IAMGOLD posts $1 billion revenue on strong gold prices, maintains full-year guidance
Debt reduction and share buybacks offset throughput issues as Westwood and Essakane mines boost output in first quarter.
IAMGOLD Corporation has reported a robust start to 2026, with first-quarter attributable gold production reaching 183,600 ounces. The output level keeps the mining group on track to meet its full-year guidance of between 720,000 and 820,000 ounces, despite facing operational headwinds at one of its key assets.
Financial performance for the quarter was underpinned by an average realised gold price of $4,859 per ounce. The company recorded revenues exceeding $1 billion, alongside an adjusted EBITDA of $666.3 million and mine-site free cash flow of $524.6 million. These figures reflect the group’s ability to generate significant cash flows in the current market environment.
Operational results varied across the portfolio. While the Westwood and Essakane mines achieved year-on-year production increases, throughput at the Côté Gold mine was constrained by conveyor maintenance. IAMGOLD noted that performance at Côté is expected to improve progressively throughout the year as debottlenecking efforts continue.
The group utilised its strong cash generation to strengthen its balance sheet and return capital to shareholders. During the first quarter, IAMGOLD repaid $100 million in debt and repurchased $260 million in shares through its buyback program. As of 31 March 2026, the company maintained $1.1 billion in available liquidity.
Looking ahead, IAMGOLD remains focused on growth catalysts, including updated mineral resource estimates and technical reports for several assets. The company intends to maintain a disciplined approach to debt reduction and continue its share repurchase initiatives for the remainder of the year, supported by its current liquidity position.
