IAMGOLD Corporation
About IAMGOLD Corporation
Overview
IAMGOLD Corporation is an intermediate gold mining company with operations spanning three continents. Headquartered in Toronto, Canada, IAMGOLD has been in operation since 1990 and maintains a focus on responsible mining practices and community development. The company is advancing the Côté Gold project, one of the largest gold development projects in Canada.
Operations
IAMGOLD operates the Essakane mine in Burkina Faso (one of West Africa's largest gold mines) and the Westwood mine in Quebec, Canada. Following the sale of Rosebel in Suriname, the company is transitioning to a two-asset portfolio with significant production growth expected from Côté Gold. The company produces approximately 600,000 ounces of gold annually.
Strategy
The company's strategy emphasizes bringing the Côté Gold project into production to transform the company into a low-cost, long-life producer, optimizing existing operations for maximum cash generation, maintaining strong ESG performance and community relationships, and pursuing portfolio optimization through strategic transactions. IAMGOLD focuses on jurisdictions with established mining frameworks and supportive governments.
Key Projects
The Côté Gold project in Ontario represents IAMGOLD's flagship development and one of Canada's largest gold projects with expected annual production of 367,000 ounces over a 17-year mine life. The project is a joint venture with Sumitomo Metal Mining (30% interest). Other initiatives include potential expansions at Essakane and exploration programs in Quebec and West Africa.
Primary Commodities
Financial Metrics
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Quick Facts
- Ticker Symbol
- IAG
- Market Cap
- Small Cap
- Category
- Gold
- Commodities
- Gold
- Headquarters
- Toronto, Canada
- Founded
- 1990
- Employees
- ~5,000
Operating Countries
Producing Assets
- •Essakane (Burkina Faso)
- •Westwood (Canada)
Development Assets
- •Côté Gold (Canada)
- •Gosselin (Canada)
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.