IAMGOLD(IAG)

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IAMGOLD(IAG) - 2025 Q1 - Quarterly Report
2025-05-06 21:03
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL POSITION AND RESULTS OF OPERATIONS First Quarter Ended March 31, 2025 | INDEX | | --- | | Introduction | 2 | | --- | --- | | About IAMGOLD | 2 | | Highlights | 2 | | Operating and Financial Results | 3 | | Outlook | 6 | | Environmental, Social and Governance | 7 | | Operations | | | Côté Gold | 9 | | Westwood | 12 | | Essakane | 14 | | Other Projects | 16 | | Exploration | 16 | | Financial Condition | | | Liquidity and Capital Resources | 16 | | Contractual ...
IAMGOLD Publishes 2024 Annual Sustainability Report
Newsfile· 2025-05-06 21:01
Core Insights - IAMGOLD Corporation has published its 2024 Sustainability Report, showcasing its progress in Environmental, Social, and Governance (ESG) practices [1][2] - The report emphasizes the company's commitment to transparency, accountability, and responsible mining practices [2] Company Overview - IAMGOLD is an intermediate gold producer based in Canada, with operating mines in North America and West Africa, including Côté Gold, Westwood, and Essakane [3] - The company commenced production at Côté Gold on March 31, 2024, in partnership with Sumitomo Metal Mining Co. Ltd., which is expected to be one of the largest gold mines in Canada [3] - IAMGOLD employs approximately 3,700 people and is dedicated to high standards of ESG practices [3]
IAMGOLD Announces Results of Annual General Meeting of Shareholders
Newsfile· 2025-05-06 20:49
IAMGOLD Announces Results of Annual General Meeting of ShareholdersMay 06, 2025 4:49 PM EDT | Source: IAMGOLD CorporationToronto, Ontario--(Newsfile Corp. - May 6, 2025) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) ("IAMGOLD" or the "Company") announces the voting results from the Company's Annual General Meeting of Shareholders (the "Meeting") held Tuesday, May 6, 2025. A summary of the results are as follows: 1. Election of DirectorsThe nominees listed on the Management Information Circular ...
Iamgold (IAG) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2025-04-30 23:20
The most recent trading session ended with Iamgold (IAG) standing at $7.08, reflecting a +0.57% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily gain of 0.15%. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.09%.Heading into today, shares of the gold and niobium mining company had gained 11.39% over the past month, outpacing the Basic Materials sector's loss of 1.29% and the S&P 500's loss of 0.21% in that t ...
3 Gold Mining Stocks Poised to Outshine Q1 Earnings Estimates
ZACKS· 2025-04-30 12:20
Industry Overview - The Zacks Mining – Gold industry is part of the broader Zacks Basic Materials sector, which is expected to see a significant decline in earnings for Q1, projected to fall by 17.8% with a 0.7% decrease in revenues [1] - Gold prices have surged approximately 27% year-to-date, driven by global trade tensions and increased safe-haven demand [3] - Gold reached a record high of $3,500 per ounce on April 22, with a nearly 19% increase in the first quarter [4] Company Performance - Gold mining companies are anticipated to benefit from higher gold prices and improved operational efficiency, despite facing inflationary pressures on input costs [2][5] - Kinross Gold Corporation (KGC) is expected to report earnings of 22 cents, with an Earnings ESP of +11.07% and a Zacks Rank 2, having surpassed estimates in three of the last four quarters [8][9] - Sandstorm Gold Ltd. (SAND) is projected to report earnings of 5 cents, with an Earnings ESP of +6.67% and a Zacks Rank 2, although it has missed estimates in three of the last four quarters [11][12] - IAMGOLD Corporation (IAG) is expected to report earnings of 10 cents, with an Earnings ESP of +9.69% and a Zacks Rank 3, having beaten estimates in three of the last four quarters [13][14] Strategic Actions - Gold miners are focusing on reducing operational costs, improving efficiency, and concentrating on high-grade assets to support margins amid rising costs [5] - Companies are also working on paying down debt and eliminating non-core assets to enhance financial stability [5]
Iamgold (IAG) Stock Falls Amid Market Uptick: What Investors Need to Know
ZACKS· 2025-04-22 23:20
Company Performance - Iamgold (IAG) closed at $7.64, down 1.8% from the previous trading day, underperforming the S&P 500's gain of 2.51% [1] - Over the past month, IAG shares have increased by 30.98%, while the Basic Materials sector and S&P 500 have decreased by 5.46% and 8.86%, respectively [1] Earnings Projections - Iamgold is expected to release earnings on May 6, 2025, with projected earnings per share (EPS) of $0.10, indicating a 9.09% decrease from the same quarter last year [2] - Full-year Zacks Consensus Estimates predict earnings of $0.64 per share and revenue of $2.29 billion, representing year-over-year increases of 16.36% and 40.03%, respectively [3] Analyst Sentiment - Recent shifts in analyst projections for Iamgold are important to monitor, as upward revisions indicate positive sentiment regarding the company's business operations [4] - The Zacks Rank system, which incorporates estimate changes, currently rates Iamgold at 3 (Hold) [6] Valuation Metrics - Iamgold has a Forward P/E ratio of 12.09, which is lower than the industry's average Forward P/E of 15.76 [7] - The company has a PEG ratio of 0.42, compared to the average PEG ratio of 0.64 for Mining - Gold stocks [7] Industry Context - The Mining - Gold industry is part of the Basic Materials sector, holding a Zacks Industry Rank of 143, placing it in the bottom 43% of over 250 industries [8]
IAMGOLD Stock Climbs as Turnaround Story Gains Traction
MarketBeat· 2025-04-11 12:36
IAMGOLD TodayIAGIAMGOLD$6.86 +0.36 (+5.45%) 52-Week Range$3.44▼$7.17P/E Ratio4.73Price Target$7.23Add to WatchlistIAMGOLD Corporation NYSE: IAG shares have captured significant investor attention during the past month, registering a rally accompanied by exceptionally high trading volume. This pronounced market activity signals strong buying interest, consistently placing IAMGOLD on the top daily percentage gainer and highest daily volume watch lists. IAMGOLD's stock surge is happening within a generally ...
IAMGOLD Provides Notice of First Quarter 2025 Results and Conference Call
Newsfile· 2025-04-09 21:00
IAMGOLD Provides Notice of First Quarter 2025 Results and Conference CallApril 09, 2025 5:00 PM EDT | Source: IAMGOLD CorporationToronto, Ontario--(Newsfile Corp. - April 9, 2025) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) ("IAMGOLD" or the "Company") is pleased to announce it plans to release its first quarter 2025 operating and financial results after market hours on Tuesday, May 6, 2025. Senior management will host a conference call to discuss the operating performance and financial resul ...
Why These Gold Stocks Skyrocketed Today, and Why You'd Want to Buy Some
The Motley Fool· 2025-04-09 18:57
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 Project
Newsfile· 2025-04-03 21:12
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 ...