IAMGOLD Reports Fourth Quarter and Year-End 2025 Results

Core Insights - IAMGOLD Corporation reported strong financial and operational results for Q4 and the full year 2025, with adjusted EBITDA reaching $1.5 billion and a record fourth quarter adjusted EBITDA of $710.1 million [2][5] - The company is focused on de-leveraging its balance sheet and returning value to shareholders through a share buyback program, having repurchased approximately $100 million in shares since December 2025 [2][13] - Looking ahead, IAMGOLD anticipates exciting growth in 2026, with a production guidance range of 720,000 to 820,000 ounces and continued operational excellence [2][15] Financial Performance - For Q4 2025, IAMGOLD achieved attributable gold production of 242,400 ounces, and for the full year, production totaled 765,900 ounces, meeting the mid-point of its guidance [5][9] - Revenues for Q4 were $1,088.1 million from sales of 259,000 ounces at an average realized gold price of $4,191 per ounce, while total revenues for the year were $2,852.8 million [5][12] - The company reported net earnings of $406.6 million for Q4 and $664.4 million for the full year, with adjusted net earnings per share of $0.70 for Q4 and $1.16 for the year [12][14] Production and Costs - Côté Gold produced a record 87,200 attributable ounces in Q4 and 279,900 ounces for the full year, achieving the top end of its production guidance [5][46] - Cash costs per ounce sold, excluding royalties, were $1,031 for Q4 and $1,230 for the year, while all-in sustaining costs (AISC) were $1,750 for Q4 and $1,900 for the year [5][20] - The average realized gold price for the year was $3,482 per ounce, with cash costs including royalties averaging $1,484 per ounce sold [5][20] Mineral Reserves and Resources - As of December 31, 2025, IAMGOLD's proven and probable mineral reserves totaled 9.9 million ounces of gold, a decrease of 7% from the previous year due to depletion at Côté Gold and Essakane [5][6] - Measured and indicated mineral resources increased by 16% to 31.0 million ounces, primarily due to the conversion of inferred resources at Côté Gold and Nelligan [6] Capital Expenditures and Future Plans - The company allocated $400 million of free cash flows in Q4 to repay debt and repurchase shares, with expectations of approximately $400 to $500 million in free cash flow from Essakane in 2026 [13] - Capital expenditures for 2026 are expected to total approximately $500 million, with $380 million for sustaining capital and $120 million for expansion [26][27] Health and Safety - IAMGOLD reported a total recordable injuries frequency rate (TRIFR) of 0.60 for 2025, an improvement from the previous year, reflecting the company's commitment to safety [31]