IAMGOLD Reports Third Quarter 2025 Results

Core Viewpoint - The third quarter of 2025 is a significant period for IAMGOLD, showcasing operational excellence, financial discipline, and responsible growth, with a strong focus on gold production and strategic initiatives [2]. Operating and Financial Highlights - Attributable gold production for Q3 2025 was 190,000 ounces, totaling 524,000 ounces year-to-date, on track to meet full-year guidance [5][13]. - Côté Gold Mine achieved record production of 106,000 ounces in Q3, with year-to-date production of 275,000 ounces [5][35]. - Revenues for Q3 2025 reached $706.7 million from sales of 203,000 ounces at an average realized gold price of $3,492 per ounce [5][12]. - Cost of sales per ounce sold was $1,593, with cash costs at $1,588 and all-in sustaining costs (AISC) at $1,956 [5][12]. - The company expects to achieve the top end of revised annual cash cost guidance of $1,375 to $1,475 per ounce sold and AISC guidance of $1,830 to $1,930 per ounce sold [6][17]. Corporate Financial Performance - Net earnings attributable to equity holders for Q3 2025 were $139.4 million, with adjusted net earnings of $170.9 million [8][12]. - EBITDA for Q3 was $338.4 million, with adjusted EBITDA at $359.5 million, contributing to a trailing twelve-month EBITDA exceeding $1 billion [8][12]. - The company reported record mine-site free cash flow of $292.3 million for Q3 2025 [8][49]. - Liquidity available was $707.2 million, with net debt reduced to $813.2 million, down $201.7 million during the quarter [8][12]. Strategic Initiatives - A share buyback program has been approved, allowing for the purchase of up to 10% of outstanding common shares, reflecting management's confidence in the company's future [8][9]. - The company is advancing expansion plans at Côté Gold and has announced acquisitions to consolidate the Chibougamau region, creating the Nelligan Complex [2][9]. - The combined assets from the acquisitions will position IAMGOLD as one of the largest pre-production gold camps in Canada, with significant mineral resources [9]. Health and Safety - The total recordable injuries frequency rate (TRIFR) for Q3 2025 was 0.56, indicating a focus on improving safety and reducing incidents [29]. Environmental, Social, and Governance (ESG) - The company released its 2024 Sustainability Report, aligning with various ESG frameworks and standards [26].