IAMGOLD Corp.

IMG · TSX IAG · NYSE

iamgold

$8.2B

USD

Market cap · 2026–07 · week 29

🇨🇦 Canada, Toronto

Country

Precious Metals

Sector

Producer · Mid-Tier · Gold · Africa · Canada

Last updated 21 June 2026

Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.

Overview: IAMGOLD Corporation is an intermediate gold producer and developer headquartered in Toronto, Canada, with operating mines in North America and West Africa. The portfolio consists of 3 operating mines, complemented by the large-scale Nelligan Mining Complex and a pipeline of early-stage and advanced exploration projects. Key assets include the Cote Gold Mine in Ontario, the Westwood Complex in Quebec, and the Essakane Mine in Burkina Faso. The business model focuses on operating its existing mines while advancing its exploration portfolio, including the Nelligan Mining Complex in Quebec. Processing capabilities span conventional milling and carbon-in-leach circuits across its operating base producing gold dore. A defining competitive characteristic is the recently ramped Cote Gold mine, which anchors the company's long-life production base. The combination of producing mines and a deep development and exploration pipeline supports a growth-oriented production profile. This combination underpins a returns-focused model. The business remains subject to mineral price cycles and geopolitical risks, particularly security concerns in Burkina Faso and the broader West African region, which require proactive measures to ensure the safety of personnel and operational continuity.

Strategy: Strategic focus centers on sustainable operations at nameplate capacity at Cote Gold ahead of a planned technical report outlining expansion plans expected in the fourth quarter of 2026. The enterprise intends to allocate free cash flow generated from operations to repay debt, fund its share-buyback program, and advance high-return growth opportunities. A core objective is the continual addition to its mineral base through exploration and development, particularly at the Nelligan Mining Complex, where the company aims to test Philibert thoroughly, expand Nelligan, and continue testing Monster Lake at depth in support of a conceptual preliminary economic assessment in 2027. Capital allocation is prioritized to improve operating efficiency and cost structure at Cote Gold while systematically investing in expansion to de-risk the larger build, including a strategic pit pushback and the acceleration of certain expansion-related plant-construction activities. This combination of operational stabilization, debt reduction, and exploration-led growth underpins the company's strategy. The Cote Gold ramp-up and the Nelligan complex are central to the company's long-term production profile. The disciplined allocation of free cash flow toward debt reduction and buybacks anchors the company's capital plan.

Management: Executive leadership is headed by President and Chief Executive Officer Renaud Adams. The Board is chaired by David Smith. The Board oversees corporate strategy through 5 committees: Audit and Finance, Human Resources and Compensation, Nominating and Corporate Governance, Sustainability, and Technical. Governance practices include diversity and renewal guidelines requiring the Board to comprise at least two women directors or 30% women directors, limiting average Board tenure to ten years, and preventing any director from serving as chair of the Board or any committee for more than ten consecutive years. Women represent 44% of all directors and 50% of independent directors, and the executive leadership team has 40% women representation. The leadership team's mine-building and operating experience supports the company's strategy of stabilizing Cote Gold while advancing Nelligan. Board oversight of technical and sustainability matters reflects the operational and environmental dimensions of the company's mining operations. This governance structure keeps capital discipline and board renewal central to executive accountability. The board-renewal and diversity guidelines reflect the company's emphasis on governance quality.

Sustainability: The organization's sustainability framework is guided by policies covering human rights, anti-bribery, anti-corruption, local sourcing, sustainable development, and health and safety. The company participates in the Mining Association of Canada's Towards Sustainable Mining initiative at its Westwood and Essakane operations, achieving an A level or higher for all indicators within all protocols in 2024. A key environmental initiative involves advancing a catchment-based Water Framework at sites through the development of roadmaps and water-performance scorecards. The company initiated work on site-specific regional biodiversity strategies and a value-of-carbon approach for incorporating carbon considerations into decision-making. Social programs include partnering with Project CURE to deliver medical supplies to health centres in Burkina Faso, and the company launched a company-wide initiative to define a five-year plan in support of reconciliation with Indigenous peoples. The organization publishes an annual Sustainability Report aligned with the Global Reporting Initiative and the Sustainability Accounting Standards Board, as well as a Scope 3 Emissions Report. These initiatives connect the company's water and biodiversity work with measurable community and reconciliation outcomes. The Towards Sustainable Mining performance reflects the company's emphasis on responsible operating standards.

