IAMGOLD jumps after $1.03B Q1 revenue, $260M buybacks, debt repayment
IAMGOLD shares rose after reporting Q1 2026 results with $1.03B revenue, $0.65 EPS, and $524.6M mine-site free cash flow. The company also said it repurchased $260M of shares (12.9M shares) and repaid $100M of debt while reiterating 2026 production guidance.
1. What’s moving the stock
IAMGOLD (IAG) is higher today after posting a strong set of first-quarter 2026 financial and operating results and highlighting aggressive capital returns. The company reported revenue of $1,030.1 million and net earnings attributable to equity holders of $379.7 million, or $0.65 per share (adjusted $0.67), alongside mine-site free cash flow of $524.6 million.
2. Buybacks and balance-sheet actions
Investors are also reacting to IAMGOLD’s emphasis on shareholder returns and deleveraging. The company said Q1 free cash flow helped fund $260 million of share repurchases (12.9 million shares) and enabled repayment of $100 million on its credit facility, while cash and cash equivalents increased to $550.2 million and total available liquidity rose to $1,096.9 million at quarter-end.
3. Operations and outlook points investors are keying on
Operationally, attributable gold production was 183,600 ounces in Q1, and management reiterated that this pace positions the company to achieve full-year 2026 production guidance of 720,000 to 820,000 ounces. IAMGOLD also flagged improved performance at Westwood and Essakane, while noting Côté Gold’s Q1 throughput was constrained by unplanned conveyor downtime but improved in April following repairs, with a belt replacement planned for May.