Iamgold Corporation
IAGIAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America, South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa; and Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 586 square kilometer located in Ontario, Canada. Its exploration and development projects include the Pitangui project in Brazil; the Karita project located in Guinea; the Diakha-Siribaya project situated in Mali; and the Nelligan and Monster Lake projects located in Quebec, Canada. IAMGOLD Corporation was incorporated in 1990 and is headquartered in Toronto, Canada.
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Key Information
Legal Entity
Iamgold Corporation
Sector
Precious Metal
Founded
July 15, 2003
Employees
3,700
Reporting Currency
USD
Contact Phone
416 360 4710
Website
www.iamgold.comHeadquarters Address
401 Bay Street , Toronto , ON M5H 2Y4 , CA
Identifiers
Commodity Portfolio
Organization
Chart
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Videos
Gold Royalty: $100m FCF Targeted by 2030 at Spot
Key Highlights
brief- Griffith names IAMGOLD among the operating partners behind Gold Royalty's growth assets, describing the group as a 'who's who' of the mining industry - well capitalized and capable of building the assets that will deliver the growth.
Gold Royalty targets 28,000-34,000 gold equivalent ounces by 2030 — a six-fold rise — with 70% of that growth already permitted and built. The president projects about $100 million of free cash flow by 2030 at spot prices against flat G&A near $8 million and no debt. Growth is spread across Cote, REN, Vares, Borborema and Agnico's Odyssey, so no single asset carries the ramp and geopolitical risk stays low. The Vares copper stream reached commercial production under DPM Metals after a six-month mine-plan pause and could soon make copper a quarter of revenue. About $200 million of debt-free dry powder supports busy deal flow, while a sustainable, growable dividend is under internal discussion ahead of buybacks.
Precore Gold: Drilling for a Major Find in Peru's Most Prolific Gold-Copper Belt
Key Highlights
detailed- Dumas says IAMGOLD has consolidated much of the surrounding ground in Quebec's Shibu-Gumu mining camp, creating what he calls the Milligan complex out of several acquired satellite deposits.
- He says IAMGOLD's Croto deposit sits about 300 m from the limits of Precore Gold's Lac Big Rush property and carries 640,000 ounces at 1.7 g/t gold.
- He notes Croto has had no follow-up drilling since IAMGOLD drilled it, and uses its proximity to argue Lac Big Rush sits in a camp surrounded by a tier-1 gold producer.
Precore Gold's re-rating hinges on one 6,000-meter drill program at its Arikepay gold-copper project in southern Peru. Untested since 2017, historical drilling hit 420 meters at 0.91 grams gold per tonne, with 80 meters above 3 grams. A gold envelope 400 meters wide and three kilometers long stays untested, with historic collars spaced 500 meters to a kilometer apart. Crown land and a four-stage permit process keep permitting straightforward, with no Indigenous negotiations required. A $6 million private placement lifted shares outstanding to 63 million; management refused to upsize it to protect dilution.
Building a 500,000-Ounce-a-Year Gold Producer | Patrick Downey - Orezone Gold
Key Highlights
brief- Downey lists IAMGOLD among the neighboring operators around Orezone's Hava-Hosco project in the Cadillac-Larder break.
Orezone CEO Patrick Downey calls the past 12 months the best mining sentiment of his 40-year career, with good projects finally getting financed. Downey maps a path from about 230,000 ounces of annual gold production to roughly 500,000 ounces, pointing to Bomboré, Casa Berardi and the development pipeline. He argues the market gives zero value to Heva-Hosco in Quebec, where a 2012 feasibility study showed roughly 105,000 ounces a year over 14 years. The year ahead looks catalyst-rich: a Heva-Hosco study, drill results at Casa Berardi and Bomboré, and a life-of-mine study (a whole-mine plan). Downey says Orezone holds over $100 million in cash with little or no debt and would buy back stock if the discount persists.
