Core Viewpoint - Gold stocks are gaining traction as a hedge against market volatility caused by ongoing tariff disputes, with significant price increases observed in several gold mining companies [1][3][4]. Gold Market Performance - Gold prices increased by over 3% as investors sought safe-haven assets amid stock market sell-offs triggered by tariffs [3][4]. - Gold stocks, particularly those of companies with strong operational performances, have rallied due to the direct impact of rising gold prices on their financials [5]. Company Highlights - Newmont Corporation, the world's second-largest gold company, saw its shares rise by 8.8% with a market capitalization of $52.2 billion [2]. - Harmony Gold reported a 19% increase in revenue and a 33% surge in net income, despite a 4% drop in production, with cash flow from operations increasing by 46% year-over-year [6]. - AngloGold Ashanti's revenue jumped 26% in 2024, leading to a net profit of $1 billion compared to a net loss of $222 million in 2023, with a dividend yield of 4.1% [7]. - Iamgold Corp experienced a 43% increase in gold production and a 65% rise in revenue to $1.6 billion in 2024, projecting further growth in 2025 [10]. - Newmont Mining reported a net income of $3.4 billion in 2024, recovering from a net loss of $2.5 billion in 2023, and generated $6.3 billion in cash flow from operations [11]. Future Outlook - The year 2025 is anticipated to be significant for gold mining companies, with expectations of continued growth driven by rising gold prices amid ongoing trade tensions [12].

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]

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 fourth-quarter production of 96,000 ounces, a 41% increase from the prior quarter [26][36] - Westwood produced 134,000 ounces in 2024, exceeding its revised production target, with fourth-quarter 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 fourth-quarter production of 80,000 ounces [48][50] Market Data and Key Metrics Changes - Approximately 80% of IAMGOLD's measured and indicated ounces and 90% of global inferred ounces are located in Canada, highlighting the company's strong position in a top-tier mining jurisdiction [10] - The company anticipates increasing free cash flow in 2025, supported by strong gold prices and operational improvements [8][23] 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 the fourth quarter of 2025, while maximizing resources at Côté and Gosling [10][39] - The company is focused on deleveraging its balance sheet and refining its capital structure, with a goal of becoming a leading modern Canadian gold producer [11][23] - Exploration efforts are ramping up at Nelligan, with plans for 30,000 meters of diamond drilling to test mineralization extensions [56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving production targets despite challenges, emphasizing stability and operational improvements [61][83] - The company expects Q1 2025 to be weaker due to maintenance and changeovers, but anticipates a strong recovery in Q4 2025 [78][90] - Management highlighted the importance of cash flow generation from Essakane and its potential impact on the balance sheet in 2025 and 2026 [95] Other Important Information - IAMGOLD completed the repurchase of a 9.7% interest in Côté Gold, returning to a full 70% interest [17] - The company has made significant progress in reducing its gold prepayment obligations, with over half completed [19] - An updated mineral resource estimate for Nelligan showed a 56% increase in indicated resources, positioning it among Canada's largest gold projects [54][55] Q&A Session Summary Question: Challenges in January with HPGR and other crushers - Management confirmed that guidance issued accounted for known repairs and maintenance, maintaining confidence in production targets [60][61] Question: Production guidance and expected downtime - Management indicated that Q1 would be the weakest quarter, with improvements expected in Q2 and Q3, and Q4 anticipated to be the strongest [78][90] Question: Overall production profile for Essakane and Westwood - Management acknowledged potential variability in Q1 but expects a general upward trend in production throughout the year [87][90]

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 ...