IAMGOLD Corp ( (IAG) ) has released its Q1 earnings. Here is a breakdown of the information IAMGOLD Corp presented to its investors.
IAMGOLD Corporation, a Canadian-based intermediate gold producer, operates three mines: Côté Gold, Westwood, and Essakane, with a focus on responsible mining and ESG practices. In the first quarter of 2025, IAMGOLD reported attributable gold production of 161,000 ounces and revenues of $477.1 million, with a net earnings per share of $0.07. The company achieved significant production at its Côté Gold mine, which is ramping up to full capacity, and reported strong financial liquidity with $745.8 million available. IAMGOLD’s strategic focus includes increasing production at its mines, managing costs, and enhancing operational efficiencies. Looking ahead, IAMGOLD anticipates higher production levels throughout 2025 as Côté Gold reaches full capacity and improvements are made at Essakane and Westwood, with a continued emphasis on cost management and sustainable practices.