Structure: A significant structural change occurred in November 2024 when the company exercised its right to repurchase a 9.7% transferred interest in the Cote Gold unincorporated joint venture from Sumitomo Metal Mining Co., Ltd., returning the company to its full 70% interest in the mine. In December 2025, the enterprise consolidated the Nelligan Mining Complex by acquiring all issued and outstanding shares of Northern Superior Resources Inc. and Mines d'Or Orbec Inc. by way of a plan of arrangement. Effective June 2025, the government of Burkina Faso increased its ownership interest in the Essakane mine from 10% to 15% in accordance with the amended Burkina Faso Mining Code, decreasing the company's interest to 85%. In February 2024, the company acquired all outstanding common shares of EURO Ressources S.A. that it did not already own through a squeeze-out under French law. Material operational subsidiaries include IAMGOLD Essakane S.A. These arrangements consolidated the company's flagship growth complex while adjusting ownership at Cote and Essakane. The Northern Superior acquisition unified ownership of the Nelligan exploration district. The Sumitomo repurchase restored the company's majority interest in its anchor mine.

Hedge: The company uses derivative financial instruments to hedge its exposure to exchange-rate fluctuations and commodity prices while retaining substantial leverage to the gold price. The treasury policy designates option and forward contracts as cash-flow hedges for highly probable forecasted Canadian-dollar and Euro expenditure requirements, as well as option contracts for the crude-oil component of forecasted low-sulfur diesel and fuel-oil purchases. As of December 31, 2025, foreign-currency hedges include CAD$276 million in forward and option contracts at a rate range of 1.35-1.50 USD/CAD, a 19% hedge ratio, and EUR 85 million in contracts at a rate range of 1.15-1.22 EUR/USD, a 21% hedge ratio. Energy hedges include 24,000 barrels of Brent oil at $60-68.50 per barrel and 16,000 barrels of WTI oil at $55-70 per barrel. The company also holds 200,000 ounces of gold put options at a strike price of $3,100 per ounce to ensure the timely payment of planned earnings distributions from the Essakane mine. This input-cost and downside-protection approach manages the company's currency and energy exposures while preserving upside participation in gold prices.

Source: IAMGOLD Corporation - Annual Report - 2025

Operating · 3 projects

Côté Gold

Asset · Operating · Ownership 70%

Canada, Ontario

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Mining

Type

Operating

Status

🇨🇦 Canada, Ontario

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 70

Operator: Yes

Extraction: Open Pit

Description

As at 31 December 2025

Open-pit gold mine located 125 km southwest of Timmins and 175 km north of Sudbury, Ontario. The operation achieved nameplate plant throughput of 36,000 tpd in June 2025. An additional secondary cone crusher was commissioned in December 2025 to increase overall crushing capacity and optimize particle size. A strategic pit pushback is planned for 2026 to provide operational flexibility and optionality for a contemplated expansion. An updated technical report considering a larger scale mine plan targeting both the Côté and Gosselin zones is expected by the end of 2026.

Mining metrics

As at 31 December 2025

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Exploration · 7 projects

Gosselin

Asset · Exploration · Ownership 70%

Canada, Ontario

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Mining

Type

Exploration

Status

🇨🇦 Canada, Ontario

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 70

Operator: Yes

Extraction: -

Description

As at 31 December 2025

Exploration zone located immediately northeast of the Côté zone. A 53,750-metre diamond drilling program was completed in 2025 aimed at increasing confidence in the existing resource and converting Inferred Resources to the Indicated category. Results will inform an updated technical report considering a larger scale Côté Gold Mine with a conceptual mine plan targeting both zones.

Mining metrics

As at 31 December 2025 · exclusive

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Reserves & resources — detail

As at 31 December 2025

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Nelligan

Asset · Exploration

Canada, Quebec

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Mining

Type

Exploration

Status

🇨🇦 Canada, Quebec

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: -

Description

As at 31 December 2025

Advanced exploration project located approximately 45 km south of the Chapais Chibougamau area in Quebec. Part of the Nelligan Mining Complex. A 16,700-metre diamond drilling program was completed in 2025, confirming the extension of mineralized zones.

Mining metrics

As at 31 December 2025 · exclusive

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Reserves & resources — detail

As at 31 December 2025

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Diakha-Siribaya

Asset · Exploration · Ownership 90%

Mali, Kayes

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Mining

Type

Exploration

Status

🇲🇱 Mali, Kayes

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 90

Operator: Yes

Extraction: -

Description

As at 31 December 2025

Exploration project in Mali. The definitive agreement to sell the project to Managem S.A. expired on December 31, 2024, and was not extended. The company is pursuing alternative options for the sale of this asset.

