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IAMGOLD Corp (TSE:IMG)
TSX:IMG
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.25Last Year’s EPS
0.15Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call highlights significant achievements in production growth and financial strength, notably with the startup of Côté Gold and updates to mineral resources. However, operational challenges at Côté Gold and increased costs at Essakane present notable concerns. The overall sentiment is slightly positive, driven by strong production and financial outcomes, albeit with some operational setbacks.Company Guidance
During the IAMGOLD Corporation's fourth quarter and year-end 2024 conference call, several key metrics and guidance were discussed. The company reported total attributable gold production of 667,000 ounces for 2024, reflecting a 43% increase from the previous year and aligning with their revised guidance of 625,000 to 715,000 ounces. This was supported by the successful startup of Côté Gold and robust performance from Essakane and Westwood. Financially, IAMGOLD strengthened its position, generating approximately $781 million in adjusted EBITDA and ending the year with a total liquidity of around $767 million. The cash cost per ounce sold, excluding Côté, was $1,176 for the year, with an all-in sustaining cost (AISC) of $1,725 per ounce. For 2025, the company forecasts production of 360,000 to 400,000 ounces at Côté Gold, with cash costs expected between $950 to $1,100 per ounce and AISC ranging from $1,350 to $1,550. The company also highlighted an updated mineral resource estimate at its Nelligan project, with a significant increase in ounces, positioning it among Canada's largest gold deposits. IAMGOLD aims to ramp up Côté Gold to a steady state by the fourth quarter of 2025, while continuing to optimize operations and manage costs across its assets.Record Gold Production Increase
IAMGOLD Corporation finished 2024 with total attributable gold production of 667,000 ounces, a 43% increase from the prior year, driven by the successful startup of Côté Gold and operational output from Essakane and Westwood.
Financial Strength and Liquidity
IAMGOLD ended the year with total liquidity of approximately $767 million, including a significant adjusted EBITDA of $781 million, and strengthened its balance sheet with bolstered credit facilities.
Significant Mineral Resource Updates
The Nelligan project saw a significant increase in ounces and grades, positioning it among the top largest gold deposits in Canada, with indications of continued growth.
Safety Improvement
The total recordable injury frequency rate improved to 0.63, showcasing efforts in health and safety.
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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 |
|---|---|---|---|
| Feb 20, 2025 | C$8.96 | C$8.16 | -8.93% |
| 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% |
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 May 08, 2025, TBA Not Confirmed.
What is IAMGOLD Corp (TSE:IMG) earnings time?
IAMGOLD Corp (TSE:IMG) earnings time is at May 08, 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 2025 (Q1) is 0.25.
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