$IAG

IAMGOLD CORP

CIK:0001203464|SEC Filings

CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Profit (loss) [abstract]
Revenues	$ 2,852.8	$ 1,633.0
Cost of sales	(1,646.6)	(1,083.1)
Gross profit (loss)	1,206.2	549.9
General and administrative expenses	(58.4)	(48.9)
Exploration expenses	(27.2)	(21.7)
Impairment reversal (charge), net	(12.2)	455.5
Other income (expenses)	(14.8)	9.2
Earnings (loss) from operations	1,093.6	944.0
Finance costs	(112.2)	(70.8)
Foreign exchange gain (loss)	(0.6)	(1.0)
Gain on sale of Bambouk assets	0.0	34.1
Interest income, derivatives and other investment gains (losses)	(11.0)	70.9
Earnings (loss) before income taxes	969.8	977.2
Income tax expense	(237.5)	(129.4)
Net earnings (loss)	732.3	847.8
Net earnings (loss) attributable to:
Equity holders	664.4	819.6
Non-controlling interests	67.9	28.2
Net earnings (loss)	$ 732.3	$ 847.8
Weighted average number of common shares outstanding attributable to equity holders
Basic (in shares)	575.1	539.8
Diluted (in shares)	581.7	545.9
Earnings (loss) per share from discontinued operations ($ per share)
Basic earnings (loss) per share (in dollars per share)	$ 1.16	$ 1.52
Diluted earnings (loss) per share (in dollars per share)	$ 1.14	$ 1.50

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Operating activities
Net earnings (loss)	$ 732.3	$ 847.8
Adjustments for:
Depreciation expense	420.9	275.0
Impairment (reversal) charge	12.2	(455.5)
Gain on sale of Bambouk assets	0.0	(34.1)
Deferred revenue recognized	(154.3)	(235.7)
Income tax expense	237.5	129.4
Derivative (gain) loss	29.8	(20.4)
Finance costs	112.2	70.8
Other non-cash items	2.0	(60.2)
Adjustments for cash items:
Proceeds from gold prepayment arrangement	0.0	119.3
Proceeds from insurance claim	0.0	27.3
Settlement of derivatives	(2.6)	(2.9)
Disbursements related to asset retirement obligations	(14.1)	(2.9)
Other	0.0	(2.1)
Movements in non-cash working capital items and non-current ore stockpiles	(61.8)	(114.4)
Cash from operating activities, before income taxes paid	1,314.1	541.4
Income taxes paid	(171.5)	(55.4)
Net cash from (used in) operating activities	1,142.6	486.0
Investing activities
Capital expenditures for property, plant and equipment	(293.5)	(558.6)
Capitalized borrowing costs	(34.6)	(77.8)
Acquisitions of Northern Superior and Orbec	(30.8)	0.0
Proceeds from sale of Bambouk assets	0.0	35.5
Other investing activities	(19.4)	18.5
Net cash from (used in) investing activities	(378.3)	(582.4)
Financing activities
Net proceeds from issuance of shares	3.9	287.5
Payment of repurchase option fee	(50.0)	0.0
Dividends paid to non controlling interests	(128.3)	(18.0)
Net funding from (payment to) Sumitomo Metal Mining Co. Ltd.	0.0	(332.5)
Interest paid	(64.6)	(13.8)
Other financing activities	(34.4)	(59.9)
Net cash from (used in) financing activities	(709.4)	83.3
Effects of exchange rate fluctuation on cash and cash equivalents	19.5	(7.0)
Increase (decrease) in cash and cash equivalents - all operations	74.4	(20.1)
Decrease (increase) in cash and cash equivalents - held for sale	0.0	0.5
Increase (decrease) in cash and cash equivalents	74.4	(19.6)
Cash and cash equivalents, beginning of the year	347.5	367.1
Cash and cash equivalents, end of the year	421.9	347.5
Credit facility
Financing activities
Proceeds from credit facility	130.0	280.0
Repayment of second lien term loan	(150.0)	(60.0)
Equipment loans
Financing activities
Repayment of second lien term loan	$ (416.0)	$ 0.0

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 421.9	$ 347.5
Receivables and other current assets	79.6	48.9
Inventories	377.0	271.9
Assets held for sale	25.2	0.0
Current assets	903.7	668.3
Non-current assets
Property, plant and equipment	4,162.8	4,269.4
Exploration and evaluation assets	396.1	79.6
Restricted cash	71.0	68.4
Inventories	194.8	153.0
Other assets	124.1	135.7
Non-current assets	4,948.8	4,706.1
Assets	5,852.5	5,374.4
Current liabilities
Accounts payable and accrued liabilities	329.1	264.8
Income taxes payable	99.6	62.7
Current portion of provisions	5.1	14.5
Current portion of lease liabilities	32.3	28.8
Current portion of long-term debt	1.0	1.0
Current portion of deferred revenue	0.0	151.1
Other current liabilities	50.0	27.7
Current liabilities	517.1	550.6
Non-current liabilities
Deferred income tax liabilities	52.6	14.0
Provisions	308.3	285.1
Lease liabilities	79.7	95.4
Long-term debt	648.8	1,027.9
Other liabilities	0.1	0.7
Non-current liabilities	1,089.5	1,423.1
Liabilities	1,606.6	1,973.7
Equity
Common shares	3,383.8	3,070.6
Contributed surplus	(27.4)	57.6
Retained earnings	872.6	259.4
Accumulated other comprehensive income (loss)	(37.6)	(50.9)
Attributable to equity holders	4,191.4	3,336.7
Non-controlling interests	54.5	64.0
Equity	4,245.9	3,400.7
Commitments
Subsequent events
Liabilities and Equity	$ 5,852.5	$ 5,374.4