# IAMGOLD Reports Third Quarter 2025 Results Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db Original source: https://money.tmx.com/en/quote/IMG/news/5042958293316814/iamgold-reports-third-quarter-2025-results Publisher: tmx Original announcement: 2025-11-04T22:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: IAMGOLD Corporation - Ticker: IMG - Exchange: TSX - Region: Unavailable - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Production, Capital raise, Agreement transaction, Metallurgy, Other, Resource update, Drill results - Extracted: 2026-09-12 07:23:32 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary IAMGOLD reported strong third-quarter 2025 results, with attributable gold production of 190,000 ounces and year-to-date production of 524,000 ounces. The Côté Gold Mine achieved record production, contributing significantly to the company's financial performance, which included $706.7 million in revenues and $292.3 million in mine-site free cash flow. The company also announced a share buyback program and significant debt reduction, while acquiring Northern Superior and Orbec to form the Nelligan Mining Complex, adding substantial gold resources. Reasoning: IAMGOLD reported strong Q3 2025 results driven by record production at Côté Gold and robust financial metrics, alongside strategic debt reduction and acquisitions. However, production challenges at Westwood and Essakane, coupled with rising costs, present headwinds. - Positive factor: Record production at Côté Gold, exceeding expectations and contributing significantly to overall output. - Positive factor: Strong financial performance with increased revenues, EBITDA, and record mine-site free cash flow. - Positive factor: Significant debt reduction, improving the company's financial flexibility and balance sheet strength. - Positive factor: Announcement of a share buyback program, signaling management's confidence in future value. - Positive factor: Strategic acquisitions consolidating the Chibougamau region, creating a large pre-production gold complex with substantial resources. - Positive factor: Updated resource estimates for Nelligan showing significant increases in both Indicated and Inferred ounces and grades. - Positive factor: High-grade drill intercepts reported at Nelligan and Monster Lake, confirming extensions and high-grade zones. - Negative factor: Lower than planned production at Westwood due to lower grades and operational issues. - Negative factor: Production decrease at Essakane due to lower grades and temporary fuel shortages. - Negative factor: Increased operating costs \(cash costs and AISC\) across all operations, driven by higher gold prices \(royalties\) and operational challenges. - Negative factor: Ongoing security concerns and supply chain pressures in Burkina Faso impacting Essakane operations. Facts used in scoring: 107 ## Classification and evidence **Record Production** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Côté Gold produced a record 106,000 ounces in the quarter, marking the second consecutive quarter averaging over 30,000 ounces per month. Evidence · text > Our flagship Côté Gold Mine produced a record 106,000 ounces in the quarter **Debt Reduction** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The company repaid approximately $270 million of its second lien notes, further strengthening its balance sheet and financial flexibility. Evidence · text > repaid approximately $270 million of our second lien notes **Share Buyback** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The company is initiating a share buyback program for up to 10% of outstanding common shares, underscoring confidence in the company's future and commitment to delivering value to shareholders. Evidence · text > initiating a share buyback program for up to 10% of outstanding common shares **Strategic Acquisition** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The company announced acquisitions to consolidate the Chibougamau region in Quebec to create the Nelligan Complex, positioning IAMGOLD as a leading, modern Canadian-focused multi-asset gold mining company. Evidence · text > acquisitions to consolidate the Chibougamau region in Quebec to create the Nelligan Complex **Production Decline** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: Westwood production in the third quarter 2025 was lower by 9,000 ounces or 28% compared with the same prior year period, and is behind plan due to lower than planned grades. Evidence · text > Production in the third quarter 2025 was 23,000 ounces, lower by 9,000 ounces or 28% compared with the same prior year period. **Production Decline** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: Essakane produced 92,000 ounces of attributable production in the third quarter 2025, a decrease of 8,000 ounces or 8%, due to the lower grade compared to the same prior year period. Evidence · text > Essakane produced 92,000 ounces of attributable production in the third quarter 2025, a decrease of 8,000 ounces or 8%, due to the lower grade **Supply Chain Risk** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: Mining activity at Essakane was impacted by