Iamgold Corporation (IAL)
Summary
IAL Chart
IAMGOLD Expands Cote Gold Resource Base With Updated Estimate
IAG's updated Cote Gold estimate lifts Measured and Indicated resources 12% to 20.3M ounces as it advances an expansion study due in 2026.
IAMGOLD boosts Côté Gold M&I resource ahead of expansion study
IAMGOLD Corp (TSX:IMG, NYSE:IAG) reported a consolidated measured and indicated mineral resource of 20.3 million ounces of gold for its Côté Gold mine in Ontario, an increase of approximately 2.2 million ounces, or 12%, from its December 31, 2025 statement. The updated estimate integrates the Côté and Gosselin zones into a single consolidated block model.
Iamgold: Surging Free Cash Flow With An 8x P/E, Watch $16
IAMGOLD Corporation remains a 'Buy' after a strong Q1, with shares up over 3x since January 2025. IAG posted Q1 EPS of $0.64 (vs. $0.55 consensus) and revenue up 116% to $1.03 billion, driven by high realized gold prices. Valuation is compelling: with $2.50 normalized EPS and an 8x multiple, IAG targets $20/share, while FCF yield exceeds 18%.
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Iamgold Corporation Profile
| Metals & Mining Industry | Materials Sector | Renaud Adams CEO | XSTU Exchange | CA4509131088 ISIN |
| CA Country | 3,700 Employees | 12 Jul 2013 Last Dividend | - Last Split | - IPO Date |
Overview
IAMGOLD Corporation is an intermediate gold producer and developer with a substantial portfolio of operations and projects across Canada and Burkina Faso. The company was incorporated in 1990 and has established a strong footprint in the gold mining industry with a focus on sustainable and responsible mining. Headquartered in Toronto, Canada, IAMGOLD has grown through strategic acquisitions and development projects to enhance its production capabilities and resource base. It operates through various subsidiaries, underscoring its international presence and operational expertise in the gold mining sector.
Products and Services
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Westwood Project
Located in Quebec, Canada, the Westwood Project is a 100% IAMGOLD-owned gold mining operation. Covering an area of 1,925 hectares, this project underscores the company's capability to manage large-scale mining operations. The Westwood Project is a significant contributor to IAMGOLD's gold production portfolio, featuring advanced mining and processing technologies.
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Côté Gold Project
IAMGOLD holds a 60% interest in the Côté Gold Project, a large-scale mining operation situated in Ontario, Canada. Spanning an area of 596 square kilometers, this project exemplifies IAMGOLD's investment in growth through exploration and development. The Côté Gold Project stands as a testament to the company's commitment to expanding its production capacity and resource base in strategic locations.
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Essakane Project
With a 90% ownership interest, the Essakane Project in Burkina Faso is a cornerstone of IAMGOLD's international mining operations. Encompassing an area of 274,000 square kilometers, it is one of the largest gold mines in Burkina Faso and represents a significant portion of the company's production volume. The Essakane Project reflects IAMGOLD's expertise in operating in diverse geographical locations and its commitment to contributing to the communities where it operates.
