New York, Jan 21, 2026, 08:47 EST — Premarket
- IAMGOLD shares jump sharply in U.S. premarket, fueled by gold prices holding close to record highs.
- The miner released preliminary operating results for 2025 and outlined production, cost, and spending ranges for 2026.
- Investors are gearing up for the company’s full-year financial results set for next month.
Shares of IAMGOLD Corp surged in premarket trading Wednesday, pushing the rally in gold miners further. The U.S.-listed stock climbed roughly 15.6% to $19.83, up from a previous close around $17.16.
The rally unfolds with bullion hovering close to record highs, which often magnifies shifts in producers heavily leveraged to gold prices. Gold recently touched a new high around $4,865 an ounce, according to Investopedia. 1
The reason this matters now is straightforward: investors want ounces delivered at predictable costs and have little tolerance for mines missing their targets. IAMGOLD’s Côté Gold mine sits at the heart of this debate, as it underpins the company’s growth strategy and its capital spending plans.
IAMGOLD reported preliminary attributable gold production for 2025 at 765,900 ounces, boosted by record output in the fourth quarter. Looking ahead, the company projects 2026 attributable production between 720,000 and 820,000 ounces. Cash costs including royalties are expected to range from $1,425 to $1,575 per ounce sold. Sustaining capital expenditures are set around $380 million, with expansion capital near $120 million. CEO Renaud Adams described 2026 as “a very exciting year for IAMGOLD.” 2
IAMGOLD shares climbed 4.3% in Toronto on Tuesday, finishing at C$27.42. 3
Key jargon shows up in the cost lines. “Cash costs” cover direct mining and processing expenses per ounce. AISC — all-in sustaining costs — goes further, including sustaining capital and other ongoing costs to keep the mine running.
Risks cut both ways in the gold trade. The company’s 2026 cost forecast factors in steep royalties that climb alongside gold prices. Any slip in grades or plant efficiency could drive costs up quicker than production grows.
Investors will be weighing IAMGOLD’s cost bands and spending plans against those of bigger players like Barrick and Newmont, particularly as miners face volatile labor, fuel, and equipment expenses.
The next big event: IAMGOLD will report its fourth-quarter and full-year 2025 earnings after the market closes on Feb. 17. A conference call is lined up for Feb. 18 at 8:30 a.m. ET. 4
