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Rank #23 · NYSE:IAG
Mid-Tier Producer · Primary: Gold
Canada · Jurisdictions: Canada, Burkina Faso, Suriname
Canonical listing price
$18.80
+2.17%(+0.40 USD)
Updated 10/9/2026, 1:30:00 PM
Price data: Twelve Data
Gold · Mid-Tier Producer
vs Gold
1M -2.5 pp·3M +31.8 pp
vs GDX
1M +0.6 pp·3M +5.2 pp
1M vs Gold Miners group: +0.7 pp
Jurisdiction: Canada, Burkina Faso, Suriname · Market cap rank-only (licensing)
Close-based returns and relative performance in percentage points vs mapped metal/ETF. Not a buy/sell signal or price target.
Next report
Reporting calendar →FY2026 · Expected window 2028-02-14 → 2028-02-28
Expected window 2028-02-14 → 2028-02-28 (FY2026).
Valuation
Current market multiples relative to reported TTM financials. Peer context uses the Mining 50 Gold · Mid-Tier Producer group. Not fair value, price targets, or investment advice.
Historical Valuation
Point-in-time multiples at annual filing dates using prices and financials publicly available as of each date. Percentiles and medians use available history only — descriptive context, not fair value or investment advice.
P/FCF
EV/FCF
Historical chart
Each point is a filing-date snapshot — not a continuous daily valuation series.
Filing-date periodic snapshots · 5 observations · price source: Twelve Data
MINING50-HISTORICAL-VALUATION-1.0 · filing-date periodic
Balance Sheet & Capital Allocation
Annual FY trends from certified filing data. Descriptive direction and magnitude only — not a quality score or investment recommendation.
Cash
$421.90M
+$74.40M YoY (+21.4%)
Debt
$648.80M
$-379.10M YoY (-36.9%)
Net Debt
Net Debt: $226.90M
$-453.50M YoY (-66.7%)
Share Count
591.1M
+19.8M shares YoY (+3.5%)
3-year share count change: +23.4% over 3 years
Capex / Revenue
10.3%
Prior year: 34.2%
FCF Conversion
74.3%
Prior year: -14.9%
FCF (FY)
$849.10M
+$921.70M YoY (+1269.6%)
Debt Reduction
Total debt declined $379.10M (-36.9%) versus the prior year.
2024-12-31 → 2025-12-31
Cash Build
Cash increased $74.40M (+21.4%) versus the prior year.
2024-12-31 → 2025-12-31
Lower Capex
Capital expenditures decreased from $558.60M to $293.50M.
2024-12-31 → 2025-12-31
Operating Performance
Annual FY revenue, cash flow, capex, and margins from certified filing data. Descriptive trends only — not a quality score or investment recommendation.
Revenue
$2.85B
+$1.22B YoY (+74.7%)
Operating Cash Flow
$1.14B
+$656.60M YoY (+135.1%)
Free Cash Flow
$849.10M
Free cash flow moved from $-72.60M to $849.10M.
Capex
$293.50M
$-265.10M YoY (-47.5%)
3-year revenue change: +197.5% over 3 years
OCF Margin
40.1%
Prior year: 29.8%
Change: +10.3 pp
FCF Margin
29.8%
Prior year: -4.4%
Change: +34.2 pp
Capex / Revenue
10.3%
Prior year: 34.2%
Revenue Increase
Revenue increased 74.7% versus the prior comparable period.
2024-12-31 → 2025-12-31
Operating Cash Flow Increase
Operating cash flow increased $656.60M (+135.1%) versus the prior comparable period.
2024-12-31 → 2025-12-31
Free Cash Flow Turned Positive
Free cash flow moved from $-72.60M to $849.10M.
2024-12-31 → 2025-12-31
Lower Capital Spending
Capital expenditures decreased from $558.60M to $293.50M.
2024-12-31 → 2025-12-31
OCF Margin Increase
Operating cash flow margin moved from 29.8% to 40.1% (+10.3 pp).
2024-12-31 → 2025-12-31
Fundamental Changes
Deterministic changes from certified financial metrics. Descriptive only — not a quality score or investment recommendation.
Latest filing period: 9 material changes · 23 operating · 11 balance-sheet · 6 capital-allocation
FY2025 · Filed Feb 18, 2026
Debt Reduction
Total debt declined $379.10M (-36.9%) versus the prior year.
Official filing sourceCash Build
Cash increased $74.40M (+21.4%) versus the prior year.
Official filing sourceRevenue Increase
Revenue increased 74.7% versus the prior comparable period.
Official filing sourceOperating Cash Flow Increase
Operating cash flow increased $656.60M (+135.1%) versus the prior comparable period.
Official filing sourceFree Cash Flow Turned Positive
Free cash flow moved from $-72.60M to $849.10M.
Official filing sourceOCF Margin Increase
Operating cash flow margin moved from 29.8% to 40.1% (+10.3 pp).
Official filing sourceFCF Margin Increase
Free cash flow margin moved from -4.4% to 29.8% (+34.2 pp).
Official filing sourceNet Debt Reduction
Net debt declined from $680.40M to $226.90M (-66.7%).
Official filing sourceModules: mtf-trend, momentum, relative-strength · Last calculated: 10/12/2026, 10:40:03 AM
Price data provided by Twelve Data. Charts provided by TradingView. Grey Rabbit Scores and analysis are proprietary to Grey Rabbit Markets.
Gold · Mid-Tier Producer · factual only
| Company | Market Cap | Production | AISC | Net Debt / Cash |
|---|---|---|---|---|
| IAMGOLD Corporation(IAG) | $11.11B | 770.0 koz | $1,900/oz | $227.90M |
| Alamos Gold Inc.(AGI) | — | 610.0 koz | $1,524/oz | $423.00M |
| Aris Mining Corporation(ARIS) | — | 325.0 koz | $1,705/oz | $127.59M |
| B2Gold Corp.(BTG) | — | 895.0 koz | $1,584/oz | $217.90M |
| Centerra Gold Inc.(CGAU) | — | 265.0 koz | $1,614/oz | $529.00M |
| DRDGOLD Limited(DRD) | — | 145.0 koz | $1,716/oz | $72.00M |
| Eldorado Gold Corporation(EGO) | — | 540.0 koz | $1,664/oz | $405.70M |
Sorted by market cap then name — not a ranking. Comparable curated fields only.
Multi-period filing history is available on Pro. Latest TTM P&L above is public.
Derived: eligible price × ADR-aware shares · IAMGOLD Corporation · Derived: Debt − Cash · Through 2026-01-19 · Coverage 7/8 key fields · not live filing scrape · Filing-backed TTM P&L from SEC companyfacts (cached — not live scrape)
Periods: YE 2025 Form 40-F cover shares outstanding · YE 2025 · FY 2026 Guidance (attributable) · FY 2025 consolidated AISC / oz sold · YE 2025 attributable P&P (7.502 Moz; 100% basis 9.865 Moz not used) · 2025-12-31
MINING50-MARKETCAP-1.0 · MINING50-NETDEBT-1.0 · MINING50-TTM-1.0 · MINING50-FCF-1.0 · MINING50-FCF-MARGIN-1.0
Grey Rabbit Markets provides independent market research and educational content. Nothing on this website constitutes investment, legal, tax, or financial advice. Past performance does not guarantee future results.