On May 29, IAMGOLD rose 5.07% in regular trading, trading at $17.465/share, with trading volume of approximately $45.13 million. The move was driven by recent broker research reports highlighting the company's strong Q1 performance and constructive outlook.
IAMGOLD reported Q1 revenue of $1.03 billion, up 116% year-over-year, with adjusted net income attributable to shareholders of $391 million, surging 609% YoY, and gross profit of $570.7 million, up 304% YoY. The average realized gold price reached $4,859/oz, up 78% YoY, while sales costs rose a more modest 11% to $1,619/oz, driving significant margin expansion. Operating cash flow came in at $569.9 million, up 667% YoY. Available liquidity stood at $1.097 billion as of quarter-end, improving by $228.3 million from the prior period.
Looking ahead, management guided full-year production of 720,000 to 820,000 ounces, with output expected to ramp progressively as the Côté mine eliminates production bottlenecks and implements operational improvements.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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