IAMGOLD Q2 Adj. EPS $0.42; Production 188,100 oz; Reaffirms FY Guidance
IAMGOLD Corporation reported strong financial and operating results for the second quarter ended June 30, 2026. The company achieved an adjusted net earnings per share of $0.42 and attributable gold production of 188,100 ounces, keeping it on track for its full-year guidance. Operational improvements at Côté Gold, including a conveyor belt replacement and second cone crusher commissioning, are expected to boost production and reduce costs in the second half. The company also strengthened its balance sheet, reaching a net cash position and increasing its credit facility, while returning nearly $150 million to shareholders through its buyback program. Additionally, Côté Gold's Mineral Resources significantly expanded, with an updated technical report expected in Q4 2026 outlining plans for increased processing rates and extended mine life.
Key Highlights
- Reported Q2 2026 adjusted net earnings per share of $0.42, with YTD at $1.09.
- Attributable gold production reached 188,100 ounces in Q2 and 371,700 ounces YTD.
- Adjusted EBITDA for Q2 was $507.3 million, with YTD at $1,173.6 million.
- Achieved a net cash position of $52.2 million and $1.3 billion in liquidity.
- Repurchased $147.9 million (8.6 million shares) in Q2, totaling $510.4 million YTD.
- Côté Gold's Measured and Indicated Mineral Resources increased to 20.3 million ounces.
- Reaffirmed full-year 2026 production guidance of 720,000 to 820,000 ounces.
- Credit Facility increased to $850 million, extended to June 2030, and remains undrawn.
Price Impact
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