Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
The latest update is out from IAMGOLD ( (TSE:IMG) ).
IAMGOLD Corporation reported significant financial results for the year ended December 31, 2024. The company achieved a record revenue of $1,633.0 million from the sale of gold, with production figures hitting the mid-point of expected guidance. The Côté Gold mine, in its first year of operation, contributed notably to production levels, although slightly below guidance. Westwood and Essakane mines exceeded their production targets. The company reported net earnings adjusted for prior impairments and maintained a strong liquidity position with available resources of $767.0 million. Health and safety measures showed improvement with a declining injury rate. These results indicate a strong operational performance and robust financial health, positively impacting stakeholders and strengthening IAMGOLD’s position in the industry.
More about IAMGOLD
IAMGOLD Corporation is a Canada-based intermediate gold producer with operations across three mines: Côté Gold and Westwood in Canada, and Essakane in Burkina Faso. The company is focused on gold production and development, maintaining a strong commitment to environmental, social, and governance practices. IAMGOLD is publicly traded on the NYSE and TSX.
YTD Price Performance: 11.47%
Average Trading Volume: 9,458,887
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.63B
See more data about IMG stock on TipRanks’ Stock Analysis page.
