Record Production Ramp-up at Cote Gold
Cote Gold achieved a monthly throughput of 1 million tonnes processed, operating at 90% of nameplate capacity. The plant is on target to achieve full nameplate production of 36,000 tonnes per day by the end of the year.
Increased Attributable Production
IAMGOLD reported an attributable production of 161,000 ounces for the first quarter, a 7% year-over-year increase, mainly due to the addition of Cote Gold.
Strong Financial Position
IAMGOLD ended the quarter with $316.6 million in cash and cash equivalents and a liquidity of approximately $745.8 million.
Progress in Debt Reduction
IAMGOLD made significant progress in reducing debt, delivering 37,500 ounces into gold prepay arrangements, with the remaining 25,000 ounces to be delivered by mid-year.
Positive Free Cash Flow
Mine site free cash flow increased to $140 million in Q1 2025, compared to $46 million in the same period of the prior year.
Potential Expansion at Cote
Plans to conduct a 45,000-meter drill program focusing on resource conversion at Gosselin, potentially leading to a 'super pit' combining Cote and Gosselin zones.