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Iamgold Earnings Miss Estimates in Q4, Revenues Increase Y/Y
IAGIAMGOLD(IAG) ZACKS·2025-02-24 19:41

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 470million,markinga57.9470 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 130.9million,resultinginagrossmarginof27.9130.9 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 69.9millionintheprior−yearquarter[5]−Cashandcashequivalentsstoodat69.9 million in the prior-year quarter [5] - Cash and cash equivalents stood at 347.5 million as of December 31, 2024, down from 367millionayearearlier[5]AnnualPerformance−Forthefullyear2024,IAGpostedadjustedearningsof55centspershare,missingtheZacksConsensusEstimateof57cents,whilerevenuesincreased65.4367 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]