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IAMGOLD Corp (TSE:IMG)
TSX:IMG
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IAMGOLD (IMG) AI Stock Analysis

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TSE:IMG

IAMGOLD

(TSX:IMG)

Rating:73Outperform
Price Target:
C$12.50
▼(-2.27% Downside)
IAMGOLD's overall score reflects strong technical momentum and a favorable valuation, supported by robust profitability and a stable balance sheet. However, liquidity concerns and increased operational costs pose risks. The company's strategic initiatives and production ramp-up at Côté Gold are key drivers of its positive outlook.
Positive Factors
Financial Stability
IAMGOLD Corp plans to restructure its high-cost debt into a lower-cost facility, which will enhance financial stability.
Margin Expansion
The Côté asset is expected to drive margin expansion for IAMGOLD Corp by bringing high-volume, lower-cost ounces into production.
Stock Valuation
The stock is currently trading at a discount to its intermediate peer group, suggesting potential for price appreciation.
Negative Factors
Operational Challenges
The ramp-up of Côté Gold faced challenges, notably with the crushing and grinding circuits, leading to unscheduled downtimes.

IAMGOLD (IMG) vs. iShares MSCI Canada ETF (EWC)

IAMGOLD Business Overview & Revenue Model

Company DescriptionIAMGOLD Corporation is a mid-tier gold mining company based in Canada, engaged in the acquisition, exploration, development, and production of gold properties in North America, South America, and West Africa. The company operates several mines and has a strong portfolio of projects at various stages of development, focusing on sustainable and responsible mining practices. IAMGOLD's core products include gold bullion and gold concentrate, which are sold to refiners and other industrial customers.
How the Company Makes MoneyIAMGOLD generates revenue primarily through the sale of gold produced at its mining operations. The company's revenue model is driven by its production volume and the prevailing gold market price, which can fluctuate based on global supply and demand dynamics. Key revenue streams include gold sales, which account for the majority of the company's income, as well as by-product sales from operations that produce other minerals. IAMGOLD also benefits from strategic partnerships and joint ventures that allow for shared resources and reduced operational costs, enhancing its profitability. The company actively manages its operational efficiency, cost control measures, and hedging strategies to mitigate risks associated with gold price volatility, thereby contributing to stable earnings.

IAMGOLD Earnings Call Summary

Earnings Call Date:Aug 07, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Nov 06, 2025
Earnings Call Sentiment Neutral
The earnings call reflected positive developments with the successful ramp-up of Côté Gold and increased production guidance, alongside a strong financial position. However, increased operational costs and challenges at Essakane and Westwood contributed to a cautious outlook.
Q2-2025 Updates
Positive Updates
Successful Ramp-up of Côté Gold
Côté Gold mine achieved nameplate throughput of 36,000 tonnes per day ahead of schedule, producing 96,000 ounces in the quarter. The mine's performance included a positive reconciliation of 7% to both reserve tonnes and grade.
Increased Gold Production Guidance
IAMGOLD is on track to achieve its production guidance target of 735,000 to 820,000 ounces of gold for the year, with expected stronger production in the second half due to improvements at Côté, Essakane, and Westwood.
Record Average Realized Gold Price
The average realized gold price for the quarter was $3,182 per ounce, contributing to record revenues of $580.9 million.
Completion of Gold Prepayment Arrangement
IAMGOLD concluded its gold prepayment arrangement, delivering 75,000 ounces this year, which translates to approximately $200 million of value.
Strong Financial Position
The company ended the quarter with liquidity of approximately $616.5 million, including $223.8 million in cash and cash equivalents.
Significant Dividend Declaration at Essakane
Essakane declared a significant dividend of approximately $855 million for the undistributed profits up to 2024, improving cash flow repatriation.
Negative Updates
Increased Cost Guidance
IAMGOLD revised its cost guidance upwards, with cash costs expected between $1,375 to $1,475 per ounce and all-in sustaining costs of $1,830 to $1,930 per ounce due to higher royalties and operational costs.
Higher Costs at Essakane
Essakane reported higher cash costs of $1,855 per ounce and all-in sustaining costs of $2,224 per ounce, impacted by increased royalties, currency fluctuations, and maintenance costs.
Operational Challenges at Essakane
Essakane faced challenges with lower grade material from the upper benches of Phase 7, impacting production.
Continued High Costs at Westwood
Westwood reported cash costs of $1,562 per ounce and all-in sustaining costs of $2,140 per ounce, with revised higher cost guidance for the year.
Company Guidance
During the IAMGOLD second quarter 2025 conference call, the company provided guidance on several key metrics. IAMGOLD is on track to achieve its production guidance target of 735,000 to 820,000 ounces of gold for the year, with the expectation of stronger production in the second half. However, the company revised its consolidated all-in sustaining cost (AISC) guidance upwards to $1,830-$1,930 per ounce due to factors such as higher royalties and operational costs, including those associated with the ramp-up of the Côté Gold Project. The project itself is performing well with the successful ramp-up of Côté Gold, achieving a throughput rate in line with plans and gold recovery on target. Financially, IAMGOLD concluded its gold prepayment arrangement, delivering 75,000 ounces in an environment where gold prices are high, thus freeing future production to benefit fully from market prices. The company aims to leverage its robust cash generation capabilities, with $223.8 million in cash and cash equivalents and net debt of $1 billion, to responsibly delever its balance sheet while considering the potential for returning value to shareholders in the future.

