IAMGOLD (IAG) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, February 18, 2026 astatine 10:26 AM CST 38 min read

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Wednesday, February 18, 2026 astatine 8:30 a.m. ET

• President and Chief Executive Officer — Renaud Adams

• Chief Financial Officer — Marthinus Theunissen

• Chief Operating Officer — Bruno Lemelin

• Vice President, Investor Relations — Graeme Jennings

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Renaud Adams: Thank you, Graeme, and bully morning, everyone, and convey you for joining america today. Last twelvemonth was a monumental twelvemonth for IAMGOLD. It is simply a twelvemonth successful which the institution reported grounds revenues of astir $3 cardinal enjoying gross borderline of implicit 40% and generating operating currency travel of implicit $1 billion, which is notable $702 cardinal generated successful the 4th fourth alone. Now everyone connected this telephone is alert that this is simply a historical clip successful the golden market, arsenic the golden terms accrued astir $1,700 per ounce implicit 2025 and exiting the twelvemonth astatine conscionable implicit $4,300 an ounce, which is inactive much than $600 an ounce little than wherever we are today.

So portion we're not on successful realizing the golden market, we judge IAMGOLD is peculiarly good positioned to capitalize connected this marketplace for the payment of our shareholders, stakeholders and partners. In 2025, IAMGOLD achieved important milestones, including grounds quarterly productions crossed each sites. The archetypal afloat twelvemonth of accumulation astatine Côté Gold, the constitution of a model astatine Essakane that enables currency movements to beryllium made astatine immoderate clip of the year, and the consolidation of assets successful Chibougamau-Chapais, Quebec, to presumption the Nelligan mining analyzable arsenic among the largest preproductions plus successful Canada.

On the fiscal side, we closed retired the bequest golden prepaid work midyear, present the equilibrium expanse done the repayment of the $400 cardinal precocious outgo word indebtedness and established a stock buyback programme that pursuit $50 cardinal successful IAMGOLD shares successful December and an further $50 cardinal truthful acold successful 2026, and we volition proceed to bash so, driving up our per stock valuations, each things being equal. This is simply a institution that is taking a enactment presumption successful the industry. IAMGOLD is simply a modern golden mining institution that is proudly Canadian with beardown currency travel and important semipermanent maturation opportunities ahead. We excavation with the mining redefined intent successful mind, putting information work and radical first.

We clasp ourselves accountable and clasp change, and thrust innovations astatine each level from smarter systems to amended ways of working. Now determination are galore highlights to sermon for IAMGOLD today. So let's get into it. Looking astatine the highlights from the twelvemonth and the 4th quarter, we commencement with our information record. Over the people of the year, our full recordable wounded rates was 0.60, which was down from the twelvemonth prior. We are focused connected advancing our captious hazard absorption program, including an important integration of contractor into the IAMGOLD mode of information absorption with a extremity to trim precocious imaginable incidents.