IAMGOLD Posts $710M Q4 Adjusted EBITDA, Cuts Net Debt by $515M
IAMGOLD delivered record adjusted EBITDA of $710.1 million in Q4 and $1.55 billion for 2025, generating $1.20 billion in mine-site free cash flow and reducing net debt by $514.9 million to $344.4 million. Fourth-quarter attributable gold production reached 242,400 ounces, supporting a $100 million share buyback program.
1. Record Q4 and Full-Year EBITDA
IAMGOLD reported adjusted EBITDA of $710.1 million in the fourth quarter and $1.5505 billion for 2025, with mine-site free cash flow of $626.6 million in Q4 and $1.199 billion for the year on revenues of $2.85 billion from 817,800 ounces sold at an average $3,482 per ounce.
2. Production Milestones
Total attributable gold output reached 242,400 ounces in Q4 and 765,900 ounces for 2025, hitting the mid-point of guidance. Côté Gold led with a record 87,200 ounces in the quarter, while Essakane produced 117,300 ounces, exceeding its guidance midpoint.
3. Balance Sheet Improvement and Share Buyback
The company reduced net debt by $514.9 million to $344.4 million as of December 31, 2025, and held $868.6 million in liquidity, including $421.9 million in cash and $445.7 million available on its revolving credit facility. Since December, the share buyback program has repurchased $100 million of shares.
4. 2026 Outlook Initiatives
IAMGOLD will continue the share buyback program funded by Essakane cash flows, prioritize cost improvements and expansion planning at Côté to boost throughput, and advance a comprehensive drill program at the Nelligan Complex to grow its organic pipeline.