Iamgold Stock Earnings Reports

IAMGOLD reported a strong start to 2026 with attributable production of 183,600 oz in Q1, revenue > $1 billion and mine-site free cash flow of ~$525 million. The company used cash flow to repurchase shares ($260M in Q1; $350M total since program start) and repay $200M of its credit facility, leaving it in a net cash position with ~$505M cash and ~ $1.1B liquidity. Adjusted EBITDA for the quarter was $666M (trailing 12‑month EBITDA ~ $2B) and adjusted EPS was $0.67. Operational highlights: Côté produced 74,700 oz (100% basis) but experienced temporary throughput constraints due to a conveyor belt/conveying circuit issue — a heavier gauge belt and other fixes are planned in May and management expects quarterly throughput and unit costs to improve through 2026 with a targeted plant expansion later this year. Essakane delivered record Q1 production (111,900 oz), generated very strong free cash flow (~$303M in Q1; ~$804M L12M) but is exposed to fuel price moves (estimated ~$20/oz cash cost change per $10/barrel at Essakane). Westwood performed well (strong underground rates, low costs) and continues to generate free cash flow and incremental growth options including an eastern zone; management expects a Westwood technical update in H2 2027. The Nelligan district is being advanced aggressively with >60,000 m planned drilling in 2026 and an initial PEA targeted for H1 2027; management positions Nelligan as a potential long-life, large-scale asset. Company guidance remains 720k–820k oz for 2026, with a production profile weighted to stronger H2 as Côté throughput and grades improve. Key risks called out: royalty sensitivity to elevated gold price (raising cash cost in Q1) and energy/ fuel price volatility (notably impacting Essakane). Management emphasized a capital allocation strategy prioritizing shareholder returns (buybacks), debt reduction and funding of asset studies/expansions.