Iamgold Corp (NYSE:IAG) shares are trading lower Tuesday following the release of the company's first-quarter 2025 financial results, which showed a significant miss on sales despite an increase in production.
What To Know: The company reported revenue of $477.1 million, falling short of the $521.08 million expected by analysts. This revenue miss appears to be the primary driver behind the stock's decline, despite earnings per share of 10 cents, which slightly beat consensus estimates of nine cents. Year-over-year, EPS was down from 11 cents in the first quarter of 2024.
Management reaffirmed full-year guidance of 735,000 to 820,000 ounces of gold production and highlighted improvements in cost control and operating cash flow. The company posted a mine-site free cash flow of $139.6 million and ended the quarter with $745.8 million in available liquidity.
Despite solid operational progress and stronger production figures, investors focused on the weaker-than-expected top-line performance, leading to the stock's decline.
The market’s response reflects concerns about pricing, timing of deliveries and broader execution risks, even as Iamgold emphasized a strong outlook for the rest of 2025.
IAG Price Action: IamGold shares were down 5.83% at $6.95 at the time of writing, according to Benzinga Pro.
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