a temporary fuel shortage in the country during August 2025, causing the mining fleet to not operate at full capacity. Evidence · text > the mining fleet did not operate at full capacity during August 2025 due to a fuel shortage in the country. **AISC Increase** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: AISC per ounce sold for Westwood was $2,793, higher by $1,176 or 73%, primarily due to higher cash costs, higher sustaining capital and lower production and sales volumes. Evidence · text > AISC per ounce sold of $2,793 was higher by $1,176 or 73% **AISC Increase** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: AISC per ounce sold for Essakane was $1,914, higher by $184 or 11%, primarily due to higher cash costs and lower production and sales volumes, partially offset by a decrease in sustaining capital expenditures. Evidence · text > AISC per ounce sold of $1,914 was higher by $184 or 11% **Category Upgrade** Polarity: positive Story-specific tag Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: The 2025 drilling plan at Gosselin will continue with diamond drilling activities aimed at increasing the confidence in the existing resource and converting a large part of the Inferred Resource to the Indicated Resource category. Evidence · text > converting a large part of the Inferred Resource to the Indicated Resource category. **Tonnage Growth** Polarity: positive Story-specific tag Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: Nelligan's updated Mineral Resources show a 56% increase in Indicated ounces, or 1.1 million ounces, and a 33% increase in Inferred ounces, or 1.3 million ounces. Evidence · text > 56% increase in Indicated ounces, or 1.1 million ounces, with an accompanying 13% increase in grade; as well as a 33% increase in Inferred ounces, or 1.3 million ounces **Grade Improvement** Polarity: positive Story-specific tag Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: Nelligan's updated Mineral Resources show an accompanying 13% increase in grade for Indicated ounces and a similar 14% increase in grade for Inferred ounces. Evidence · text > 13% increase in grade; as well as a 33% increase in Inferred ounces, or 1.3 million ounces, with a similar 14% increase in grade. **Bonanza Intercept** Polarity: positive Story-specific tag Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: Drill hole ML-25-283 at Monster Lake returned 4.9 m at 127.3 g/t Au, which is an exceptionally high-grade intercept. Evidence · text > 4.9 m at 127.3 g/t Au in drill hole ML-25-283 **Step-Out Extension** Polarity: positive Story-specific tag Definition: Mineralization extended beyond the previously known limit. Why it applies: Assay results from the 2025 drilling program at Nelligan confirmed the extension of the mineralized zones of the Nelligan deposit. Evidence · text > assay results confirming the extension of the mineralized zones of Nelligan deposit. **Infill Drilling** Polarity: neutral Story-specific tag Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: An infill drilling program of 20,000 metres is planned on the Côté zone to improve resource confidence and convert Inferred Resources into the Indicated Resources category. Evidence · text > An infill drilling program of 20,000 metres is also planned on the Côté zone ## Extracted facts Stored fact records: 22. Some facts used in scoring do not have a stored record. ## Drill Results (12) ### NE-25-239 [Link to this fact](https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db#fact-drill-facts-95) Nelligan · gold #### Identity - Hole ID: NE-25-239 - Project: Nelligan - Commodity: gold - Region: canada\_qc - Reported Region: canada\_qc - Ticker: IMG #### Geometry - Grade: 1.93 - Grade Unit: g/t - Intercept: 20.6 m #### Classification - Sample Type: drill #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: Drill intercept confirms the extension of mineralized zones at Nelligan with a good grade and width. - Positive factor: Good grade over a significant width, confirming extension of mineralized zones. Evidence · text > 20.6 m at 1.93 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### NE-25-239 [Link to this fact](https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db#fact-drill-facts-96) Nelligan · gold #### Identity - Hole ID: NE-25-239 - Project: Nelligan - Commodity: gold - Region: canada\_qc - Reported Region: canada\_qc - Ticker: IMG #### Geometry - Grade: 2.17 - Grade Unit: g/t - Intercept: 13.5 m #### Classification - Sample Type: drill #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: Drill intercept confirms the extension of mineralized zones at Nelligan with a good grade and width. - Positive factor: Good grade over a significant width, confirming extension of mineralized zones. Evidence · text > 13.5 m at 2.17 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### NE-25-265 [Link to this fact](https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db#fact-drill-facts-97) Nelligan · gold #### Identity - Hole ID: NE-25-265 - Project: Nelligan - Commodity: gold - Region: canada\_qc - Reported Region: canada\_qc - Ticker: IMG #### Geometry - Grade: 3.03 - Grade Unit: g/t - Intercept: 36.5 