Canada · Delayed Price · Currency is CAD IAMGOLD Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw strong gold production and nearly $900M in mine-site free cash flow YTD, with robust operational performance across all mines. The company ended the quarter in a net cash position, increased its credit facility, and continued significant share buybacks.
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Gold production and financial results were robust in Q1 2026, with strong free cash flow, a net cash position, and significant shareholder returns. Cost reduction and production growth initiatives are on track, with major technical studies and expansions expected across all assets.
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Production is ramping up across Canadian and West African mines, with a focus on cost reduction and efficiency at Côté Gold. Strong cash flow is driving debt reduction and share buybacks, while major expansion studies at Côté, Essakane, Westwood, and Nelligan are set to drive future growth.
Fiscal Year 2025
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Record revenues and cash flow were driven by historic gold prices and strong production across all sites. Share buybacks and debt reduction were prioritized, with significant resource growth at Côté-Gosselin and the new Nelligan Mining Complex. Guidance points to continued operational improvements and disciplined capital allocation.
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Record free cash flow and strong gold production drove significant debt reduction and enabled a new share buyback program. Strategic acquisitions in Quebec position the company for long-term growth, while operational improvements at Côté and Essakane support robust guidance despite cost pressures.
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Côté Gold ramped up ahead of schedule, driving strong Q2 production and cash flow, though costs rose due to royalties and ramp-up activities. Full-year guidance is reaffirmed, with a stronger H2 expected and key cost reductions anticipated after the Q4 crusher installation.
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Q1 2025 saw 161,000 ounces of gold produced, a 7% year-over-year increase, with Côté ramping up to 90%+ of nameplate throughput and strong cash flow generation. Guidance for 2025 remains 735,000–820,000 ounces, with a stronger second half expected as grades and throughput improve across all sites.
Fiscal Year 2024
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Gold production rose 43% year-over-year to 667,000oz, driven by Côté Gold's ramp-up and strong output at Essakane and Westwood. Revenues hit $1.6B, adjusted EBITDA doubled, and net earnings reached $819.6M. 2025 guidance anticipates further production growth and cost improvements.
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Q3 2024 delivered strong gold production, record EBITDA, and positive free cash flow at Côté Gold. Guidance was reiterated, with Essakane and Westwood at the upper end of ranges and Côté ramping up. Debt reduction remains a priority, with shareholder returns targeted for 2026 and beyond.
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Q2 saw strong production and financial results, with Côté Gold achieving commercial production and Essakane and Westwood outperforming, leading to increased guidance and improved cost outlook. Liquidity remains robust, and capital projects are on track.