IAMGOLD (IAG) Soars 11% Ahead of Earnings

We recently published 10 Big Names With Effortless Double-Digit Gains. IAMGOLD Corp. (NYSE:IAG) was one of the best performers on Monday.

IAMGOLD grew its share prices by 11.30 percent on Monday to close at $21.28 apiece as investors positioned their portfolios ahead of the release of its earnings performance for the fourth quarter and full-year 2025.

According to the company, it is scheduled to announce its financial and operating highlights after market close on Tuesday, February 17.

IAMGOLD Corp. (NYSE:IAG) is targeting to report record-breaking revenues for the period, expecting to register final sales of 817,800 ounces.

Meanwhile, attributable gold production stood at 765,900 ounces, achieving the midpoint of its 2025 guidance, thanks to strong operations at its mining sites, including the Cote Gold, which hit the upper end of its targets.

Pixabay/Public Domain

Gold sales in the fourth quarter alone reached 259,000 ounces at an average price of $4,190 per ounce.

The upbeat preliminary results were supported by a marked 65 percent jump in spot prices of gold during the year, as investors sought safety in precious metals while other US markets got beaten by a combination of geopolitical tensions, trade uncertainties, and interest rate decisions.

For this year, IAMGOLD Corp. (NYSE:IAG) is gunning for attributable gold production of 720,000 to 820,000 ounces, as Cote Gold focuses on hitting nameplate operating rates.

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Disclosure: None. This article is originally published at Insider Monkey.