Canada's IAMGOLD Corp Q3 revenue up 21% on higher gold prices
IAG•IAMGOLD Corp's third-quarter revenue rose 21% year over year, and adjusted EPS increased to $0.42 from $0.30. The company repurchased $135 million in shares and maintained its 2026 gold production guidance at 720,000-820,000 ounces.
1. Quarterly results
IAMGOLD Corp's third-quarter revenue rose 21% year over year, driven by higher realized gold prices. Adjusted EPS increased to $0.42 from $0.30 a year earlier, and adjusted EBITDA was $503.9 million.
2. Buybacks and guidance
The company repurchased $135 million in shares during the quarter, bringing total buybacks to nearly $600 million. IAMGOLD maintained 2026 gold production guidance of 720,000-820,000 ounces and expects consolidated cash costs, excluding royalties, in the upper half of its $1,100-$1,250-per-ounce range.
3. Cost and production factors
IAMGOLD anticipates exceeding the upper end of its 2026 all-in sustaining cost guidance, including royalties, due to higher gold prices. At Côté Gold, discontinuing external contractor crushing and lower mill maintenance costs reduced production costs; increased output at Westwood and Essakane contributed to overall mine-site free cash flow.
