IAMGOLD delivered a robust performance in the first quarter of 2026, producing 183,600 ounces of gold and generating significant cash flow as the company continues to benefit from the strong gold price environment.
The Canadian gold miner reported EBITDA of $666 million and mine-site free cash flow of $525 million for the three months ended March 31. The strong results enabled the company to return $260 million to shareholders through its share buyback program and repay $100 million in debt.
IAMGOLD remains on track to meet its full-year 2026 production guidance of 720,000 to 820,000 ounces.
Operationally, both Westwood in Québec and Essakane in Burkina Faso posted year-on-year production increases in the first quarter, driven by higher grades and improved operating efficiencies.
At the Côté Gold mine in Ontario, throughput was temporarily constrained by unplanned conveyor downtime. The issue arose after the installation of an additional secondary cone crusher increased crushed ore volumes, accelerating wear on the conveyor belt. Following repairs, conveyor performance has improved significantly, positioning Côté to achieve its full-year guidance of 270,000 to 310,000 ounces. The company also expects costs at the mine to trend lower as throughput ramps up and the temporary aggregate crushing circuit is phased out.
Looking ahead, IAMGOLD plans to release an updated mineral resource statement for Côté Gold in the second quarter. This will be followed by a comprehensive technical report by year-end, which will outline a larger-scale mining operation incorporating both the Côté and Gosselin zones.
The company also intends to publish technical reports for Westwood, Essakane, and the Nelligan Mining Complex in Québec. Together, these studies are expected to demonstrate significant potential
