Gold Stock IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) Gains on Third Quarter 2025 Results
Investorideas.com (www.investorideas.com Newswire) a top 100 rated investment site for retail investors following mining stocks issues a trading and news alert for IAMGOLD Corporation (NYSE: IAG) (TSX: IMG).
The stock makes the TSX top percentage gainer on Third Quarter results and as gold prices recover. The stock is trading at $17.03+1.58, gaining 10.23% on volume of over 1.7 Million shares. IAMGOLD had a morning high of $18.15.
IAMGOLD Corporation reported its financial and operating results for the third quarter 2025.
"The third quarter of 2025 marks a pivotal moment for IAMGOLD as we continue to deliver on our commitment to operational excellence, financial discipline and responsible growth," said Renaud Adams, President and Chief Executive Officer of IAMGOLD. "Attributable gold production for the quarter was 190,000 ounces, bringing our year-to-date total to 524,000 ounces. Our flagship Côté Gold Mine produced a record 106,000 ounces in the quarter, marking the second consecutive quarter averaging over 30,000 ounces per month. Operating costs continue to see pressure in this strong gold price environment, and while it is important to realize the current gold prices today, we understand the importance of implementing diligent cost controls particularly ahead of the next stage of organic growth."
"Financially, with a strong third quarter and rising gold prices, the Company has been able to accelerate our strategic initiatives. Our trailing twelve-month EBITDA now exceeds $1 billion, and we have repaid approximately $270 million of our second lien notes, further strengthening our balance sheet and financial flexibility."
"Looking ahead, subject to regulatory approvals, we are initiating a share buyback program for up to 10% of outstanding common shares, underscoring our confidence in the Company's future and our commitment to delivering value to shareholders. We are advancing expansion plans at Côté Gold, and with the recent announcement of acquisitions to consolidate the Chibougamau region in Quebec to create the Nelligan Complex, we have further positioned IAMGOLD as a leading, modern Canadian-focused multi-asset gold mining company. I am proud of our team's achievements and remain confident in our ability to deliver enduring value for our investors, while maintaining a steadfast commitment to safety and accountability."
HIGHLIGHTS:
Operating and Financial
Attributable gold production was 190,000 ounces in the third quarter and 524,000 ounces year-to-date ("YTD"). The Company remains on track to achieve its full year attributable production guidance.
Côté produced 75,000 attributable ounces (106,000 ounces on a 100% basis) in the third quarter and 193,000 attributable ounces YTD (275,000 ounces on a 100% basis).
Westwood produced 23,000 ounces in the third quarter and 76,000 ounces YTD.
Essakane produced attributable production of 92,000 ounces (108,000 ounces on a 100% basis) in the third quarter and 255,000 ounces YTD (289,000 ounces on a 100% basis).
Revenues were $706.7 million from sales of 203,000 ounces at an average realized gold price1 of $3,492 per ounce for the quarter and $1,764.7 million YTD from sales of 559,000 ounces at an average realized gold price of $3,153 per ounce2.
Cost of sales per ounce sold was $1,593 ($1,542 YTD), cash cost1 per ounce sold was $1,588 ($1,537 YTD) and all-in-sustaining cost ("AISC") 1 per ounce sold was $1,956 ($1,969 YTD). The Company expects to achieve the top end of the revised annual attributable cash cost1 guidance of $1,375 to $1,475 per ounce sold and AISC1 guidance of $1,830 to $1,930 per ounce sold.
Net earnings and adjusted net earnings attributable to equity holders1 for the third quarter of $139.4 million ($257.8 million YTD) and $170.9 million ($303.4 million YTD), respectively.
Net earnings and adjusted net earnings per share attributable to equity holders1 for the third quarter of $0.24 ($0.45 YTD) and $0.30 ($0.53 YTD), respectively.
Net cash from operating activities was $280.8 million for the third quarter ($440.9 million YTD). Net cash from operating activities, before movements in working capital and non-current ore stockpiles [1], was $280.6 million for the third quarter ($512.8 million YTD), net of the impact of delivering 75,000 ounces into the gold prepay obligations.
Earnings before interest, income taxes, depreciation and amortization ("EBITDA")1 was $338.4 million for the third quarter ($817.4 million YTD) and adjusted EBITDA1 was $359.5 million ($840.4 million YTD). Twelve month trailing EBITDA more than $1 billion.
Record mine-site free cash flow [1] of $292.3 million during the third quarter ($572.4 million YTD), including record attributable mine-site free cash flow from Côté of $135.6 million during the third quarter.
Full news:
https://ca.finance.yahoo.com/news/iamgold-reports-third-quarter-2025-220000623.html
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