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IAMGOLD Corp (TSE:IMG)
TSX:IMG
Holding TSE:IMG?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.2Last Year’s EPS
0.08Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 6.09%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with significant achievements in production and cash flow generation, particularly at Cote Gold. Financial strength is evident with strong liquidity and EBITDA performance. However, challenges such as increased costs and inflationary pressures were noted.Company Guidance
In the third quarter of 2024, IAMGOLD reported a robust performance with gold production totaling 490,000 ounces year-to-date. The company achieved significant milestones, particularly at the Cote Gold mine, which reached commercial production on August 2 and produced its first quarter of positive free cash flow. IAMGOLD's production guidance for the year remains strong, with Essakane and Westwood mines poised to achieve the upper end of their production guidance ranges. The company maintained its cost guidance, with cash costs expected to be at the low end of the $1,175 to $1,275 per ounce range. Financially, IAMGOLD ended the quarter with $553.4 million in cash and cash equivalents, contributing to total liquidity of approximately $959.3 million. The company reported revenues of $438.9 million from sales of 184,000 ounces at an average realized gold price of $2,391 per ounce, resulting in an adjusted EBITDA of $221.7 million. IAMGOLD anticipates continued cash flow generation, positioning itself as a leading mid-tier gold producer, and plans to reduce its debt levels by utilizing cash flow to address its gold prepayment facility and other debt obligations.Record Gold Production and Performance
IAMGOLD produced 173,000 attributable gold ounces in Q3, significantly up from 109,000 ounces in the same period last year. Year-to-date production is 490,000 ounces, with strong performances from Essakane and Westwood.
Cote Gold Achievements
Cote Gold reached commercial production on August 2nd, achieved its first quarter of positive free cash flow, and is on track to achieve 90% nameplate throughput by year-end.
Financial Strength and Liquidity
IAMGOLD ended the quarter with $553.4 million in cash and $959.3 million in total liquidity. The repurchase of 9.7% interest in Cote Gold is set to close soon, restoring IAMGOLD's full 70% ownership.
Strong Adjusted EBITDA
Q3 adjusted EBITDA was $221.7 million, a record quarter, bringing the year-to-date total to $565.2 million, driven by strong production and high gold prices.
Improved Health and Safety Metrics
Total recordable injury frequency rate improved to 0.46, with Essakane achieving triple zero for safety incidents in September.
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TSE:IMG 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
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TSE:IMG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | C$7.39 | C$7.89 | +6.77% |
| Aug 08, 2024 | C$5.08 | C$5.86 | +15.35% |
| May 09, 2024 | C$5.27 | C$5.87 | +11.39% |
| Feb 15, 2024 | C$3.44 | C$3.45 | +0.29% |
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.
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FAQ
When does IAMGOLD Corp (TSE:IMG) report earnings?
IAMGOLD Corp (TSE:IMG) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is IAMGOLD Corp (TSE:IMG) earnings time?
IAMGOLD Corp (TSE:IMG) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:IMG EPS forecast?
TSE:IMG EPS forecast for the fiscal quarter 2024 (Q4) is 0.2.
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