IAMGOLD

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.

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

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

• Gold mining operations
• Gold production
• Precious metals extraction
• Mining exploration
• Mineral resource development

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. 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.
2. 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

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core 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

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability1 record

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Sumitomo Metal Mining Co. Ltd.coreStrategic or Co-development PartnerSumitomo 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.
• NokiacoreTechnology or IntegrationNokia 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 SolutionscoreTechnology or IntegrationAmbra 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.minorStrategic or Co-development PartnerAuriginal 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

Direct 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

• Xx.com/IAMGOLD_Corp
• LinkedInlinkedin.com/company/iamgold-corporation

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries6 records

Funding overview

Funding rounds4 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IAMGOLD