Iamgold Q4 Revenue Climbs 18% to $467M; Côté Gold Construction Underway
Iamgold reported Q4 2025 revenue of $467 million, an 18% year-over-year increase driven by record gold sales of 132,000 ounces and net income of $43 million versus $27 million last year. The company commenced construction at its Côté Gold project, raised full-year production guidance to 540,000 ounces and earmarked $150 million for West Africa exploration.
1. Q4 2025 Financial Performance
Iamgold delivered Q4 2025 revenue of $467 million, up 18% year-over-year, powered by record gold sales of 132,000 ounces. Net income reached $43 million, compared with $27 million in Q4 2024, as average realized gold prices rose by 7% to $1,850 per ounce.
2. Côté Gold Project Breaks Ground
The company officially began construction on its Côté Gold mine, targeting first production in late 2027. Management highlighted a total project budget of $2.8 billion and expects annual output of 260,000 ounces at an all-in sustaining cost of $950 per ounce.
3. Guidance Raised and Exploration Plan
Iamgold lifted full-year 2026 gold production guidance to 540,000 ounces, up from the prior range of 500,000–530,000 ounces. The board approved a $150 million capital allocation for new exploration in Burkina Faso and Mali, and initiatives to reduce unit costs by $20 per ounce.