Mining metrics

As at 31 December 2025 · exclusive

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Reserves & resources — detail

As at 31 December 2025

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Chevrier

Asset · Exploration

Canada, Quebec

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Mining

Type

Exploration

Status

🇨🇦 Canada, Quebec

Country

Project information

As at 23 September 2022

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: -

Description

As at 23 September 2022

Exploration project acquired through the Northern Superior transaction in December 2025. Part of the Nelligan Mining Complex.

Mining metrics

As at 23 September 2022 · exclusive

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Reserves & resources — detail

As at 23 September 2022

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Monster Lake

Asset · Exploration

Canada, Quebec

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Mining

Type

Exploration

Status

🇨🇦 Canada, Quebec

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 100

Operator: Yes

Extraction: -

Description

As at 31 December 2025

Exploration project located approximately 15 km north of Nelligan in the Chapais Chibougamau area in Quebec. Part of the Nelligan Mining Complex. A 17,600-metre diamond drilling program was completed in 2025, testing exploration targets along the main Monster Lake Shear Zone structural corridor.

Mining metrics

As at 31 December 2025 · exclusive

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Reserves & resources — detail

As at 31 December 2025

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Gossey

Asset · Exploration · Ownership 85%

Burkina Faso, Sahel

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Mining

Type

Exploration

Status

🇧🇫 Burkina Faso, Sahel

Country

Project information

As at 31 December 2025

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 85

Operator: Yes

Extraction: -

Description

As at 31 December 2025

Exploration project located near the Essakane mine.

Mining metrics

As at 31 December 2025 · exclusive

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Reserves & resources — detail

As at 31 December 2025

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Philibert

Asset · Exploration · Ownership 75%

Canada, Quebec

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Mining

Type

Exploration

Status

🇨🇦 Canada, Quebec

Country

Project information

As at 22 September 2023

Aggregation level: Asset

Report standard: Ni 43 101

Ownership %: 75

Operator: Yes

Extraction: -

Description

As at 22 September 2023

Exploration project acquired through the Northern Superior transaction in December 2025. Part of the Nelligan Mining Complex. Subsequent to year-end, the company exercised an option to acquire the remaining 25% interest from SOQUEM.

Mining metrics

As at 22 September 2023 · exclusive

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Reserves & resources — detail

As at 22 September 2023

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Assumptions

The projects listed here reflect the information captured in this workspace and are not necessarily a complete picture of the company's portfolio. For authoritative figures, refer to the company's official filings.

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How to read this tab

The tables below list unit codes most often used in the Precious Metals sector for this company. MetalPilot stores contained metal or product in the codes below; grade and tonnage use separate fields. In side-by-side comparison views (stock page Portfolio tab, watchlist By sector), heterogeneous source units are converted to each commodity's preferred display unit (for example Moz Au, kt Cu, MMbbl oil) before summing; the same canonical codes appear in project data.

What the Portfolio tab shows

The Portfolio tab presents a project-level view of the company's reported assets, built from publicly disclosed information (technical reports, annual filings, MD&A, investor presentations, MRMR / R&R statements, NI 43-101 / NI 51-101 / SEC S-K 1300 / SEC S-K 1200 / JORC / SAMREC / PERC / PRMS / COGEH filings, and similar primary sources).
Figures are grouped by project type (mining, oil & gas, royalty, stream, processing facility, development, portfolio aggregate) and are shown alongside the headline reserve base, headline production, headline grade / quality, cost benchmarks, estimated lifetime, commercial terms (for royalties / streams), operational capacity (for processing) and a single-figure rating where the underlying data supports one.
Each data table on the Portfolio tab is followed by ONE Assumptions footnote describing the modelling choices for that table; KPI stat-card assumptions appear in the bottom block instead. All legal and section disclaimers are merged into a single disclaimer list at the bottom of the Portfolio tab.

Concepts in your sector — Precious metals

Resources vs Reserves. Resources are geological estimates that could one day be mined; Reserves are the subset with a feasibility study and plausible positive economics. Measured → Indicated → Inferred describe increasing geological uncertainty; Proven → Probable are reserve labels from Measured/Indicated. Inferred resources are not convertible to reserves under most codes.
Grade (g/t) is the headline number on gold/silver pages. High-grade is often above 5 g/t; >10 g/t is bonanza territory; below 1 g/t is bulk low-grade. Open-pit cut-offs are typically lower than underground.
AISC (All-In Sustaining Cost) is direct cash costs + sustaining capex + royalties + corporate overhead + reclamation, per ounce produced. C1 strips sustaining capex and corporate overhead. Both are non-GAAP and defined differently across issuers.
By-product credits. Polymetallic deposits credit by-product value against the main metal cost; negative AISC after credits does not mean the main metal is sold below cash cost.

