IAMGOLD Reports Preliminary 2025 Operating Results & 2026 Guidance

Core Insights - IAMGOLD Corporation reported strong preliminary operating results for Q4 and full year 2025, with record production across all mines and a positive outlook for 2026 [1][4][5] 2025 Highlights - Attributable gold production for 2025 reached 765,900 ounces, achieving the mid-point of the production guidance range of 735,000 to 820,000 ounces [5][7] - Côté Gold produced 279,900 attributable ounces in 2025, while Westwood and Essakane produced 113,900 and 372,100 ounces respectively [5][12][14] - Record revenues were anticipated with annual gold sales of 817,800 ounces at an average realized price of approximately $3,480 per ounce [5][7] 2026 Outlook - The company expects attributable gold production in 2026 to be between 720,000 and 820,000 ounces, with Côté Gold focusing on sustainable operations [5][17] - Cash costs are projected to average $1,100 to $1,250 per ounce sold, with all-in sustaining costs (AISC) expected to be in the range of $1,425 to $1,575 per ounce sold [5][17] - Sustaining capital expenditures are estimated at approximately $380 million, with expansion capital expenditures of $120 million planned for 2026 [5][17] Côté Gold Operations - Côté Gold achieved full nameplate production capacity in June 2025, with 2026 production expected to be between 270,000 and 310,000 attributable ounces [8][19] - The focus for 2026 will be on stabilization and optimization of operations, with a significant pushback planned to enhance mine efficiency [19][20] - Cash costs at Côté Gold are expected to range from $900 to $1,050 per ounce sold, with AISC projected at $1,775 to $1,925 per ounce sold [21][22] Westwood Complex - Westwood's production is anticipated to be between 110,000 and 130,000 ounces in 2026, with underground mining activities planned for 900 to 1,000 tonnes per day [23][24] - Cash costs are expected to be in the range of $1,500 to $1,650 per ounce sold, with AISC projected at $1,950 to $2,100 per ounce sold [24] Essakane Operations - Essakane's attributable production is expected to be between 340,000 and 380,000 ounces in 2026, focusing on mining activities in Phase 6 and 7 [27][28] - Cash costs are projected to range from $1,150 to $1,300 per ounce sold, with AISC expected to be between $2,000 and $2,150 per ounce sold [28][29] Exploration Initiatives - Exploration expenditures for 2026 are expected to be approximately $54 million, with significant spending planned at the Nelligan Complex [30][31] - The exploration program aims to expand the mineralized footprint of key projects while testing high-priority targets [6]