IAMGOLD Reports Strong Q3 2026 Results Driven by High Gold Prices
IAMGOLD (IAG) reported robust third-quarter 2026 financial results, highlighted by an adjusted EBITDA of $503.9 million, a significant increase from the $359.5 million recorded in the prior year period. The company's revenue reached $856.5 million, supported by the sale of 199,900 ounces of gold at an average realized price of $4,277 per ounce. Adjusted net earnings stood at $232.1 million, or $0.42 per share. Operational performance was bolstered by strong production from Essakane and the Cote mine, which exceeded nameplate capacity in September. The company maintains a healthy liquidity position of $1.6 billion and continues to prioritize shareholder returns, having utilized $134.7 million for share buybacks this quarter. Looking ahead, IAMGOLD plans to repurchase 50% of its gross margin royalty on the Cote asset in December 2026 to reduce future cash costs.
Topics: adjusted EBITDA free cash flow gold production revenue share buybacks