Highlights 

  • Attributable gold production totaled 190,000 oz, keeping the company on track for full-year guidance. 
  • The company delivered a record quarterly output of 106,000 oz; trailing EBITDA surpassed 1B. 
  • The company announces a share repurchase program of up to 10% of outstanding shares following debt repayment. 

IAMGOLD Corporation (TSX:IMG) reported attributable gold production of 190,000 oz in the third quarter of 2025, bringing total year-to-date production to 524,000 oz. The company maintained its full-year production guidance. 

Quarterly revenue stood at 706.7M from sales of 203,000 oz at an average realized gold price of 3,492/oz. For the YTD period, revenue reached 1,764.7M from 559,000 oz sold at an average realized price of 3,153/oz. 

The cost of sales per oz was 1,593, and the all-in sustaining cost averaged 1,956. IAMGOLD indicated that full-year costs are expected to close near the upper range of its revised guidance. 

Net earnings attributable to shareholders were 139.4M for Q3 (257.8M YTD), while adjusted net earnings totaled 170.9M (303.4M YTD). EBITDA amounted to 338.4M for the quarter and 817.4M YTD, trailing twelve-month EBITDA exceeding 1B. 

Operating cash flow reached 280.8M, and mine-site free cash flow achieved a record of 292.3M, including 135.6M from the Côté Gold operation. As of September 30, total liquidity was 707.2M, comprising 314.3M in cash and 391.9M in available credit. Net debt declined to 813.2M. 

Corporate Developments 

IAMGOLD repaid 100M of its second lien notes during Q3 and an additional 170M after quarter-end, bringing the remaining balance to 130M. The company also repatriated 154M from the Essakane operation as part of its dividend distribution structure. 

The board of directors approved a share buyback program to repurchase up to 10% of outstanding common shares. The program will be funded through operational cash flows after debt reduction milestones are achieved. 

In October 2025, S&P upgraded IAMGOLD’s issuer credit rating to BB- with a stable outlook. 

Exploration and Growth Initiatives 

IAMGOLD announced agreements to acquire Northern Superior Resources and Mines d’Or Orbec in transactions valued at approximately 267.4M and 12.6M, respectively. The acquisitions aim to consolidate assets in the Chibougamau region into the planned Nelligan Mining Complex, spanning 134,000 hectares. Combined resources include 3.75Moz of measured and indicated gold and 8.65Moz inferred. 

For 2025, exploration spending is estimated at 38M, focusing on Côté Gold and Nelligan. Capital expenditures are expected to reach about 335M, primarily sustaining capital. 

Management Commentary 

“The third quarter of 2025 marks a pivotal moment for IAMGOLD as we continue to deliver on our commitment to operational excellence, financial discipline and responsible growth,” said Renaud Adams, President and Chief Executive Officer. “Our flagship Côté Gold Mine produced a record 106,000 ounces in the quarter, marking the second consecutive quarter averaging over 30,000 ounces per month.”