IAMGOLD
IAMGOLD is a Canadian-focused intermediate gold producer operating three mines (Côté Gold in Ontario, Westwood in Quebec, Essakane in Burkina Faso) and the development-stage Nelligan Mining Complex, selling approximately 720,000-820,000 ounces of gold annually to global bullion markets.
- Company typePublic
- Founded1996
- HeadquartersToronto, Canada
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What IAMGOLD does
IAMGOLD Corporation is a Canadian-focused intermediate gold mining company that produces and sells gold from a portfolio of three operating mines and one development-stage district project across Canada and West Africa. Its core producing assets are the Côté Gold Mine (70% owned) in northeastern Ontario, the Westwood Gold Complex (100% owned) in Quebec, and the Essakane Gold Mine (85% owned) in Burkina Faso, with the Nelligan Mining Complex in Quebec as its primary growth platform. The company employs approximately 3,700 people and targets global gold commodity markets, selling produced gold directly to bullion banks, refiners, and commodity traders through a mix of long-term offtake agreements and spot transactions at prevailing LBMA prices.
Côté Gold, which achieved commercial production in August 2024 and reached nameplate throughput of 36,000 tonnes per day ahead of schedule, is equipped with autonomous haul trucks and drills enabled by a Nokia private 4G/5G network deployed by Ambra Solutions. Processing across the portfolio uses conventional crushing, grinding, and carbon-in-leach/carbon-in-pulp (CIL/CIP) circuits, with High Pressure Grinding Rolls (HPGR) at Côté Gold and pillarless pyramid stope sequencing implemented at Westwood to manage seismicity. As of December 31, 2025, IAMGOLD reported Measured and Indicated Mineral Resources of 31.0 million ounces (100% basis) and Proven and Probable Reserves of 9.9 million ounces, with Côté Gold alone hosting 20.3 Moz M&I.
Revenue is generated almost entirely from gold sales, with Q1 2026 revenue of $1,030.1 million on attributable production of 183,600 ounces at an average realized gold price of $4,859 per ounce and 2026 full-year production guidance of 720,000-820,000 attributable ounces at AISC of $2,000-$2,150/oz. 2025 revenue was approximately $2.85 billion. Pricing is set by global markets rather than IAMGOLD; the company reports cost metrics (cash costs and AISC) as its key performance indicators. In 2025 the company reduced net debt by approximately $515 million, fully repaid a $400 million second-lien term loan, received credit rating upgrades from Fitch and Moody's, and completed two Quebec-focused acquisitions (Northern Superior Resources and Mines D'Or Orbec) that consolidated the Chibougamau district into one of Canada's largest pre-production gold camps.
IAMGOLD firmographics
Firmographics- Name
- IAMGOLD
- Legal name
- IAMGOLD Corporation
- Website
- https://iamgold.com
- Company type
- Public
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- IAMGOLD is a Canadian-focused intermediate gold producer operating three mines (Côté Gold in Ontario, Westwood in Quebec, Essakane in Burkina Faso) and the development-stage Nelligan Mining Complex, selling approximately 720,000-820,000 ounces of gold annually to global bullion markets.
- Ownership category
- akta.pro rank
IAMGOLD industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (212220)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industry
- Precious Metals Bullion & Concentrates Trading (Gold, Silver, PGM) (IMAKAJAD)
Keywords
Where IAMGOLD is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices4 records
Markets served
IAMGOLD business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Gold Production and Sales: IAMGOLD generates the vast majority of its revenue from the production and sale of gold. Gold is sold at prevailing market prices through a combination of long-term offtake agreements and spot market transactions. Revenue is directly tied to gold production volumes (ounces produced) and the realized gold price per ounce. The company has three operating mines: Côté Gold (70% owned, Ontario, Canada), Westwood (100% owned, Quebec, Canada), and Essakane (85% owned, Burkina Faso). Q1 2026 revenues were $1,030.1 million with attributable gold production of 183,600 ounces at an average realized gold price of $4,859 per ounce.
- Joint Venture and Royalty Interests: IAMGOLD holds joint venture interests in mining projects where it earns proportional revenue from gold production. The primary example is the 70% interest in Côté Gold Mine with Sumitomo Metal Mining Co. Ltd. holding 30%, where IAMGOLD's attributable production is 70% of total output.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | IAMGOLD reports cost metrics per ounce rather than product pricing. Consolidated cost guidance for 2026: Cash costs excluding royalties $1,100-$1,250/oz; Cash costs including royalties $1,425-$1,575/oz; AISC $2,000-$2,150/oz. |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
IAMGOLD product offering
Product offeringCore offering
IAMGOLD is a Canadian-focused intermediate gold producer that extracts, processes, and sells gold from three operating mines: Côté Gold (Ontario, 70% owned), Westwood (Quebec, 100% owned), and Essakane (Burkina Faso, 85% owned). The company also develops the Nelligan Mining Complex in Quebec as a district-scale gold platform. Gold is sold at prevailing LBMA market prices through direct offtake arrangements with gold buyers, refiners, and financial institutions.
