On May 29, IAMGOLD rose 5.07% in regular trading, trading at $17.465/share, with trading volume of approximately $45.13 million. The move was driven by recent broker research reports highlighting the company's strong Q1 performance and constructive outlook.

IAMGOLD reported Q1 revenue of $1.03 billion, up 116% year-over-year, with adjusted net income attributable to shareholders of $391 million, surging 609% YoY, and gross profit of $570.7 million, up 304% YoY. The average realized gold price reached $4,859/oz, up 78% YoY, while sales costs rose a more modest 11% to $1,619/oz, driving significant margin expansion. Operating cash flow came in at $569.9 million, up 667% YoY. Available liquidity stood at $1.097 billion as of quarter-end, improving by $228.3 million from the prior period.

Looking ahead, management guided full-year production of 720,000 to 820,000 ounces, with output expected to ramp progressively as the Côté mine eliminates production bottlenecks and implements operational improvements.

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