iMetal Resources ($IMR | $IMRFF) Secures $3M Financing as Gowganda West Exploration Moves Forward
iMetal Resources closed a $3 million financing on August 18, 2026, with McFarlane Lake Mining taking a 19.9% strategic stake at C$0.10 per unit. CEO Saf Dhillon plans a 2,500-5,000-metre drill program at Gowganda West in the Abitibi Belt, building on a discovery hole of roughly 50m at 0.85 g/t gold. iMetal's flagship sits next to McFarlane's Juby deposit, which the CEO says recently surpassed 5 million ounces in an updated mineral resource estimate. Dhillon argues capital is rotating from geopolitically risky jurisdictions back to tier-one districts like Canada, where majors such as Newmont, Agnico Eagle and IAMGOLD remain active. Beyond gold, iMetal holds a Quebec graphite project with intercepts up to 13% and jumbo flake sizing, positioned as critical-mineral upside.
Goldera: $5.5M Cash-Backed Spin-Out Targeting High-Grade Canadian Gold
Key Highlights
brief- Goldera's board includes Mahendra Naik, a founding director of IAMGOLD, whom the CEO credits with knowing mining operations well and understanding the value in the projects.
CEO Charles Tarnocai says Goldera priced its listing at 0.3 to 0.5 times project portfolio value — in his view, a floor with immediate upside. Management runs two focus projects simultaneously, arguing low field costs put more of its $5.5 million treasury into the ground than into logistics. Egan surface samples hit 105 grams per tonne gold (g/t — grams of gold per tonne of rock), with broader lower-grade zones suggesting open-pit potential. The Acadian venture's McIntyre Brook ground is nearly enveloped by Williams Brook, where Kinross is earning in — the CEO cites this as district validation. A steady catalyst calendar runs through year-end: surface sampling results first, drilling around the Q3/Q4 turn, then drill assays before Q4 closes.
OnGold Resources Three Million Ounces of Gold in Manitoba Canada
Key Highlights
brief- The speaker cites IAMGOLD’s Kotelak Gold Mine, which hosts 19.1Moz of gold, as a nearby reference point — OnGold’s October property sits 35km on strike with it.
Re-assaying 2017 Monument Bay drill core for tungsten could expand the historic 3M oz gold resource when the 43-101 update lands this fall. An earn-in deal with Evolution Mining brings $7M of exploration spend and $1.1M in cash to OnGold without diluting shareholders. A milestone payment of $5M kicks in if Monument Bay resource exceeds 4M oz, a real catalyst at the current $51M market cap. The Ontario TPK property discovery hole of 8.2m @ 19.39 g/t gold adds earlier-stage upside beyond the flagship. OnGold October property sits 35km on strike from IAMGOLD 19.1M oz Kotelak mine, lending district-style prospectivity to the JV ground.
A $549M BET ON AUSTRALIA | OceanaGold x AusGold
Key Highlights
brief- Producing ~770k oz/yr in the peer comparison, sitting ahead of OceanaGold in the mid-tier ranking
- The host flags IAMGOLD's AISC as worse than OceanaGold's, weakening 'cost' as the explanation for OGC's discount
OceanaGold acquires AusGold for $549M, gaining Katanning — a Western Australia open-pit gold project — as its fifth asset. All-stock deal at a 44% premium to AusGold 20-day VWAP; first gold slips from AusGold 2028 target to 2029. Katanning economics: 10.3-year mine life, 1.2Moz recovered, AISC near $1,590/oz, $354M pre-production capex, 1.1 g/t grade. Value hinges on re-rating from developer 0.4x NAV to producer 0.7x NAV — a ~1.7x lift on identical ounces. OceanaGold trades at ~$11,500 per guided ounce versus Lundin Gold $32,000 and Alamos Gold $26,100 — the gap the deal aims to close.