Portfolio tab — table guide

Portfolio KPIs — company-level headline numbers aggregated from the featured projects (project counts, attributable annual production by commodity, attributable resource base by commodity, last filing date, operator share). USD value lines multiply attributable volumes by the resolved snapshot price.
Portfolio snapshot — one-screen summary of the portfolio: counts by type and status, country mix, reporting standards used, operator share, primary commodity, attributable annual production summary and attributable resource base summary.
Mining — one row per mining project, with columns for project name, location, status, primary commodities, production (with rating), reserves & resources (with rating), grade (with rating), costs and estimated lifetime. Multi-commodity projects emit one summary row per commodity.
Royalty — one row per royalty interest held by the company. Columns cover the underlying project, operator, commodity, commercial terms (rate, type, cap, area-of-interest), attributable production, attributable reserves and estimated lifetime.
Stream — one row per metal stream held by the company. Each row shows the underlying project, the streamed commodity, the headline stream percentage, the ongoing per-ounce / per-tonne payment, and attributable production / reserves.
Processing facilities — one row per midstream / processing facility (pipeline, fractionator, LNG train, storage cavern, refinery, smelter, mill, heap-leach pad, CPP, etc.). Columns include nameplate capacity, contracted capacity, feedstock commodities and operational footprint.
Development — projects in development status or in a pre-production lifecycle phase. The production column is re-labelled 'Targeted production (rating)' to highlight that the figures are plans, not actuals.
Portfolio Aggregate — a single company-level row used when the company itself publishes a portfolio rollup (e.g. company-wide 2P barrels across all properties).
Reserves & resources — detail — a leaf-category pivot showing every reserve and resource category disclosed across the projects.
NPV (grouped) — all NPV rows captured from the filings, grouped by commodity, resource category, development status and pricing case. Each NPV figure is shown with its discount rate, basis (before-tax / after-tax), currency and value scale.

Ownership / Working interest

Ownership percentage means the company's working-interest share of the asset: its slice of the project before royalties and before government take. It is shown on a 0–100 scale.
Mines, oil and gas fields, and processing facilities — this is how much of the asset belongs to the company under that working-interest idea. One hundred percent is fully owned; a lower number usually means partners share the rest.
Royalties and streaming agreements — the percentage is often not the story; what matters economically is usually the royalty or stream rate, shown elsewhere alongside these figures.
Oil and gas — read this as gross working interest only. Do not treat it as net production or net wells after royalties; when filings distinguish gross from net, that shows up in how the resource numbers themselves are labelled.
Below 100% — the short summary for each project names other owners and their stakes when the source says who they are.
NRI vs WI (O&G). Working interest (WI) is the obligation to pay a share of costs; net revenue interest (NRI) is the share of revenue after royalties and overriding-royalty interests. A 100% WI well rarely produces 100% NRI; typical onshore U.S. NRI is 75–87.5% of WI depending on the lease royalty.
Operator vs non-operator. The operator runs day-to-day operations; non-operating partners pay their WI share of costs but do not run the asset. Some Portfolio rows show operator share where disclosed.

Units, conversions & reporting standards

Unit codes, conversion cheat sheets, cost benchmarks (AISC, C1–C3), reporting standards (NI 43-101, JORC, SEC S-K 1300) and resource/reserve category definitions live in the full terminology & units reference.

Each table lists the numeric band for scores 1–5 (production and resource base; grade where applicable for mining commodities) using the same thresholds as project rating stat cards. Only commodities that appear on featured projects for this document are listed.

Gold

Score

Production

Resource base

Grade

1 / 5

0–50 koz Au

0–1 Moz Au

0–1 g/t Au

2 / 5

50–125 koz Au

1–2.5 Moz Au

1–2 g/t Au

3 / 5

125–250 koz Au

2.5–5 Moz Au

2–5 g/t Au

4 / 5

250–500 koz Au

5–10 Moz Au

5–8 g/t Au

5 / 5

≥ 500 koz Au

≥ 10 Moz Au

≥ 8 g/t Au

Copper uses kt Cu bands (Mlb Cu when lb-scale copper resources appear on featured projects). Lithium grade uses hard-rock % Li₂O bands unless brine-style extraction or brine units appear on featured projects.

Assumptions

Presented values are denominated in currency of the country where the company is headquartered. Values like market capitalization might differ from the values visible in other parts of the page, where the currency is always USD.