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IAMGOLD ( (TSE:IMG) ) has shared an announcement.
IAMGOLD announced its 2024 operating results and 2025 guidance on January 14, 2025, highlighting a significant increase in gold production, reaching 667,000 ounces attributed largely to the successful ramp-up of the Côté Gold mine. The company achieved its updated production guidance from mid-year, with record revenues anticipated from gold sales. Looking forward, IAMGOLD expects production to increase further in 2025, driven by continued momentum at Côté Gold, which aims to achieve nameplate throughput and potentially double its production. This positions IAMGOLD for a strong 2025 as it seeks to become a leading Canadian gold producer, enhancing value for stakeholders and partners.
More about IAMGOLD
IAMGOLD Corporation is a Canadian-based mining company primarily engaged in the exploration, development, and production of gold. The company operates in several locations, with key assets including the Essakane, Westwood, and Côté Gold mines. IAMGOLD focuses on maintaining high production levels and cost efficiency while ramping up new projects like Côté Gold to strengthen its position in the gold mining industry.
YTD Price Performance: -1.97%
Average Trading Volume: 7,884,021
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.25B
For an in-depth examination of IMG stock, go to TipRanks’ Stock Analysis page.
