Analyst RatingThe analyst maintains a BUY rating on IAMGOLD and increases the target price to C$13.00 following the company's Q4/24 results and year-end reserve and resource update.
Financial PositionIAMGOLD has reduced net debt from $1.15 billion at Q1/24 to $833 million at year-end, with further deleveraging forecasted to end 2025 with net debt of $389 million.
Production PerformanceIAMGOLD's full-year 2024 total attributable gold production of 667koz achieved company guidance, revised upwardly with Q2 results after strong performance from Westwood and Essakane in the first half of the year.