IAMGOLD (NYSE:IAG) reported record-breaking financial and operating results for 2025, fueled by the successful ramp-up of its flagship Côté Gold mine and a historic rally in gold prices.
The Toronto-based miner posted full-year revenue of $2.85 billion, headlined by a massive $1.09 billion performance in the fourth quarter alone.
The company’s profitability reached new heights as adjusted EBITDA for the year climbed to $1.55 billion, with the fourth quarter contributing $710.1 million—nearly half the annual total.
This financial windfall was driven by attributable production of 765,900 ounces, meeting the midpoint of guidance.
The Côté Gold operation in Ontario, which reached full nameplate capacity during the year, was the primary engine of growth, producing record attributable quarterly output of 87,200 ounces in Q4.
With its balance sheet transformed by record cash flows, IAMGOLD has pivoted from debt reduction to shareholder returns.
The company slashed its net debt to $344.4 million by year-end and launched an aggressive share buyback program.
Since December 2025, the firm has repurchased approximately $100 million in shares, with management signaling that buybacks will remain a key pillar of its 2026 strategy, funded primarily by cash flows from its Essakane mine.