Product overview
IAMGOLD is a Canadian-focused gold producer operating a multi-asset portfolio of producing mines and development projects. The company's core operations include three producing gold mines: Côté Gold Mine (Ontario, 70% ownership, open-pit), Westwood Gold Mine (Quebec, 100% ownership, underground/open-pit), and Essakane Gold Mine (Burkina Faso, 85% ownership, open-pit). The company also operates the Nelligan Mining Complex (Québec), a development-stage project that consolidates multiple deposits including Nelligan, Monster Lake, Philibert, and Chevrier following the 2025 acquisitions of Northern Superior Resources and Mines D'Or Orbec. All assets are centered on gold production and exploration, with the company leveraging modern mining technology including autonomous equipment at Côté Gold.
Differentiator
Problem solved
Functional benefit
Products and services
- Côté Gold Mine Large-scale open-pit gold mining operation located in northeastern Ontario, jointly owned by IAMGOLD (70%) and Sumitomo Metal Mining Co. Ltd. (30%). Achieved commercial production in August 2024 and reached nameplate processing capacity of 36,000 tonnes per day. 2025 attributable production was 279,900 ounces.
- Westwood Gold Mine Underground and open pit gold mining complex in Quebec, Canada, including the Westwood underground mine and Grand Duc open pit. Located near Rouyn-Noranda. Began production in 2013 with Grand Duc starting in 2019. Underground operations use pillarless pyramid stope sequencing and enhanced ground control methodologies.
- Essakane Gold Mine Open pit gold mine located in northeastern Burkina Faso, 85% owned by IAMGOLD with the remaining 15% held by the Government of Burkina Faso. Averaged approximately 400,000 ounces of annual gold production over the last 10 years. One of the larger gold mines in West Africa.
- Nelligan Mining Complex District-scale gold development platform located in the Chibougamau region of Québec, Canada. Consolidates Nelligan, Monster Lake, Philibert, Chevrier, and additional exploration targets following IAMGOLD's December 2025 acquisitions of Northern Superior Resources and Mines D'Or Orbec. Hosts 4.3 million ounces of Indicated and 7.5 million ounces of Inferred resources across 134,018 hectares.
Quantifiable outcome
- Reduced safety incidents by 30% over five years, with compliance rates rising from 93% to 96% between 2020 and 2022
- +5 more outcomes
Companies that use IAMGOLD
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
IAMGOLD technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability1 record
Feature3 records
IAMGOLD partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Sumitomo Metal Mining Co. Ltd.coreSumitomo Metal Mining holds a 30% interest in the Côté Gold Mine in Ontario, Canada, while IAMGOLD holds 70%. The joint venture operates Côté Gold, which achieved commercial production in August 2024 and reached nameplate throughput of 36,000 tonnes per day ahead of schedule. IAMGOLD utilized proceeds from a US$300M bought deal financing to repurchase a 9.7% interest in Côté Gold from Sumitomo Metal Mining to restore full ownership.
- NokiacoreNokia deployed its Modular Private Wireless technology to build a private 4G/5G network at IAMGOLD's Côté Gold Mine in Ontario, replacing legacy Wi-Fi infrastructure. The network enables autonomous haul trucks and drills, remote equipment control, and real-time communications across surface and underground operations, positioning Côté Gold as a benchmark for digitally transformed mining.
- Ambra SolutionscoreAmbra Solutions partnered with IAMGOLD to deploy the Nokia-powered private 4G/5G network at Côté Gold Mine. Ambra served as the system integrator for the deployment, enabling autonomous haul trucks and drills and supporting the mine's digital transformation objectives.
- Auriginal Mining Corp.minorAuriginal Mining Corp. and IAMGOLD commenced a 1,600-meter diamond drilling program at their Anik joint venture property in Quebec. IAMGOLD holds a 75% interest in the project after fulfilling terms including $600,000 in cash payments and $4 million in exploration expenditures over five years, with Auriginal maintaining the remaining 25% stake.
