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]

Iamgold (IAG) closed at $5.67 in the latest trading session, marking a +0.35% move from the prior day. The stock's change was more than the S&P 500's daily loss of 1.54%. Elsewhere, the Dow lost 1.63%, while the tech-heavy Nasdaq lost 1.63%.The gold and niobium mining company's shares have seen an increase of 1.62% over the last month, surpassing the Basic Materials sector's loss of 10.98% and the S&P 500's loss of 2.2%.Investors will be eagerly watching for the performance of Iamgold in its upcoming earnin ...

IAMGOLD Files Technical Report for the Westwood Mine ComplexJanuary 10, 2025 8:30 AM EST | Source: IAMGOLD CorporationAll monetary amounts are expressed in U.S. dollars, unless otherwise indicated.Toronto, Ontario--(Newsfile Corp. - January 10, 2025) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) ("IAMGOLD" or the "Company") is pleased to announce that the Company has filed a technical report for the Westwood Mine Complex ("Westwood" or the "Project"), titled "Technical Report on the Westwood Co ...

IAMGOLD (IAG) delivered a stellar performance so far in 2024, with shares soaring 102%. The company’s shares have significantly surpassed the industry's 13.2% growth and the S&P 500’s climb of 27.6% in the same timeframe. Meanwhile, the broader Zacks Basic Materials sector has declined 11.2%. This intermediate gold producer has outpaced leading gold producers like Newmont Corporation (NEM) , Barrick Gold Corporation (GOLD) and Agnico Eagle Mines Limited (AEM) . IAG’s solid run this year can be attributed to ...

For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Iamgold (IAG) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Iamgold is one of 234 companies in the Basic Materials group. The Basic Materials group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Z ...