m #### Classification - Sample Type: drill #### Location - Location: Zone 36 - Loc. Source: document #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: This drill intercept shows a strong grade over a substantial width in Zone 36, confirming significant mineralization. - Positive factor: Strong grade over a significant width, indicating a material intercept in Zone 36. Evidence · text > 36.5 m at 3.03 g/t Au in hole NE-25-265 in Zone 36 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### NE-25-244 [Link to this fact](https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db#fact-drill-facts-98) Nelligan · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: NE-25-244 - Project: Nelligan - Commodity: gold - Region: canada\_qc - Reported Region: canada\_qc - Ticker: IMG #### Geometry - Grade: 3.24 - Grade Unit: g/t - Intercept: 24.5 m #### Classification - Sample Type: drill #### Location - Location: Renard Zone - Loc. Source: document #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-09-15T00:00:00.000Z #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: This drill intercept shows a strong grade over a substantial width in the Renard Zone, confirming significant mineralization. - Positive factor: Strong grade over a significant width, indicating a material intercept in the Renard Zone. Evidence · text > 24.5 m at 3.24 g/t Au in drill hole NE-25-244, and 28.8 m at 1.00 g/t Au in drill hole NE-25-248 in the Renard Zone #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### NE-25-248 [Link to this fact](https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db#fact-drill-facts-99) Nelligan · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: NE-25-248 - Project: Nelligan - Commodity: gold - Region: canada\_qc - Reported Region: canada\_qc - Ticker: IMG #### Geometry - Grade: 1 - Grade Unit: g/t - Intercept: 28.8 m #### Classification - Sample Type: drill #### Location - Location: Renard Zone - Loc. Source: document #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-09-15T00:00:00.000Z #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: This drill intercept shows a good width at a moderate grade in the Renard Zone, confirming mineralization. - Positive factor: Good width at a moderate grade, contributing to the overall mineralization in the Renard Zone. Evidence · text > 28.8 m at 1.00 g/t Au in drill hole NE-25-248 in the Renard Zone #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### NE-25-244 [Link to this fact](https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db#fact-drill-facts-100) Nelligan · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: NE-25-244 - Project: Nelligan - Commodity: gold - Region: canada\_qc - Reported Region: canada\_qc - Ticker: IMG #### Geometry - Grade: 2.23 - Grade Unit: g/t - Intercept: 21 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-09-15T00:00:00.000Z #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: Drill intercept shows a good grade over a significant width, confirming mineralization at Nelligan. - Positive factor: Good grade over a significant width, contributing to the overall mineralization. Evidence · text > 21.0 m at 2.23 g/t Au in drill hole NE-25-244 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### NE-25-256A [Link to this fact](https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db#fact-drill-facts-101) Nelligan · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: NE-25-256A - Project: Nelligan - Commodity: gold - Region: canada\_qc - Reported Region: canada\_qc - Ticker: IMG #### Geometry - Grade: 7.48 - Grade Unit: g/t - Intercept: 7.5 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-09-15T00:00:00.000Z #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: This drill intercept shows a high-grade over a good width, confirming strong mineralization at Nelligan. - Positive factor: High-grade intercept over a good width, indicating strong mineralization. Evidence · text > 7.5 m at 7.48 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### NE-25-256A [Link to this fact](https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db#fact-drill-facts-102) Nelligan · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: NE-25-256A - Project: Nelligan - Commodity: gold - Region: canada\_qc - Reported Region: canada\_qc - Ticker: IMG #### Geometry - Grade: 1.22 - Grade Unit: g/t - Intercept: 34.5 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-09-15T00:00:00.000Z #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: Drill intercept shows a good grade over a significant width, confirming mineralization at Nelligan. - Positive factor: Good grade over a significant width, contributing to the overall mineralization. Evidence · text > 34.5 m at 1.22 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### ML-25-282 [Link to this fact](https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db#fact-drill-facts-103) Monster Lake · gold #### Identity - Hole ID: ML-25-282 - Project: Monster Lake - Commodity: gold - Region: canada\_qc - Reported Region: canada\_qc - Ticker: IMG #### Geometry - Grade: 12.66 - Grade Unit: g/t - Intercept: 3 m #### Classification - Sample Type: drill #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: This drill intercept shows a high-grade result, confirming strong mineralization at Monster Lake. - Positive factor: High-grade intercept, indicating strong mineralization. Evidence · text > 3.0 m at 12.66 g/t Au in drill hole ML-25-282 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### ML-25-292 [Link to this fact](https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db#fact-drill-facts-104) Monster Lake · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: ML-25-292 - Project: Monster Lake - Commodity: gold - Region: canada\_qc - Reported Region: canada\_qc - Ticker: IMG #### Geometry - Grade: 23.4 - Grade Unit: g/t - Intercept: 9 m #### Classification - Sample Type: drill #### Location - Location: Megane Zone - Loc. Source: document #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-09-15T00:00:00.000Z #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: This drill intercept shows a bonanza grade over a significant width in the Megane Zone, confirming exceptional mineralization. - Positive factor: Bonanza grade over a significant width, indicating exceptional mineralization in the Megane Zone. Evidence · text > 9.0 m at 23.4 g/t Au in drill hole ML-25-292 in the Megane Zone #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### ML-25-283 [Link to this fact](https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db#fact-drill-facts-105) Monster Lake · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: ML-25-283 - Project: Monster Lake - Commodity: gold - Region: canada\_qc - Reported Region: canada\_qc - Ticker: IMG #### Geometry - Grade: 127.3 - Grade Unit: g/t - Intercept: 4.9 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-09-15T00:00:00.000Z #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: This drill intercept shows an exceptional bonanza grade over a good width, confirming very high-grade mineralization at Monster Lake. - Positive factor: Exceptional bonanza grade over a good width, indicating very high-grade mineralization. Evidence · text > 4.9 m at 127.3 g/t Au in drill hole ML-25-283 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### ML-25-287 [Link to this fact](https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db#fact-drill-facts-106) Monster Lake · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: ML-25-287 - Project: Monster Lake - Commodity: gold - Region: canada\_qc - Reported Region: canada\_qc - Ticker: IMG #### Geometry - Grade: 39.4 - Grade Unit: g/t - Intercept: 2.2 m #### Classification - Sample Type: drill #### Location - Location: Lower Shear Zone - Loc. Source: document #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-09-15T00:00:00.000Z #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: This drill intercept shows a bonanza grade over a good width in the Lower Shear Zone, confirming very high-grade mineralization. - Positive factor: Bonanza grade over a good width, indicating very high-grade mineralization in the Lower Shear Zone. Evidence · text > 2.2 m at 39.4 g/t Au in drill hole ML-25-287 in the Lower Shear Zone #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## Resource Estimates (4) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db#fact-resource-facts-91) Nelligan Gold Project · gold #### Identity - Project: Nelligan Gold Project - Commodity: gold - Ticker: IMG #### Resource scope - Estimate type: resource - Resource group id: resource:c81a2951d954324abce4 #### Resource Data - Category: indicated - Tonnes: 102800000 - Grade: 0.95 - Grade Unit: g/t - Contained Metal: 3.1 - Contained Unit: moz au #### Prior Estimate - Resource Date: 2025-02-20 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: The Nelligan Gold Project's updated Indicated resource shows a substantial increase in both ounces and grade, significantly de-risking the project. - Positive factor: Significant 56% increase in Indicated ounces, demonstrating improved geological confidence. - Positive factor: Accompanying 13% increase in grade, enhancing the economic viability of the resource. Evidence · text > 3.1 million Indicated gold ounces in 102.8 million tonnes \("Mt"\) at 0.95 grams per tonne gold \("g/t Au"\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db#fact-resource-facts-92) Nelligan Gold Project · gold #### Identity - Project: Nelligan Gold Project - Commodity: gold - Ticker: IMG #### Resource scope - Estimate type: resource - Resource group id: resource:89a2d3511fa6130277c8 #### Resource Data - Category: inferred - Tonnes: 166400000 - Grade: 0.96 - Grade Unit: g/t - Contained Metal: 5.2 - Contained Unit: moz au #### Prior Estimate - Resource Date: 2025-02-20 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: The Nelligan Gold Project's updated Inferred resource shows a substantial increase in ounces and grade, expanding its future growth potential. - Positive factor: Significant 33% increase in Inferred ounces, indicating expanded exploration potential. - Positive factor: Similar 14% increase in grade, enhancing the quality of the Inferred resource. Evidence · text > 5.2 million Inferred ounces \(166.4 Mt at 0.96 g/t