IAMGOLD Financial Statement Overview

Summary
IAMGOLD shows strong profitability and a stable balance sheet, with a robust gross profit margin and positive revenue growth. However, challenges in cash flow management, particularly negative free cash flow growth, highlight liquidity concerns. Monitoring debt levels and improving cash flow metrics are crucial for sustaining growth.
Income Statement
75
Positive
IAMGOLD's income statement shows a strong performance with a significant improvement in profitability metrics. The TTM Gross Profit Margin is robust at 32.72%, and the Net Profit Margin is impressive at 45.27%, indicating efficient cost management and profitability. Revenue growth is positive at 11.04% TTM, reflecting a healthy upward trend. However, the company experienced a decline in net income from the previous year, which slightly tempers the overall positive outlook.
Balance Sheet
70
Positive
The balance sheet of IAMGOLD is stable with a manageable Debt-to-Equity Ratio of 0.34 TTM, indicating a balanced approach to leveraging. The Return on Equity is strong at 25.48% TTM, showcasing effective use of equity to generate profits. The Equity Ratio stands at 64.47%, reflecting a solid equity base. However, the company should monitor its debt levels to maintain financial flexibility.
Cash Flow
60
Neutral
IAMGOLD's cash flow statement reveals challenges, particularly with negative Free Cash Flow Growth of -55.19% TTM, indicating potential liquidity concerns. The Operating Cash Flow to Net Income Ratio is healthy at 0.93 TTM, suggesting good cash generation relative to net income. However, the negative Free Cash Flow to Net Income Ratio of -0.09 TTM highlights the need for improved cash flow management.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue1.97B1.63B987.10M958.80M1.15B1.24B
Gross Profit633.50M549.90M124.10M147.90M2.70M250.30M
EBITDA1.39B1.25B315.40M273.60M219.00M375.90M
Net Income798.70M819.60M94.30M-36.40M-255.10M42.60M
Balance Sheet
Total Assets5.33B5.37B4.54B4.43B3.97B4.15B
Cash, Cash Equivalents and Short-Term Investments224.80M348.50M367.10M407.80M552.50M947.50M
Total Debt1.19B1.15B952.10M992.50M530.00M533.40M
Total Liabilities1.89B1.97B2.27B2.22B1.65B1.61B
Stockholders Equity3.43B3.34B2.21B2.13B2.24B2.46B
Cash Flow
Free Cash Flow-46.60M-151.40M-817.30M-371.80M-370.20M30.40M
Operating Cash Flow408.90M486.00M159.40M408.70M285.00M347.60M
Investing Cash Flow-363.60M-582.40M-402.30M-891.90M-630.70M-246.20M
Financing Cash Flow-349.60M83.30M201.70M404.00M-41.20M800.00K

IAMGOLD Technical Analysis

Technical Analysis Sentiment
Positive
Last Price12.79
Price Trends
50DMA
10.41
Positive
100DMA
10.08
Positive
200DMA
9.14
Positive
Market Momentum
MACD
0.68
Negative
RSI
73.05
Negative
STOCH
91.66
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IMG, the sentiment is Positive. The current price of 12.79 is above the 20-day moving average (MA) of 11.33, above the 50-day MA of 10.41, and above the 200-day MA of 9.14, indicating a bullish trend. The MACD of 0.68 indicates Negative momentum. The RSI at 73.05 is Negative, neither overbought nor oversold. The STOCH value of 91.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:IMG.

IAMGOLD Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
$7.36B6.6026.28%63.67%466.20%
61
Neutral
$10.24B6.180.71%2.90%3.45%-36.02%
$5.03B12.3610.82%
$5.46B-12.34%2.81%
57
Neutral
C$4.94B154.694.89%123.03%
$6.04B76.666.27%0.60%
$4.84B77.5812.71%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:IMG
IAMGOLD
12.98
6.41
97.56%
EGO
Eldorado Gold
25.43
9.08
55.54%
BTG
B2Gold
4.27
1.70
66.15%
TSE:OLA
Orla Mining
15.66
10.30
192.16%
OR
Osisko Gold Royalties
32.50
15.95
96.37%
ARGTF
Artemis Gold
21.80
12.87
144.12%

IAMGOLD Corporate Events

Business Operations and StrategyFinancial Disclosures
IAMGOLD Reports Strong Q2 2025 Results Amid Cost Challenges
Neutral
Aug 7, 2025

IAMGOLD reported its second quarter 2025 results, highlighting a production of 334,000 ounces of gold year-to-date and $481 million in adjusted EBITDA. The company successfully ramped up its Côté Gold mine to full capacity, expecting improved performance in the second half of the year. However, due to market conditions and increased costs, IAMGOLD revised its cost guidance upwards, with cash costs now expected between $1,375 and $1,475 per ounce. The company aims to maintain operational efficiencies and long-term value creation despite these challenges, positioning itself as a leading mid-tier gold producer.

The most recent analyst rating on (TSE:IMG) stock is a Hold with a C$9.00 price target. To see the full list of analyst forecasts on IAMGOLD stock, see the TSE:IMG Stock Forecast page.

Product-Related AnnouncementsBusiness Operations and Strategy
IAMGOLD’s Côté Gold Mine Achieves Nameplate Throughput Milestone
Positive
Jun 23, 2025

IAMGOLD announced that its Côté Gold Mine has achieved a significant milestone by operating at its nameplate capacity of 36,000 tonnes per day for thirty consecutive days. This accomplishment, reached within 15 months of first gold production, underscores the company’s operational excellence and positions Côté Gold as a major contributor to IAMGOLD’s production targets. The installation of a second cone crusher is expected to further enhance plant efficiency and throughput, potentially lowering costs and increasing production, which could positively impact stakeholders and the company’s market position.

The most recent analyst rating on (TSE:IMG) stock is a Hold with a C$6.00 price target. To see the full list of analyst forecasts on IAMGOLD stock, see the TSE:IMG Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 20, 2025