IAMGOLD Corporation reported that it produced 765,900 ounces of gold in 2025, comfortably within its guidance range of 735,000 to 820,000 ounces, and sold 817,800 ounces at an average realized price of $3,480 per ounce. The fourth‑quarter results were highlighted by 259,000 ounces sold at an average price of $4,190 per ounce, reflecting the record gold‑price environment that underpinned the company’s record revenue outlook for the year.
On a mine‑by‑mine basis, Côté Gold delivered 279,900 attributable ounces (399,800 on a 100 % basis), Westwood produced 113,900 ounces, and Essakane produced 372,100 attributable ounces (427,200 on a 100 % basis). Westwood’s output fell short of its guidance range of 125,000 to 140,000 ounces, a shortfall attributed to lower-than‑expected production in the first three quarters, although the mine posted a record‑high output in the fourth quarter. Côté Gold’s performance, meanwhile, met the top end of its guidance and positioned the mine for a full‑year ramp‑up to nameplate capacity.
Cash costs for 2025 were at the top end of the guidance range, $1,375 to $1,475 per ounce sold, while all‑in sustaining costs (AISC) hovered near the midpoint of $1,830 to $1,930 per ounce sold. Management highlighted that the high gold price environment increased royalty costs, particularly at Essakane, but that disciplined cost management kept cash costs within the guidance envelope. For 2026, IAMGOLD is targeting cash costs of $1,100 to $1,250 per ounce sold and AISC improvements, reflecting a strategic focus on cost discipline and operational efficiency.
Strategic initiatives to support the 2026 outlook include the installation of a second cone crusher at Côté Gold, a move expected to improve plant availability and reduce downtime. The company also plans to refine mining and milling practices across its Canadian portfolio, a broad effort to enhance operational leverage and reduce variable costs. In addition, a study is underway to evaluate a potential expansion at Côté Gold, signaling a long‑term growth strategy that balances short‑term cost control with future capacity development.
CEO Renaud Adams praised the year’s results, noting that IAMGOLD’s transition from a development‑phase producer to a cash‑generating mid‑tier miner is accelerating. He emphasized that the company’s focus on “unit cost improvement through stable and efficient mining and milling practices” will underpin the 2026 guidance, which maintains a conservative production outlook while signaling confidence in maintaining profitability amid a high‑price environment.
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