Rio2: Condestable Expansion Approved, Fenix on Track for 100koz in 2027
Super El Nino disrupted Fenix Gold first-year heap-leach ramp-up, prompting Rio2 to pull 2026 gold guidance rather than chase unattainable numbers. Wheaton gold prepay (95,000 oz over 7 years) is Rio2 main balance-sheet drag - they plan to retire it via senior debt once AISC hits ~$2,000/oz. Condestable copper mine (EIA-approved expansion to 10,000 tpd, FID targeted H2 2026, sub-$50M capex) adds a steady-state cash engine to a one-asset junior. Fenix targets 20,000 tpd throughput and ~100,000 oz by 2027 at AISC ~$2,000/oz - the spread against todays gold price drives meaningful free cash flow. Alex Black long-term vision is a lean, three-mine LatAm gold-copper producer - small Lima team and no Canadian HQ make Rio2 an attractive eventual takeover target.
Live Q&A with Rick Rule and Albert Lu
Key Highlights
detailed- Despite IAMGOLD's high pre-cashflow yield and balance-sheet deleveraging, Rule says he is not an owner because of 'spotty operating results' at Côté Lake and because he sees easier names in the mid-cap gold space.
- Rule concedes that if IAMGOLD can make Côté Lake work predictably, bring all-in sustaining costs down, and lift return on capital employed, the stock will 'do extremely well' — but he is not convinced yet.
- He notes IAMGOLD was severely punished for being way over budget and way behind schedule at Côté Lake and was forced to liquidate most of the company's other assets to make the project work.
- He admits that if he is wrong on IAMGOLD, the consequence is he will be 'spectacularly wrong' because the punishment was so deep.
Reading offering documents and 10-Ks is essential; Rick Rule uses a condo contract story to illustrate capital stack diligence. Rick rates First Mining Gold's Spring Pole a 6, and Agnico Eagle's Radisson stake validates Abitibi infrastructure economics. Lotus Resources' Chialecra uranium deposit isn't buildable at $80/lb given East African political and economic challenges, Rick says. Inversion technique: avoiding Doug Casey's 'gotta hunch, bet a bunch' is the surest way to fail in natural resources. In deleveraging equity plays, Rick waits for net present value of assets to exceed enterprise value before buying.
Franco-Nevada Has $4.3 Billion And Nowhere To Put It | Q2 2026 Earnings
Key Highlights
brief- The guest says IAMGOLD's CFO sounds intent on exercising the option to buy back half of Franco-Nevada's Cote royalty in two 25% tranches at a $263 million floor per tranche, with a deadline in April of next year (2027).
- That floor alone would return at least roughly $526 million to Franco-Nevada, taking available capital past $4.8 billion before Q3 cash flow is counted.
Franco-Nevada holds $4.3B of available capital, debt-free, but deployed just $84M on deals in Q2 while rivals deployed $5.4B. The stock trades at a 23% EBITDA premium to royalty peers, pricing in future deal flow rather than the cash itself. If IAMGOLD exercises its Côté royalty buyback, available capital could exceed $4.8B; management prefers a higher ordinary dividend over a special. Q2 missed EPS estimates at $1.81 versus a $1.96 consensus as gold averaged $4,517/oz, but half-year revenue and EBITDA set records. Cobre Panama stockpile deliveries restart in Q3, adding 9,000–10,000 GEOs (gold-equivalent ounces) of optionality not in consensus models.
Why Simon Thinks Gold Has Bottomed | Simon Marcotte - IAM Gold Corp.
Simon Marcotte argues gold has bottomed after the H1 2026 correction driven by a hawkish Fed and weak Chinese demand. Chinese gold demand softened alongside paused money supply growth amid ongoing real-estate weakness in H1 2026. China has now restarted money supply growth, which the guest expects to revive Chinese gold buying into 2027. The guest expects the Fed to regain flexibility to turn dovish again going into 2027, a tailwind for gold. Marcotte flags the war in Iran as a long-term geopolitical tailwind investors should not ignore for gold.
Gold Is Still Going to $30,000 | Simon Marcotte
Key Highlights
brief- The host cites IAMGOLD's $375 million December acquisition of Northern Superior as the latest in Simon Marcotte's track record of successful takeouts, alongside Lithium X (2017) and Arena Minerals (2023).
- IAMGOLD is otherwise not discussed; the segment focuses on Marcotte's macro gold thesis, not IAMGOLD's operations or strategy.