Au\) #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db#fact-resource-facts-93) Monster Lake Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Monster Lake Gold Project - Commodity: gold - Ticker: IMG #### Resource scope - Estimate type: resource - Resource group id: resource:dca1464a6ab42dfcfd17 #### Resource Data - Category: indicated - Tonnes: 239000 - Grade: 11 - Grade Unit: g/t - Contained Metal: 84000 - Contained Unit: ounces of gold #### Prior Estimate - Resource Date: 2024-10-23 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-10-23T00:00:00.000Z #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: The Monster Lake Gold Project has a high-grade Indicated resource, contributing to the overall resource base. - Positive factor: High-grade Indicated resource, indicating strong economic potential. Evidence · text > 239,000 tonnes of Indicated Mineral Resources averaging 11.0 g/t Au for 84,000 ounces of gold #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db#fact-resource-facts-94) Monster Lake Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Monster Lake Gold Project - Commodity: gold - Ticker: IMG #### Resource scope - Estimate type: resource - Resource group id: resource:9b3af5f6512c4008db51 #### Resource Data - Category: inferred - Tonnes: 1053000 - Grade: 14.4 - Grade Unit: g/t - Contained Metal: 489000 - Contained Unit: ounces of gold #### Prior Estimate - Resource Date: 2024-10-23 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-10-23T00:00:00.000Z #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: The Monster Lake Gold Project has a high-grade Inferred resource, providing future exploration upside. - Positive factor: High-grade Inferred resource, indicating significant exploration potential. Evidence · text > 1,053,000 tonnes of Inferred Mineral Resources averaging 14.4 g/t Au for 489,000 ounces of gold #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## Metallurgical Results (6) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db#fact-metallurgical-facts-72) Côté Gold · gold #### Identity - Project: Côté Gold - Commodity: gold - Ticker: IMG #### Recovery - Recovery: 94 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: Côté Gold achieved a record 94% recovery in Q3 2025, demonstrating highly efficient processing. - Positive factor: Record high recovery percentage, indicating efficient processing and metal extraction. Evidence · table > 94 Context: Recovery \(%\) ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db#fact-metallurgical-facts-73) Côté Gold · gold #### Identity - Project: Côté Gold - Commodity: gold - Ticker: IMG #### Recovery - Recovery: 93 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: Côté Gold's year-to-date recovery of 93% reflects consistent and efficient processing. - Positive factor: High year-to-date recovery percentage, indicating consistent efficient processing. Evidence · table > 93 Context: Recovery \(%\) ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db#fact-metallurgical-facts-76) Westwood · gold #### Identity - Project: Westwood - Commodity: gold - Ticker: IMG #### Recovery - Recovery: 93 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: Westwood maintained a consistent recovery rate in Q3 2025, indicating stable processing efficiency. - Positive factor: Recovery remained in line with the prior year period, indicating consistent processing efficiency. Evidence · table > 93 Context: Recovery \(%\) ### Fact 4 [Link to this fact](https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db#fact-metallurgical-facts-77) Westwood · gold #### Identity - Project: Westwood - Commodity: gold - Ticker: IMG #### Recovery - Recovery: 92 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: Westwood's year-to-date recovery rate is consistent, reflecting stable processing efficiency. - Positive factor: Year-to-date recovery remained consistent, indicating stable processing efficiency. Evidence · table > 92 Context: Recovery \(%\) ### Fact 5 [Link to this fact](https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db#fact-metallurgical-facts-80) Essakane · gold #### Identity - Project: Essakane - Commodity: gold - Ticker: IMG #### Recovery - Recovery: 92 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: Essakane achieved an improved recovery rate of 92% in Q3 2025, indicating enhanced processing efficiency. - Positive factor: Recovery increased by 4% compared to the prior year period, indicating improved processing efficiency. Evidence · table > 92 Context: Recovery \(%\) ### Fact 6 [Link to this fact](https://atlas-extractions.minestarters.com/news/iamgold-reports-third-quarter-2025-results--e878db5c-d0d8-4420-943a-54a144baf3db#fact-metallurgical-facts-81) Essakane · gold #### Identity - Project: Essakane - Commodity: gold - Ticker: IMG #### Recovery - Recovery: 91 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: Essakane's year-to-date recovery rate improved, reflecting enhanced processing efficiency. - Positive factor: Year-to-date recovery increased compared to the prior year, indicating improved processing efficiency. Evidence · table > 91 Context: Recovery \(%\) ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.