IAMGOLD (NYSE:IAG) reported second-quarter gold production of 188,100 ounces, bringing first-half output to 371,700 ounces. The company remains on track to meet its 2026 production guidance of 720,000 to 820,000 ounces. In the first half, IAMGOLD generated nearly $900 million in mine-site free cash flow, funding $115.6 million in capital expenditures and repurchasing $147.9 million in shares.
During the second quarter, IAMGOLD achieved revenue of $856.9 million from the sale of 195,100 ounces at an average price of $4,384 per ounce. Adjusted net earnings reached $241.6 million, or $0.42 per share. The company ended June with $501.4 million in cash and no borrowings on its revolving facility, while mine-site free cash flow totaled $368.9 million for the quarter and $893.5 million year-to-date.
Production from the Essakane mine rose 15% year-over-year to 88,400 ounces, generating $162.1 million in mine-site free cash flow. The Côté Gold mine produced 96,200 ounces, with cash costs excluding royalties at $1,245 per ounce. IAMGOLD plans a technical report for Côté by the end of 2026, and is advancing the Nelligan mining complex, which contains 4.3 million ounces of indicated resources.
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