IAMGOLD: Q4 and Full Year 2025 Financial Highlights

IAMGOLD Reports Strong 2025 Financial and Operational Performance, Bolstered by Gold Market Dynamics

IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) has announced robust financial and operating results for the fourth quarter and full year ended December 31, 2025. The company posted adjusted EBITDA of $710.1 million for the fourth quarter and an impressive $1,550.5 million for the full year. Revenues also saw a significant uptick, reaching $1,088.1 million in the fourth quarter and $2,852.8 million for the full year 2025. Attributable gold production for the year stood at 765,900 ounces, hitting the midpoint of the company’s guidance.

Demonstrating a strategic focus on financial health, IAMGOLD successfully reduced its net debt to $344.4 million by year-end and maintained a strong liquidity position with $868.6 million available. This financial strengthening was accompanied by consistent share repurchase activity, with approximately $100 million in shares bought back since December, signaling confidence in the company’s intrinsic value and commitment to shareholder returns.

“The timing has been highly favourable for the Company, as we deliver record margins and cashflow while our mines move into robust production phases, further supported by strong gold market conditions,” stated Renaud Adams, President and Chief Executive Officer of IAMGOLD. “The combination of strong operating results and cash flows has allowed the Company to enact on its strategy to de-lever the balance sheet and deliver value to shareholders through the share buyback program.”

**Key Financial and Operational Highlights:**

* **Record Financial Performance:** Full-year 2025 adjusted EBITDA reached $1,550.5 million, complemented by a monumental fourth quarter EBITDA of $710.1 million.
* **Strong Revenue Growth:** Total revenues for 2025 amounted to $2,852.8 million, with $1,088.1 million generated in the fourth quarter.
* **Production at Guidance Midpoint:** Attributable gold production for 2025 was 765,900 ounces, aligning with the company’s operational targets.
* **Balance Sheet Deleveraging:** Net debt was significantly reduced by $514.9 million, reaching $344.4 million at year-end.
* **Shareholder Value Creation:** The company continued its share repurchase program, deploying capital effectively to enhance shareholder returns.
* **Mine-Site Free Cash Flow:** A record mine-site free cash flow of $1,199.0 million was generated in 2025, underscoring operational efficiency and robust market conditions.

**Operational Performance and Strategic Outlook:**

The company’s operational performance was particularly strong across its key assets. Côté Gold, a significant contributor, achieved the top end of its production guidance, marking a milestone in its operational ramp-up. Essakane also exceeded expectations on a 100% basis, showcasing consistent operational excellence.

Looking ahead to 2026, IAMGOLD anticipates attributable production in the range of 720,000 to 820,000 ounces. Côté Gold will focus on optimizing operations at nameplate rates, with an expansion technical report slated for the fourth quarter of 2026. This expansion is expected to leverage the growing resource base, targeting both the Côté and Gosselin deposits.

The company’s strategic acquisitions of Northern Superior Resources Inc. and Mines d’Or Orbec Inc. in late 2025 have consolidated the Nelligan Mining Complex in Quebec, creating one of Canada’s largest pre-production gold camps. This complex offers significant organic growth potential, with comprehensive drill programs planned to further delineate and expand resources.

**Mineral Reserves and Resources Update:**

As of December 31, 2025, IAMGOLD’s Proven and Probable Mineral Reserves totaled 9.9 million ounces of gold. While reserves saw a 7% decrease primarily due to depletion, Measured and Indicated Mineral Resources saw a substantial 16% increase to 31.0 million ounces. This growth in resources is largely attributed to the conversion of Inferred resources and the inclusion of new projects within the Nelligan Mining Complex.

**Technological and Market Considerations:**

The company’s financial results are underpinned by its strategic approach to managing costs and leveraging technology. The focus on unit cost improvement at Côté Gold through optimized mining, milling, and maintenance practices is crucial for long-term profitability, especially in a dynamic gold market. The integration of advanced geological modeling and exploration technologies will be key to unlocking the full potential of its expanding resource base.

The current gold market conditions remain favorable, providing a strong backdrop for IAMGOLD’s operational and strategic initiatives. The company’s ability to generate robust free cash flow not only strengthens its balance sheet but also provides the flexibility to pursue growth opportunities and enhance shareholder returns through its ongoing buyback program.

**About IAMGOLD:**

IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa. The company is committed to high standards of Environmental, Social, and Governance (ESG) practices, reflecting its dedication to responsible mining. IAMGOLD is listed on the New York Stock Exchange (NYSE: IAG) and the Toronto Stock Exchange (TSX: IMG).

**Forward-Looking Statements:**

This release contains forward-looking statements. Investors are cautioned that these statements are based on assumptions and are subject to various risks and uncertainties, including those detailed in the Company’s filings with securities regulators. Actual results may differ materially.