IAMGOLD Corp (IAG)
NYSE:IAG
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.58Last Year’s EPS
0.13Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasizes materially positive financial and operational momentum: strong free cash flow ($525M mine-site FCF), robust adjusted EBITDA ($666M) and a transition to a net cash position, enabling $350M+ of share repurchases and debt reduction. Operationally, Essakane and Westwood delivered strong cash generation and safety improvements; Cote experienced early, nonrecurring throughput issues but has remedial actions (conveyor replacement, HPGR maintenance) and an upcoming resource update and expansion study that management expects to be highly accretive. Key risks are concentrated around royalty effects at elevated gold prices, energy/fuel cost volatility (notably at Essakane), and some near-term operational costs and inflationary pressures. On balance, positives (cash generation, capital returns, strengthened balance sheet, and multiple near-term growth catalysts) significantly outweigh the operational and cost headwinds discussed.Company Guidance
Strong Production Start and Full-Year Outlook
Q1 attributable production of 183,600 ounces; company remains on track for FY2026 guidance of 720,000–820,000 ounces. Notable asset-level production: Essakane ~111,900 oz (100% basis) and Cote ~74,700 oz (100% basis). Management expects Q2+ improvement at Cote and stronger H2 overall.
Robust Free Cash Flow and EBITDA
Mine-site free cash flow of $524.6M (CEO cited $525M); adjusted EBITDA of $666M in Q1 and trailing 12-month EBITDA of ~ $2.0B. Operating cash flow before working capital changes of $629.5M demonstrates strong conversion of earnings to cash.
Capital Allocation: Share Buybacks and Debt Reduction
Returned $260M to shareholders in Q1 via buybacks and repaid $100M on the credit facility; subsequent purchases of $40M brought total repurchases since program start to ~$350M. Cash increased by $128.3M in the quarter; liquidity ~ $1.1B and cash & equivalents $505.2M. Company moved from >$800M net debt a year ago to a net cash position.
Per-Asset Cost and Cash Flow Performance
Cote Q1 cash costs excluding royalties $1,359/oz and AISC $2,109/oz; Westwood cash costs $1,270/oz and AISC $1,733/oz (well below guidance); Essakane cash costs excluding royalties $1,083/oz and AISC $2,125/oz. Westwood and Essakane generated meaningful mine free cash flow in Q1: Westwood ~$110M and Essakane ~$302.7M, with Essakane generating ~$803.6M over the last 12 months.
Safety and Operational Discipline
Total recordable injury rate improved to 0.44 in Q1; Westwood achieved a full quarter with zero reportable incidents. Management highlights operational stabilization and focus on execution and maintenance improvements.
Growth and Value Catalysts Upcoming
Multiple near-term catalysts: updated mineral resource estimate for Cote this quarter; Cote expansion study (targeting 50k–55k tpd) expected Q4 2026; Nelligan PEA targeted in H1 2027 with >4.3M oz M&I and 7.5M oz inferred resources; Westwood technical update targeted H2 2027. Management expects these studies to materially expand life and production profiles.
Operational Improvements and Mitigations Underway
Cote: second crusher commissioned and improved mill rates (32k tpd in April); new heavier gauge conveyor belt scheduled for replacement in May; HPGR tire/maintenance plans expected to restore equipment life. Company has oil hedges for Cote (roughly Q2–Q3 at ~$80/bbl) to mitigate near-term fuel cost volatility.
Strong Earnings Per Share and Financial Position
Adjusted EPS of $0.67 for Q1. Company completed debt repayment components, including making the full credit facility available and having paid a $400M term loan previously, supporting a strengthened balance sheet.
IAG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IAG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $16.31 | $18.50 | +13.43% |
Feb 17, 2026 | $20.81 | $21.27 | +2.21% |
Nov 04, 2025 | $10.96 | $11.92 | +8.76% |
Aug 07, 2025 | $7.72 | $7.50 | -2.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does IAMGOLD Corp (IAG) report earnings?
IAMGOLD Corp (IAG) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is IAMGOLD Corp (IAG) earnings time?
IAMGOLD Corp (IAG) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is IAG EPS forecast?
IAG EPS forecast for the fiscal quarter 2026 (Q2) is 0.58.