IAMGOLD Corp (IAG)

[roadkilll]

Gundlach is known as the bond king and sees serious over valuation in a market that hasnt' seen a normal recession. Sees the anomaly of Gold trending higher despite a strong dollar and say he sees the gold as a sensible place to park money, especially miners. Couldn't be happier with this investment and expect to hold thru 2026.
Yearly update released Jan 14
2024 attributable gold production of 667,000 ounces
2025 Outlook attributable gold production of 735,000 to 820,000 ounces,
2023 attributable gold production of 465,000 ounces
.
Management consistently guides expectations to lower and 800,000 for 2025 look likely. So really strong growth with the low cost Cote and its higher margin production ramping all year.
Presales of gold will be off the books by mid-year so higher margins in back half of 2025

Doing math for 4th Q
2024 attributable gold production of 667,000 ounces
3rd Q 490,000 ounces
production for Q4 = 177,000 ounces or 4,000 more ounces than Q3

The Cote buildout is looking to outperform management forecast
When online in December, the plant averaged 1,593 tph, or effectively 106% of nameplate, 90% was the target for end of year. Still working out bugs so even more upside possible? Full production for Q1 should see significant increase in Cote contribution to bottom line.

Possible dividend coming in second half of 2025? Buyout possible as the majors primary ability to maintain their production is now M&A as new exploitable fields have become a rare thing.