Core Insights - IAMGOLD Corporation announced preliminary operating results for 2024, reporting a total attributable gold production of 667,000 ounces, a 43% increase from the previous year, driven by the successful ramp-up of the Côté Gold Mine [5][7][8] - The company provided guidance for 2025, expecting attributable gold production to range from 735,000 to 820,000 ounces, with cash costs projected between $1,200 and $1,350 per ounce sold [5][16][24] 2024 Highlights - IAMGOLD achieved annual gold sales of 654,000 ounces at an average realized gold price of approximately $2,326 per ounce [7][12] - The Côté Gold Mine produced 124,000 ounces in its first nine months of operation, with a fourth-quarter production of 62,000 attributable ounces [8][9] - Essakane and Westwood mines also performed well, with Essakane producing 409,000 ounces and Westwood producing 134,000 ounces, both exceeding their updated guidance ranges [12][13] Côté Gold Ramp - Côté Gold Mine's ramp-up has shown positive momentum, achieving a monthly production of 37,000 ounces in November and December 2024 [9][10] - The plant operated at an average of 87% of designed throughput over a two-week period in December, with a record daily throughput of 42,635 tonnes [9][10] - Production from Côté Gold is expected to approximately double in 2025, with a target of achieving steady-state throughput of 36,000 tonnes per day by the fourth quarter [5][17] 2025 Outlook - IAMGOLD's operational guidance for 2025 includes gold production of 885,000 to 980,000 ounces on a 100% basis, with cash costs and AISC expected to decrease from 2024 levels [16][23] - Côté Gold's attributable production is projected to be between 250,000 and 280,000 ounces, with a focus on stabilizing operations and improving throughput [17][20] - Westwood's production is expected to be in the range of 125,000 to 140,000 ounces, while Essakane is projected to produce 360,000 to 400,000 ounces [22][24] Cash Costs & AISC - Cash costs for Côté Gold are expected to be between $950 and $1,100 per ounce sold, while AISC is projected to be between $1,350 and $1,500 per ounce sold [20][23] - Westwood's cash costs are anticipated to range from $1,175 to $1,325 per ounce sold, with AISC between $1,675 and $1,825 per ounce sold [23] - Essakane's cash costs are expected to be higher in 2025, ranging from $1,400 to $1,550 per ounce sold, due to lower grade milled and increased local spending [25][26] Exploration - Exploration expenditures for 2025 are expected to be approximately $38 million, with significant spending planned at Côté Gold and Essakane [27][28] - The Côté Gold exploration plan includes ongoing diamond drilling to convert Inferred Mineral Resources to Indicated and testing prospective targets in the area [30][31]

Iamgold (IAG) closed at $5.67 in the latest trading session, marking a +0.35% move from the prior day. The stock's change was more than the S&P 500's daily loss of 1.54%. Elsewhere, the Dow lost 1.63%, while the tech-heavy Nasdaq lost 1.63%.The gold and niobium mining company's shares have seen an increase of 1.62% over the last month, surpassing the Basic Materials sector's loss of 10.98% and the S&P 500's loss of 2.2%.Investors will be eagerly watching for the performance of Iamgold in its upcoming earnin ...

IAMGOLD Files Technical Report for the Westwood Mine ComplexJanuary 10, 2025 8:30 AM EST | Source: IAMGOLD CorporationAll monetary amounts are expressed in U.S. dollars, unless otherwise indicated.Toronto, Ontario--(Newsfile Corp. - January 10, 2025) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) ("IAMGOLD" or the "Company") is pleased to announce that the Company has filed a technical report for the Westwood Mine Complex ("Westwood" or the "Project"), titled "Technical Report on the Westwood Co ...

IAMGOLD (IAG) delivered a stellar performance so far in 2024, with shares soaring 102%. The company’s shares have significantly surpassed the industry's 13.2% growth and the S&P 500’s climb of 27.6% in the same timeframe. Meanwhile, the broader Zacks Basic Materials sector has declined 11.2%. This intermediate gold producer has outpaced leading gold producers like Newmont Corporation (NEM) , Barrick Gold Corporation (GOLD) and Agnico Eagle Mines Limited (AEM) . IAG’s solid run this year can be attributed to ...

For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Iamgold (IAG) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Iamgold is one of 234 companies in the Basic Materials group. The Basic Materials group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Z ...

IAMGOLD Corporation (IAG) has completed the sale of its 100% stake in the Karita Gold Project and related exploration assets in Guinea. This transaction fulfills a part of an agreement inked with Managem two years ago, under which IAG had committed to sell interests in its exploration and development projects in Senegal, Guinea and Mali. Per the deal, IAMGOLD would receive cash payments totaling $282 million.Progress on the IAMGOLD & Managem Deal So FarIAMGOLD had announced the deal with Managem on Dec. 20, ...

Group 1 - IAMGOLD Corporation has successfully closed the sale of its 100% interest in the Karita Gold Project and associated exploration assets in Guinea [3][4] - The sale of the Guinea Assets is part of a larger transaction involving the sale of interests in exploration and development projects in Senegal, Guinea, and Mali for approximately $282 million (pre-tax) [1][3] - The company previously announced the closing of the sale of its interests in Senegal, including a 90% interest in the Boto Gold Project, on April 26, 2023 [1][3] Group 2 - IAMGOLD is an intermediate gold producer and developer based in Canada, with operating mines in North America and West Africa [4] - The company has commenced production at the Côté Gold Mine, which is expected to be one of the largest gold mines in Canada [4] - IAMGOLD employs approximately 3,600 people and is committed to high standards of Environmental, Social, and Governance practices [4]

IAMGOLD Announces Amended and Upsized Credit FacilityDecember 23, 2024 7:00 AM EST | Source: IAMGOLD CorporationAll monetary amounts are expressed in U.S. dollars, unless otherwise indicated.Toronto, Ontario--(Newsfile Corp. - December 23, 2024) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) ("IAMGOLD" or the "Company") is pleased to announce that the Company and its syndicate of lenders have executed an amendment to its existing secured revolving credit facility (the "Facility"). Under the amen ...

IAMGOLD Provides Westwood Updated Mine Plan and Mineral Resource & Mineral Reserve EstimatesDecember 05, 2024 7:00 AM EST | Source: IAMGOLD CorporationAll monetary amounts are expressed in U.S. dollars, unless otherwise indicated.Toronto, Ontario--(Newsfile Corp. - December 5, 2024) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) ("IAMGOLD" or the "Company") is pleased to provide updated Mineral Resource and Mineral Reserve ("MRMR") estimates and an accompanying updated life of mine ("LOM") plan ...

IAMGOLD Announces Return to 70% Ownership in Côté Gold with Repurchase of 9.7% InterestDecember 02, 2024 7:00 AM EST | Source: IAMGOLD CorporationAll monetary amounts are expressed in U.S. dollars, unless otherwise indicated.Toronto, Ontario--(Newsfile Corp. - December 2, 2024) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) ("IAMGOLD" or the "Company") is pleased to announce that effective November 30, 2024, it has exercised the right to repurchase the 9.7% interest of the Côté Gold Mine ("Côté ...