Group 1 - IAMGOLD is a midstream gold miner undergoing a significant operational transformation in 2025 with the commencement of commercial production at its flagship project, Côté Gold, located in Ontario [1] - The Côté Gold mine is characterized by its large scale and is expected to have a useful life extending over several years, contributing to IAMGOLD's growth and operational efficiency [1]

Core Viewpoint - IAMGOLD held a conference call to discuss its first quarter 2025 operating and financial results, emphasizing the importance of transparency and respect for Indigenous rights in its operations [1][3]. Group 1: Company Overview - The conference call featured key executives including the President and CEO, CFO, COO, Chief Legal and Strategy Officer, and Chief People Officer, indicating a comprehensive leadership presence [2]. - The call was conducted from IAMGOLD's Toronto office, highlighting the company's commitment to its location and the communities it operates within [3]. Group 2: Communication and Transparency - The company underscored its belief in fostering trust and transparency with Indigenous communities, which is foundational to its operational philosophy [3]. - Forward-looking statements and non-IFRS measures were mentioned, suggesting a focus on providing detailed financial insights and future projections [4].

Financial Data and Key Metrics Changes - IAMGOLD reported revenues of $477.1 million from sales of 174,000 gold ounces at an average realized price of $2,731 per ounce, with adjusted EBITDA of $204.5 million compared to $152.5 million in Q1 2024 [17][18] - Cash costs averaged $14.59 per ounce and all-in sustaining costs averaged $19.08 per ounce in Q1 2025, with expectations for costs to decline as production ramps up [12][33] - Mine site free cash flow increased to $140 million in Q1 2025 from $46 million in the same period last year [12] Business Line Data and Key Metrics Changes - Cote produced 73,000 ounces in Q1 2025, with a focus on ramping up to full production capacity of 36,000 tons per day by year-end [22][28] - Westwood's production decreased to 24,000 ounces, impacted by temporary equipment challenges, but is expected to improve as mining sequencing changes [31] - Essakane saw attributable production of 86,000 ounces, with cash costs of $15.57 per ounce and all-in sustaining costs of $18.46 per ounce [35] Market Data and Key Metrics Changes - IAMGOLD's cash and cash equivalents stood at $316.6 million, with net debt of $882.3 million, indicating a liquidity position of approximately $745.8 million [13] - The company is expected to declare a dividend in Q2 2025, similar to the $180 million declared in the previous year [14][15] Company Strategy and Development Direction - IAMGOLD aims to complete a significant drill program in the Kothi and Gosselin zones to support a technical report in 2026, targeting a unified super pit operation [8][29] - The company is focused on reducing debt levels and costs, with plans to repay a $400 million term loan in installments [15][81] - IAMGOLD is confident in its organic growth potential, particularly in the Nelligan and Monster Lake projects, which combined have nearly 9 million ounces of resources [37][90] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the 2025 production guidance of 735,000 to 820,000 ounces, with expectations for stronger quarterly production [7][39] - The company remains optimistic about the operational improvements at Cote and the potential for increased production at Westwood and Essakane in the second half of the year [39][76] Other Important Information - IAMGOLD's total recordable injury frequency rate was 0.627 in Q1 2025, indicating a slight increase from the prior quarter [10] - The company released its 2024 sustainability report, emphasizing its commitment to responsible mining practices [11] Q&A Session Summary Question: Congratulations on getting Cote up to the 96% throughput rate. Can you provide details on stockpile levels and grade expectations? - Management indicated that the lower grade of 0.78 was planned for the first half of the year, with expectations to increase grades as mining progresses [40][41][45] Question: What are the expectations for Essakane's grade reconciliation in the second half of the year? - Management expects a flat grade profile for the remainder of the year, with grades above 1 gram per ton anticipated [46][48] Question: Can you comment on the impact of lower fuel prices on Essakane's costs? - Management noted that fuel costs in Burkina Faso take time to adjust, and the cost improvements were primarily due to higher throughput rates [56][57] Question: What is the outlook for Westwood's grades in Q2? - Management expects grades to improve, targeting around 9 to 10 grams per ton as mining sequencing changes [59][60] Question: Can you provide insights on the security situation in Burkina Faso? - Management remains confident in the security situation, stating that operations continue without disruptions and relationships with the government are strong [61][63] Question: How does the company plan to return value to shareholders? - Management emphasized the priority of reducing debt levels before considering share buybacks or dividends, with a target net debt to EBITDA ratio of 1 or less [80][84]

IAMGOLD (IAG) Q1 2025 Earnings Call May 07, 2025 08:30 AM ET Speaker0 Thank you for standing by. This is the conference operator. Welcome to the IAMGOLD First Quarter twenty twenty five Operating and Financial Results Conference Call and Webcast. As a reminder today, all participants are in listen only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. At this time, I would like to turn the conference over to Graham Jennings, VP, Investor Relati ...

Q1 2025 RESULTS CONFERENCE CALL TSX: IMG l NYSE: IAG l www.iamgold.com Q1 2025 CONFERENCE CALL May 7, 2025 Q1 2025 RESULTS CONFERENCE CALL Cautionary Statement CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION All information included or incorporated by reference in this MD&A, including any information as to the Company's vision, strategy, future financial or operating performance and other statements that express management's expectations or estimates of future performance or impact, including sta ...

IAMGOLD Reports First Quarter 2025 ResultsMay 06, 2025 5:30 PM EDT | Source: IAMGOLD CorporationAll monetary amounts are expressed in U.S. dollars, unless otherwise indicated.Toronto, Ontario--(Newsfile Corp. - May 6, 2025) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) ("IAMGOLD" or the "Company") today reported its financial and operating results for the first quarter 2025. "In the first quarter of 2025, IAMGOLD achieved important milestones which position the company well for the future," sai ...

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 ...

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 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 ...

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 ...