% [1] - Hilltop Metals increased by 5.21% [1] - Dundee Precious Metals gained 4.80% [1] - K92 Mining experienced a rise of 4.71% [1] - Wesdome Gold Mines increased by 4.53% [1] - Lundin Gold rose by 4.30% [1] - Nova Gold Resources saw an increase of 4.09% [1] - SeaBridge Gold gained 4.03% [1] - Discovery Silver rose by 4.01% [1]
IAMGOLD Reports Preliminary 2025 Operating Results & 2026 Guidance
TMX Newsfile· 2026-01-19 12:00
Core Insights - IAMGOLD Corporation reported strong preliminary operating results for Q4 and full year 2025, with record production across all mines and a positive outlook for 2026 [1][4][5] 2025 Highlights - Attributable gold production for 2025 reached 765,900 ounces, achieving the mid-point of the production guidance range of 735,000 to 820,000 ounces [5][7] - Côté Gold produced 279,900 attributable ounces in 2025, while Westwood and Essakane produced 113,900 and 372,100 ounces respectively [5][12][14] - Record revenues were anticipated with annual gold sales of 817,800 ounces at an average realized price of approximately $3,480 per ounce [5][7] 2026 Outlook - The company expects attributable gold production in 2026 to be between 720,000 and 820,000 ounces, with Côté Gold focusing on sustainable operations [5][17] - Cash costs are projected to average $1,100 to $1,250 per ounce sold, with all-in sustaining costs (AISC) expected to be in the range of $1,425 to $1,575 per ounce sold [5][17] - Sustaining capital expenditures are estimated at approximately $380 million, with expansion capital expenditures of $120 million planned for 2026 [5][17] Côté Gold Operations - Côté Gold achieved full nameplate production capacity in June 2025, with 2026 production expected to be between 270,000 and 310,000 attributable ounces [8][19] - The focus for 2026 will be on stabilization and optimization of operations, with a significant pushback planned to enhance mine efficiency [19][20] - Cash costs at Côté Gold are expected to range from $900 to $1,050 per ounce sold, with AISC projected at $1,775 to $1,925 per ounce sold [21][22] Westwood Complex - Westwood's production is anticipated to be between 110,000 and 130,000 ounces in 2026, with underground mining activities planned for 900 to 1,000 tonnes per day [23][24] - Cash costs are expected to be in the range of $1,500 to $1,650 per ounce sold, with AISC projected at $1,950 to $2,100 per ounce sold [24] Essakane Operations - Essakane's attributable production is expected to be between 340,000 and 380,000 ounces in 2026, focusing on mining activities in Phase 6 and 7 [27][28] - Cash costs are projected to range from $1,150 to $1,300 per ounce sold, with AISC expected to be between $2,000 and $2,150 per ounce sold [28][29] Exploration Initiatives - Exploration expenditures for 2026 are expected to be approximately $54 million, with significant spending planned at the Nelligan Complex [30][31] - The exploration program aims to expand the mineralized footprint of key projects while testing high-priority targets [6]
IAMGOLD Hits a Fresh 52-Week High: What's Powering the Rally?
ZACKS· 2026-01-13 13:00
Core Insights - IAMGOLD Corporation (IAG) shares reached a 52-week high of $18.07, closing at $17.8, reflecting a 220.1% increase over the past year, outperforming the Zacks Mining-Gold industry's 146.5% rise, driven by higher gold prices, record production at Cote Gold, improved cost efficiency, debt reduction, and growing investor optimism [1][4][6]. Production and Revenue Performance - Total attributable gold production increased by 9.8% year over year to 190,000 ounces, primarily due to the ramp-up at Cote Gold, which contributed 75,000 attributable ounces, up approximately 83% from 41,000 ounces in Q3 2024 [4][5]. - Revenue surged 61% year over year to $706.7 million from $438.9 million, supported by higher realized gold prices averaging $3,492 per ounce and increased sales volumes, particularly from Cote Gold [5][6]. Strategic Initiatives and Growth - IAMGOLD advanced key projects in 2025, with Cote Gold reaching sustained nameplate capacity, enhancing production and cost efficiency through incremental investments [6][7]. - The company expanded its Quebec pipeline by acquiring Northern Superior Resources and Mines d'Or Orbec, consolidating multiple deposits into the Nelligan Mining Complex, while ongoing drilling at Nelligan and Monster Lake continues to enhance resource potential [6][7]. - Debt repayment has strengthened IAMGOLD's balance sheet and financial flexibility as the company transitions into a higher-production phase [7].
IAMGOLD Soars 144% in 6 Months: Here's How to Play the Stock
ZACKS· 2026-01-07 16:50
Core Viewpoint - IAMGOLD Corporation (IAG) has significantly outperformed its peers and the broader market over the past six months, driven by successful production ramp-up at its Côté Gold mine, higher gold prices, and improved cash flow expectations [2]. Group 1: Performance Metrics - IAG's stock has increased by 144.2% in the last six months, compared to a 69.4% rise in the Zacks Mining-Gold industry and a 13.8% increase in the S&P 500 [2]. - The company's attributable gold production rose to 190,000 ounces in Q3 2025, marking a 9.8% year-over-year increase, with Côté Gold contributing significantly by producing 75,000 attributable ounces, an 83% increase from the previous year [9][10]. - Revenue for Q3 2025 surged 61% year-over-year to $706.7 million, driven by higher realized gold prices of approximately $3,492 per ounce and increased sales volumes [11]. Group 2: Financial Position - IAMGOLD reduced its net debt by about $201.7 million in Q3 2025, supported by strong operating cash flow and improved liquidity [6][12]. - As of September 30, 2025, IAMGOLD had $314.3 million in cash and cash equivalents, with total liquidity of approximately $707.2 million available for operations and debt obligations [13]. - The company maintained disciplined capital spending with total capital expenditures of $51.5 million, including $39.7 million for sustaining capital and $11.8 million for expansion [14]. Group 3: Strategic Initiatives - IAMGOLD advanced key projects, achieving operational milestones at Côté Gold and expanding its exploration pipeline in Quebec through acquisitions [16][17]. - Ongoing drilling at Nelligan and Monster Lake is enhancing resource potential, while the company has also received approval for a share buyback program, indicating improved financial flexibility [18]. Group 4: Earnings Estimates - The Zacks Consensus Estimate for IAG's fiscal 2025 earnings is currently at 88 cents per share, reflecting a 60% year-over-year growth, with 2026 estimates at $1.62 per share, implying 84% growth [20]. Group 5: Valuation Metrics - IAMGOLD is trading at a forward 12-month price-to-sales multiple of 3.83X, slightly above the industry average of 3.76X [21].