IAMGOLD Boosts Côté Gold Resources Ahead of Q4 2026 Mine Expansion Study
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IAMGOLD ( (TSE:IMG) ) has provided an update.
IAMGOLD reported an updated consolidated mineral resource estimate for the Côté Gold mine on June 1, 2026, integrating the Côté and Gosselin zones into a single block model under NI 43-101 standards. The estimate, effective March 31, 2026, uses a higher gold price assumption of $2,500 per ounce and a lower cut-off grade of 0.25 g/t, better delineating the mineralization, including the saddle area between the deposits.
Measured and Indicated resources on a 100% basis rose about 12% versus December 31, 2025 to 20.3 million ounces of gold, while Inferred resources climbed roughly 61% to 3.5 million ounces, largely driven by model consolidation, added drilling and revised economics. The enlarged resource base will underpin an updated technical report and mine plan due in the fourth quarter of 2026, where IAMGOLD plans to evaluate a plant expansion and larger-scale mining scenario, with potential implications for mine life, production profile and joint-venture value.
The most recent analyst rating on (TSE:IMG) stock is a Buy
with a C$30.00 price target.
To see the full list of analyst forecasts on IAMGOLD stock,
see the TSE:IMG Stock Forecast page.
Spark’s Take on IMG Stock
According to Spark, TipRanks’ AI Analyst, IMG is a Outperform.
The score is driven primarily by strong recent financial performance (high margins, improving leverage, and sharply better free cash flow) and a supportive earnings update (reaffirmed production outlook, strong cash generation, and buybacks/deleveraging). Valuation is also favorable with a low P/E. Offsetting these positives, technical signals are neutral-to-weak (negative MACD and price below key mid-term averages), and the call highlighted cost sensitivity (royalties/energy) plus some operational disruption at Côté.
To see Spark’s full report on IMG stock,
click here.
More about IAMGOLD
IAMGOLD Corporation is a mid-tier Canadian gold mining company listed on the NYSE and TSX, focused on the exploration, development and operation of gold assets. Its flagship Côté Gold mine in Ontario, operated in a 70/30 joint venture with Sumitomo Metal Mining, is a core growth project aimed at large-scale, long-life open-pit production in a Tier 1 jurisdiction.
YTD Price Performance: 10.11%
Average Trading Volume: 1,879,150
Technical Sentiment Signal: Buy
Current Market Cap: C$14.68B
See more insights into IMG stock on TipRanks’ Stock Analysis page.
