IAMGOLD posts strong Q3 with solid cash flow; $525M royalty buyback to boost future earnings

IAMGOLD reported strong third-quarter results with robust cash flow and a net cash position, reinforcing a buy rating. The company plans a $525 million royalty buyback on the Côté project from Franco-Nevada, expected to significantly increase future cash flow and mine earnings. Despite recent share price gains, IAMGOLD trades at undervalued multiples below 5x forward EBITDA. Key risks include high sustaining costs, execution challenges at Côté, and geopolitical risks at Essakane, though the overall risk profile has improved.

Iamgold's recent strategic moves coincide with its shares trading positively on Pluang, where IAG is priced at USD 18.71 as of Nov 11, 2026, 20:42 WIB. The stock has gained 1.03% in the last day and shows strong investor interest with 100% buy orders. Despite this rise, the price remains well below its 52-week high of USD 24.57, reflecting ongoing market caution.