# IAMGOLD Corporation (IAG) — Stock CV

IAMGOLD Corporation is a $10.8B materials company. Revenue grew 74.7% over the last year, it keeps 23¢ of every dollar of sales as profit, and its net debt equals ~0.0 years of free cash flow. It trades at 9.1× earnings.

> Iamgold Corp is a mid-tier gold mining company. The company operating gold mines are divided into geographic segments such as Cote Gold mine - Canada, Burkina Faso - Essakane mine, Westwood mine - Canada.

## Identity

- **Ticker**: IAG
- **Sector**: Basic Materials
- **Industry**: Gold
- **Employees**: 4 596
- **Website**: https://www.iamgold.com
- **Market cap**: $10.8B
- **Last price**: $18.99
- **Financial profile**: Strong

## Vitals (FY2025)

- **Revenue**: $2.85B
- **Net income**: $664M
- **Free cash flow**: $1.58B
- **Net debt**: $37.4M
- **P/E**: 9.1
- **Revenue growth (YoY)**: 74.7%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 82 |
| Growth | 25 |
| Profitability | 87 |
| Health | 81 |
| Quality | 78 |
| Moat | 11 |

## Qualifications (beginner checklist) — 8 of 10 passed

- [x] Revenue growing — +74.7% YoY
- [x] Profitable — $664M FY2025
- [x] Profit growing — +66.6% YoY
- [x] Generates cash — $1.58B FY2025
- [x] Debt under control — ~0.0y of cash flow to repay
- [x] Established company — $10.8B market cap
- [ ] Not printing shares — +19.9% shares over ~5y
- [ ] Proven track record — 3/5 profitable years
- [x] Financially stable — Altman Z 5.8 — safe
- [x] Valuation not extreme — P/E 9.1

## Experience (career milestones)

- **FY2024** — Revenue crossed $1B: $1.63B for the year
- **FY2024** — Best year on record: $820M net income
- **FY2023** — Turned profitable: $94.3M net income after a loss year
- **2017** — While the sales also helped finance the expansion of Essakane and the development of the Westwood mine, production…
- **2012** — The company involvement in the Côté Gold mine began in 2012 when it acquired Trelawney Mining and Exploration which…
- **2011** — Its 100% interest in the mine was sold in 2011 to Galane Gold, though Iamgold retained 48% interest in Galane until…
- **2009** — It was acquired by Iamgold in 2009 from Orezone Resources who had conducted exploration and development activities
- **2006** — Acquisition…
- **2004** — After moving its headquarters from Markham to Toronto, the directors and CEOs of Iamgold and Wheaton River Minerals Ltd
- **2002** — Additional shares were issued in 2002 and they company became listed on the American Stock Exchange
- **2002** — Also in late-2002, in a $218 million in all-stock deal, Iamgold acquired royalty company Repadre Capital Corp
- **2001** — With the success of developing the Sadiola Gold Mine, Iamgold and AngloGold Ashanti developed a second mine, the…
- **1990** — Headquartered in Toronto, the company was incorporated in 1990

## Strengths

- High gross margin (50.3%)
- Strongly profitable — 23.3% net margin
- Revenue growing 74.7% year over year
- Strong cash conversion — FCF is 55.4% of revenue
- Could repay net debt from ~0.0 years of free cash flow

## Watch-outs

- Loss-making in 2 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $876M | -$254M | -$374M |
| FY2022 | $959M | -$70.1M | -$816M |
| FY2023 | $987M | $94.3M | -$151M |
| FY2024 | $1.63B | $820M | $806M |
| FY2025 | $2.85B | $664M | $1.58B |

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Source: https://stockcv.com/IAG — derived from company filings; may be delayed or incomplete. Information, not investment advice.