IAMGOLD (NYSE: IAG) (TSX: IMG) shares fell on Friday after the company reported a decrease in net earnings in the second quarter compared to a year ago despite benefiting from rising gold prices.
During the three months to June 30, 2025, the Canadian gold miner saw a 4% increase in production to 173,000 oz. over last year, which, combined with higher gold prices, propelled its revenue to $580.9 million, a more than 50% increase.
However, its adjusted net income attributable to shareholders fell by 7% to $77.3 million, resulting in a lower earnings per share of $0.13 compared to $0.16 in Q2 2024.
The declines are connected to higher costs incurred across its operations. For the quarter, IAMGOLD’s cash costs for its gold production were $1,556/oz., versus $1,071/oz. last year. All-in sustaining costs (AISC) also rose to $2,041/oz., compare to $1,617/oz. in 2024.
Citing market conditions as well as…
