Q4 2025 IAMGOLD Corp Earnings Call Transcript
Key Points
- Iamgold Corp (IAG) reported record revenues of nearly $3 billion in 2025, with a gross margin of over 40% and operating cash flow exceeding $1 billion.
- The company achieved significant milestones, including record quarterly production across all sites and the first full year of production at Côté Gold.
- Iamgold Corp (IAG) successfully closed out a legacy gold prepay obligation and repaid a $400 million high-cost term loan, strengthening its balance sheet.
- The company established a share buyback program, purchasing $50 million in shares in December 2025 and an additional $50 million in early 2026.
- Iamgold Corp (IAG) reported a strong safety record with a total recordable injury rate of 0.60, down from the previous year, and is focused on reducing high potential incidents.
- The company faced upward cost pressures due to record gold prices, leading to higher royalties that accounted for approximately 24% of cash costs in Q4 2025.
- All-in sustaining costs per ounce sold were $1,750 for Q4 and $1,900 for the year, within the guidance range but still relatively high.
- Royalties in Burkina Faso, where Essakane is located, have increased due to a new decree, significantly impacting cash costs.
- Mining and processing unit costs at Côté Gold were above desired levels, partly due to the use of a temporary crusher, which increased costs.
- The company anticipates lower production in the first half of 2026 at Côté Gold due to planned maintenance, impacting overall output.
Thank you for standing by. This is the conference operator. Welcome to the IAMGOLD fourth-quarter 2025 operating and financial results conference call and webcast. As a reminder, all participants are in a listen-only mode. The conference is being recorded. (Operator Instructions)
At this time, I would like to turn the conference call over to Graeme Jennings, Investor Relations for IAMGOLD. Please go ahead, Mr. Jennings.
Thank you, operator, and welcome, everyone, to our conference call this morning. Joining us on the call are Renaud Adams, President and Chief Executive Officer; Maarten Theunissen, Chief Financial Officer; Bruno Lemelin, Chief Operating Officer; Annie Torkia Lagace, Chief Legal and Strategy Officer; and Dorena Quinn, Chief People Officer.
We are calling today from IAMGOLD Toronto office, which is located on Treaty 13 territory on the traditional lands of many nations, including the Mississaugas of the Credit, Anishinaabe, the Chippewa, Haudenosaunee, and the
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
