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Dec 31, 2024
Iamgold Q4 2024 Earnings Report
IAMGOLD reported solid Q4 2024 results with revenue growth and increased gold production.
Key Takeaways
IAMGOLD posted strong Q4 2024 results, reporting $469.9 million in revenue, driven by increased gold production at Westwood and the ramp-up at Côté Gold. Net earnings improved to $86.2 million, while adjusted EBITDA reached $215.4 million. The company continues to optimize production and cost efficiency across its mines.
Q4 revenue increased by 58% year-over-year to $469.9 million.
Gold production reached 177,000 ounces, up from 136,000 ounces in Q4 2023.
Adjusted EPS was $0.10, compared to $0.06 in Q4 2023.
Operating income reached $130.9 million, nearly tripling year-over-year.
Revenue by Segment
Forward Guidance
IAMGOLD expects increased gold production in 2025, driven by the full-year operation of Côté Gold and continued strong performance at Westwood and Essakane. Cost optimizations and capital discipline remain key priorities.
Positive Outlook
- FY 2025 gold production guidance of 735,000 to 820,000 ounces.
- Côté Gold expected to contribute 250,000 to 280,000 ounces.
- FY 2025 revenue expected to grow due to higher production levels.
- Cash cost per ounce guidance of $1,200 to $1,350.
- Capital expenditures expected to decline as major projects are completed.
Challenges Ahead
- AISC expected to remain elevated due to sustaining capital needs.
- Potential cost pressures from supply chain and geopolitical risks.
- Production at Essakane may be impacted by regional security issues.
- Westwood open-pit operations expected to conclude by year-end.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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