IAG Earnings Prediction
The chart below shows how IAG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IAG sees a +3.62% change in stock price 10 days leading up to the earnings, and a -0.97% change 10 days following the report. On the earnings day itself, the stock moves by -0.13%. This data can give you a slight idea of what to expect for the next quarter's release.
IAG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
428.20M
90.73%
12.92%
Gross Margin
34.98%
5541.94%
-7.31%
Operating Margin
30.90%
450.34%
-6.34%
Net Margin
140.71%
39186.11%
476.92%
EPS
1.03
--
543.75%
No Data Available
IAG Earnings Analysis
IAMGold Corporation Corporation (IAG.N) Earnings Conference Call
Positive
Gold Production Increase: 173,000 attributable gold ounces produced in Q3 2024, up from 109,000 ounces in Q3 2023, showcasing strong year-over-year production growth.
Strong Financial Liquidity: Cash and cash equivalents totaled $553.4 million, with total liquidity of approximately $959.3 million, indicating a robust financial position.
Strong Q3 Net Earnings: Net earnings of $598.1 million in Q3 2024, including a reversal of a previous impairment on Westwood of $462.3 million, reflecting strong operational performance.
Record Adjusted EBITDA Growth: Adjusted EBITDA reached a record $221.7 million for Q3 2024, contributing to a year-to-date total of $565.2 million, driven by high gold prices and production levels.
Positive Free Cash Flow: Cote Gold achieved its first quarter of positive free cash flow with $23.3 million, marking a significant milestone in its ramp-up towards full production.
Negative
Rising Cash Costs: 1. Increased Cash Costs: IAMGOLD reported third-quarter cash costs of $1,223 per ounce and all-in sustaining costs of $1,730 per ounce, reflecting a quarter-over-quarter increase due to lower ounces sold.
Increased Capital Expenditures: 2. Higher Sustaining Capital Expenditures: Sustaining capital expenditure rose to $84.7 million in Q3 2024, up from $50.4 million in the same period last year, indicating increased financial pressure on the company.
Production Guidance Shortfall: 3. Lower Production Guidance: Combined production year-to-date for Essakane and Westwood was 428,000 ounces, which is below the guidance range of 495,000 to 540,000 ounces, suggesting potential operational challenges.
Stockpile Material Impact: 4. Negative Impact from Stockpile Material: Essakane is expected to report lower head grades in Q4 due to increased production of stockpile material, which may negatively affect cash flow and profitability.
Debt Obligation Strain: 5. Debt Repayment Challenges: IAMGOLD has a significant remaining obligation of 100,000 ounces to deliver on its gold prepaid arrangements, which could strain cash flow as they work to meet these commitments.
IAG FAQs
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IAG Earning Call Sentiment
IAMGOLD Corporation (IAG) Q3 2024 Earnings Conference Call Transcript
IAG.N
-1.36%Positive
The earnings call summary presents a mixed outlook. Financial performance appears stable with ongoing debt reduction and payment plans. However, management's lack of clarity on future capital allocation decisions and timelines for dividends or share buybacks creates uncertainty. Additionally, labor inflation and operational challenges related to Cote could impact future financial health. The market cap suggests moderate sensitivity to these factors, leading to a neutral prediction for stock price movement.