Guest Simon Marcotte argues his $30,000 gold thesis remains intact, with 2027 as the critical turning point for the next leg higher. He frames the path higher as contingent on the Fed turning dovish once the 2026 U.S. refinancing wall clears and deficits stay elevated. Chinese retail buyers — shut out of crypto — have driven the gold rally; China's money-supply restart suggests the H1 2026 pullback has bottomed. Macro backdrop: U.S. deficit spending has replaced QE as the economy's primary support since 2008, with the debt ceiling heading toward $41 trillion. Simon argues AI is bullish for hard assets, not bearish — it crowds professional services out of the CPI basket, freeing room for gold prices to rise.
Heliostar - Q2 Financial Highlights, Record Gold Production, Growth Pipeline
Key Highlights
brief- IAMGOLD's Q2 AISC was 'nearly identical' to Heliostar's $2,287/oz, according to CEO Charles Funk.
San Agustin gold output jumped 49% quarter-on-quarter at an AISC (All-In Sustaining Cost — what it really costs per ounce) near $2,287, signaling peer-relative cost discipline. Cash hit a record $43M by quarter-end with no debt, even after a $10M outlay for the Gold Strike deposit acquisition. Silver output nearly doubled to 80,000 ounces on a leaching mix shift and San Agustin ramp-up; smelter payment-term changes pushed most silver revenue into later quarters. The 25,000-metre Ana Paula drill program anchors a mid-2027 feasibility study targeting 100,000-ounce annual output and first gold by late 2028. Operating cash is being recycled into a multi-mine pipeline including Ana Paula and Gold Strike, lining up the next 1-3 projects beyond current production.
Precore Gold ($PRCG) Investor Webinar: Two High-Potential Brownfield Gold Assets Among the Majors
Key Highlights
brief- The guest says IAMGOLD consolidated properties in the Chibougamau camp and calls the resulting district the Nelligan Mining Camp.
- The guest says IAMGOLD acquired Northern Superior in November 2025, including the nearby Croto deposit.
Precore is concentrating capital on a 5,000-to-6,000-metre Phase 1 drill program at Arequipa, pending geophysics and permits. Management highlights historical drilling at Arequipa and plans twinned holes plus step-outs to test a gold-enriched corridor within a copper porphyry system. At Lac Big Rush, the company is using AI to combine regional geological data, then plans field validation before defining drill targets. Precore expects to raise capital for its first drill phase while limiting dilution; management estimates roughly $1.5 million for diamond drilling, excluding base camp costs. The stated strategy is to grow a mineral resource estimate and position the assets for potential acquisition rather than build a producing mine.
50 buy-the-dip stocks (July 17, 2026)
Key Highlights
brief- IAMGOLD is the exception on the list that does not print as an eight-bagger — he thinks it is the seven-bagger.
- At roughly $14 as of mid-July 2026 he says getting a company of that quality at that price is pretty darn good.
He reviews 50 gold and silver mining stocks he owns, sizing the upside against $7,000 gold and $200 silver. Most of the list screens as an eight-bagger or better, and he favors undervalued producers growing output. Development names need patience: permits plus roughly two-year builds push many payoffs to 2028 and beyond. He cautions that gold and silver mining stocks are speculative, so keep allocations small and only risk what you can lose.
Michael Gentile Latest Macro Outlook, Specific Holdings, Featuring McFarlane Lake Mining Limited
Key Highlights
brief- Named as owner of the Cote Lake mine just west of McFarlane Lake's Juby project, part of the established district cited as a reason to back the asset.
- Grouped with K92 Mining and Equinox Gold as mid-tier gold producers trading well below 1x NAV, which Gentile reads as the gold space still early and lacking sponsorship.
Fixing a junior's balance sheet can trigger a rerating faster than drilling: clearing debt and pulling in warrants revived a stalled gold developer. Gold developers can trade at a quarter of peers per ounce in the ground once a debt overhang lifts, leaving a wide value gap. Michael Gentile argues gold producers still trade below 1x NAV while copper peers re-rated, so generalist money has yet to arrive in gold. Consistent, low-cost drilling across several juniors keeps adding ounces every few weeks before the market pays attention to the results. The strongest junior positions keep making new highs; add when the story still strengthens instead of selling success by reflex.