Scale indicators13 records
Recent moves6 records
Expansion highlights5 records
IAMGOLD competitors and assessment
Company assessmentDirect peers
- Kinross Gold: Canadian mid-tier gold producer operating mines across the Americas and West Africa (including Tasiast in Mauritania and Chirano in Ghana). Directly comparable due to similar West African exposure, comparable attributable production scale (~2Moz), and overlapping jurisdictional footprint.
- Endeavour Mining: West Africa-focused intermediate gold producer with multiple operating mines in Burkina Faso, Côte d'Ivoire, and Senegal. Directly comparable as a mid-tier gold producer with similar production scale and significant Burkina Faso operational overlap with IAMGOLD's Essakane.
- B2Gold: Canadian intermediate gold producer with operating mines in Mali, Namibia, and the Philippines, plus development projects in Colombia. Directly comparable mid-tier peer with similar production volumes and African operating exposure.
- Alamos Gold: Canadian intermediate gold producer with operations in Mexico and Canada (including Young-Davidson in Ontario and Island Gold). Comparable multi-asset mid-tier producer with overlapping Canadian jurisdictional exposure and similar AISC economics.
- Eldorado Gold: Canadian mid-tier gold producer operating mines in Turkey, Greece, and Canada (including Lamaque in Quebec). Directly comparable given similar Canadian operations, comparable attributable production scale, and overlapping Quebec jurisdiction.
- New Gold: Canadian intermediate gold producer operating the Rainy River mine in Ontario and New Afton in British Columbia. Comparable mid-tier peer with Canadian-focused operations and similar AISC band, previously led by IAMGOLD's current CEO Renaud Adams.
- Equinox Gold: Canadian growth-oriented gold producer with operating mines in Brazil, Mexico, California, and Canada. Comparable multi-jurisdictional mid-tier producer pursuing production growth through both organic expansion and acquisitions.
- SSR Mining: Canadian intermediate precious metals producer with operations in the United States, Türkiye, and Argentina. Comparable intermediate-scale multi-asset producer with diversified jurisdictional risk profile and similar institutional investor following.
- Agnico Eagle Mines: Canadian senior gold producer with diversified operations across Canada, Mexico, Finland, and Australia. Directly comparable to IAMGOLD as a Canadian-focused multi-mine gold producer with similar scale, AISC discipline, and institutional investor base.
Broad incumbents
- Barrick Gold: World's largest gold producer with diversified global operations including West Africa (Loulo-Gounkoto in Mali). Comparable gold mining operations and West African exposure, but materially larger scale and broader geographic diversification than IAMGOLD.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
IAMGOLD social profiles
Digital presenceIAMGOLD compliance and trust
Trust signalCompliance5 records
IAMGOLD financial estimates
Financial estimateRevenue estimate
Valuation estimate
IAMGOLD leadership team
Management profileNumber of profiles
Profiles13 records
IAMGOLD subsidiaries and ownership
Company hierarchySubsidiaries6 records
IAMGOLD funding detail
Funding detailFunding overview
Funding rounds4 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IAMGOLD M&A and investment
M&A and investmentM&A6 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IAMGOLD
What does IAMGOLD do?
IAMGOLD is a Canadian-focused intermediate gold producer that extracts, processes, and sells gold from three operating mines: Côté Gold (Ontario, 70% owned), Westwood (Quebec, 100% owned), and Essakane (Burkina Faso, 85% owned). The company also develops the Nelligan Mining Complex in Quebec as a district-scale gold platform. Gold is sold at prevailing LBMA market prices through direct offtake arrangements with gold buyers, refiners, and financial institutions.
Is IAMGOLD a public or private company?
IAMGOLD is a public company. It is classified as public and is currently operating.
When was IAMGOLD founded?
IAMGOLD was founded in 1996. It employs 1,001 to 5,000 people.
Where is IAMGOLD based?
IAMGOLD is headquartered in Toronto, Canada, in the North America region.
How does IAMGOLD make money?
Two revenue lines are on record. Gold Production and Sales are the primary driver. The others are joint Venture and Royalty Interests.
Who are IAMGOLD's main competitors?
Direct peers on record are Kinross Gold, Endeavour Mining, B2Gold, Alamos Gold, Eldorado Gold, New Gold, Equinox Gold, SSR Mining and Agnico Eagle Mines. Barrick Gold is listed as a broad incumbent.
Does IAMGOLD have an API?
No public API is recorded for IAMGOLD.
What industry is IAMGOLD in?
IAMGOLD's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining, with a secondary code of IMAKAJAD, Precious Metals Bullion & Concentrates Trading (Gold, Silver, PGM). Its NAICS code is 212220 and its SIC code is 1040.