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 ...

IAMGOLD Corporation (IAG) is expected to deliver a year-over-year improvement in its bottom line when it reports fourth-quarter 2024 results on Feb. 20, after market close.Find the latest earnings estimates and surprises on Zacks Earnings Calendar.The Zacks Consensus Estimate for IAG’s earnings has moved down 17.65% over the past 60 days to 14 cents per share. The consensus mark indicates a significant improvement from six cents per share reported in the fourth quarter of 2023. Image Source: Zacks Investmen ...

In the latest market close, Iamgold (IAG) reached $6.54, with a -1.06% movement compared to the previous day. This change lagged the S&P 500's 1.04% gain on the day. Elsewhere, the Dow gained 0.77%, while the tech-heavy Nasdaq added 1.51%.The gold and niobium mining company's stock has climbed by 23.78% in the past month, exceeding the Basic Materials sector's gain of 7.68% and the S&P 500's gain of 3.92%.The investment community will be paying close attention to the earnings performance of Iamgold in its u ...

The latest trading session saw Iamgold (IAG) ending at $6.46, denoting a -0.31% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.36%. Elsewhere, the Dow saw a downswing of 0.28%, while the tech-heavy Nasdaq appreciated by 0.51%.Heading into today, shares of the gold and niobium mining company had gained 14.69% over the past month, outpacing the Basic Materials sector's gain of 7.62% and the S&P 500's gain of 2.11% in that time.The investment community w ...

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 ...

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]