Why I'm Bullish on Gold and Silver | Michael Gentile and Jimmy Connor
Key Highlights
brief- Gentile identifies IAMGOLD as the acquirer of Northern Superior Resources, citing the takeout as evidence that major miners will buy buildable juniors over building or exploring themselves.
- He treats such acquisitions as the natural endpoint of his venture-style junior mining process, where a few winners are expected to compensate for many failures.
US debt of $40T refinanced at 5% would push interest expense to $2T a year, so the Fed cannot meaningfully raise rates, supporting gold. The pullback from January's $5,500 spike to roughly $4,500 is a healthy shakeout that flushed speculative longs, not a trend reversal. Gold producers currently price in roughly $3,800 gold and trade at deep discounts to NAV, offering outsized upside if spot holds. A wave of mining M&A is coming as net-cash majors with record free cash flow must replace reserves that have been depleted for a decade. Michael Gentile takes 5-20% early stakes in 30-35 micro-cap juniors, aiming for 20-50x returns as few graduates get acquired by majors.
Jason Kosec and Jonathan Awde of Hemlo Mining Corp. | Rule Symposium 2026: Rick Rule interviews
Key Highlights
brief- Kosec says his structural reinterpretation work at Cote — now Canada's third-largest deposit, owned by IAMGOLD — led to a 2012 sale for just over $600 million, after which he worked with IAMGOLD.
A veteran management team bought Hemlo — Canada's preeminent historic gold mine — from Barrick, betting decades of underinvestment left value behind. The mill runs at 3,800 of 10,000 tons per day; a planned $130 million investment aims to lift output toward 200,000 ounces a year. Barrick ran Hemlo as a rounding error — about 5% of output — spending $2 million on exploration where the new owners plan $38 million. The sellers' technical report shows a 14-year mine life, about 140,000 annual ounces, and $1.1 billion NPV5 (value discounted at 5%) at $2,610 gold. A 130,000-metre drill program targets an updated technical report in mid-2027; management says it has over $40 million of its own money invested.
Precore Gold’s ($PRCG) Southern Peru Gold Opportunity Explained
Key Highlights
brief- The guest says IAM Gold has consolidated the Quebec mining camp that hosts Precore Gold's Lac Big Rush property and now holds an inferred resource of about 8.6 million ounces of gold across several deposits, one of which he puts at 640,000 ounces grading 1.7 g/t.
- He points to that consolidation as part of the reason Precore Gold moved into the camp, and names IAM Gold alongside Anglo American as a past employer of the company's geological consultant in Peru.
Precore Gold's flagship Arikepay project in southern Peru may hold gold that 2012 and 2017 drilling missed. Previous holes drilled vertically to chase copper porphyry supergene zones, leaving angled gold-bearing structures untested. Phase 1 drilling targets roughly 3,000-5,000 meters, using 200-meter step-outs and a duplicate of the best historical hole. At a 9 million market cap and 32 million shares, management says Phase 1 can be funded without heavy dilution. Nordic Funds discloses it may be paid in cash or securities by the companies it features in these interviews.
#97 Digging for Dollars #25 What Majors Clearly Look For When They’re Shopping
Key Highlights
brief- The hosts say IAMGOLD's Northern Superior deal ties up an enormous complex, positioning it to be the big complex builder there.
Recent junior takeovers share one trait: district-scale ground beside infrastructure the buyer already operates. Agnico Eagle's roughly $3 billion Rupert Resources deal consolidates its Finnish gold belt in one move. Districts beat lone assets — Eldorado's $4 billion Foran buy adds a century-long camp, not just one mine. Darwin Green says Mackay's Nevada ground could target 1-2 million ounces of shallow oxide gold within 18 months. Fragmented claims kept Comstock undeveloped for a century; Darwin Green says consolidation was the real barrier.
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