Iamgold
Canadian gold producer operating mines in Burkina Faso and Canada.
Last updated August 27, 2026
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Overview
Iamgold Corporation is a Canadian gold-mining company headquartered in Toronto. Incorporated in 1990 as Iamgold International African Mining Gold Corporation, it was established to pursue mining opportunities in West Africa and initially built its business through partnerships and interests in Malian gold mines. The company became publicly traded on the Toronto Stock Exchange in 1996 and later obtained a New York Stock Exchange listing. Iamgold’s early growth was associated with the Sadiola and Yatela mines in Mali, developed with AngloGold Ashanti. It subsequently expanded through acquisitions, including Repadre Capital in 2002, Gallery Gold and its Mupane mine in Botswana in 2005, and Cambior in 2006. The Cambior transaction transformed Iamgold from a company primarily holding investment and royalty interests into a more substantial mine operator, adding the Rosebel gold mine in Suriname, the Doyon and Mouska properties in Quebec, and the Niobec niobium mine. The company later rationalized its portfolio. It sold its interests in the Tarkwa and Damang mines in Ghana, divested Mupane in Botswana, closed or sold several older Quebec and Peruvian assets, and sold Niobec in 2015. Its continuing gold portfolio came to focus on Essakane in Burkina Faso, Westwood in Quebec, and the developing Côté Gold project in Ontario. Essakane, acquired through the purchase of Orezone Resources, entered commercial production in 2010 and became Iamgold’s largest operating mine. Westwood began commercial production in 2014 using the refurbished Doyon mill. Côté Gold, near Sudbury, Ontario, became the company’s principal growth project. Iamgold acquired the underlying interests through its 2012 purchase of Trelawney Mining and Exploration and later sold a 30 percent interest to Sumitomo Metal Mining to help finance development. Construction began in 2020, and commercial production was achieved on August 2, 2024. The project is operated through a joint venture with Sumitomo. Iamgold also exited Suriname in 2022 by selling its Rosebel assets to Zijin Mining. This transaction supported the company’s effort to concentrate capital and management attention on Essakane, Westwood, and Côté Gold. The company’s business is focused on exploration, mine development, gold production, mineral processing, and related asset management rather than the sale of consumer gold products or bullion under a retail brand. Its identity is that of a mid-tier precious-metals producer, with operations exposed to gold prices, operating costs, security conditions, permitting, labor, capital requirements, and the political environments of its host countries.
History
Iamgold was incorporated in 1990 by Mark Nathanson and William Pugliese to pursue a mining concession in Mali. The company partnered with AngloGold Ashanti in the development of the Sadiola gold mine, which began production in the 1990s, and later participated in the Yatela mine. It raised capital through an initial public offering and joined the Toronto Stock Exchange in 1996; the corporate name was shortened to Iamgold Corporation in 1997. The company expanded through a series of acquisitions and strategic transactions. In 2002 it acquired Repadre Capital in an all-share transaction, obtaining royalty and mine interests including a stake in Gold Fields’ Tarkwa and Damang operations in Ghana. The merger brought Joseph Conway into the leadership of the combined company and increased Iamgold’s attributable production. A proposed combination involving Wheaton River Minerals in 2004 was rejected by Iamgold shareholders after competing bids and litigation delayed the voting process. Iamgold then pursued a more operator-focused strategy. Its 2005 acquisition of Gallery Gold added the Mupane mine in Botswana. The 2006 Cambior acquisition added the Rosebel mine in Suriname, the Niobec niobium operation, and several Quebec gold properties, including Doyon, Mouska, and the property later used for Westwood. These transactions increased production but also left the company with a broad collection of assets that it later streamlined. During the late 2000s, Iamgold closed or sold non-core properties, including the Doyon and Sleeping Giant operations, while retaining and refurbishing the Doyon mill for Westwood. It acquired Orezone Resources and developed the Essakane project in Burkina Faso, which entered commercial production in July 2010. In 2011, Iamgold sold its Ghanaian interests to Gold Fields and Mupane to Galane Gold. The company acquired Trelawney Mining and Exploration in 2012, bringing the Côté Gold deposit into its portfolio. Westwood entered commercial production in 2014. Iamgold sold Niobec to Magris Resources in 2015 and divested additional legacy interests. To help finance Côté Gold, it sold a 30 percent interest in the project to Sumitomo Metal Mining in 2017. The company’s Malian portfolio declined as Yatela ceased mining and Sadiola was sold in 2019. Côté construction began in September 2020 and commercial production was reached in August 2024. In October 2022, Iamgold sold the Rosebel mine and related Surinamese assets to Zijin Mining. The divestiture further concentrated the company on Essakane, Westwood, and Côté Gold. Iamgold remains a publicly listed Canadian gold producer whose performance depends on production reliability, development execution, gold prices, cost control, permitting, security, and relationships with host governments and communities.
- 2024
Côté Gold reaches commercial production
[1]Côté Gold achieved commercial production on August 2, 2024.
- 2022
Rosebel sold
[1]Iamgold sold its Surinamese assets to Zijin Mining.
- 2020
Côté Gold construction begins
[1]Construction started on the Côté Gold mine in Ontario.
- 2015
Niobec divested
[1]Iamgold sold its Niobec niobium mine to Magris Resources.
- 2014
Westwood begins commercial production
[1]Westwood in Quebec began commercial production using the refurbished Doyon mill.
- 2012
Côté Gold acquired
[1]Iamgold acquired Trelawney Mining and Exploration and its Côté Gold project.
- 2010
Essakane begins commercial production
[1]The Essakane gold mine in Burkina Faso entered commercial production.
- 2006
Cambior acquisition
[1]The transaction added Rosebel, Niobec, and several Quebec mining properties.
- 2005
Gallery Gold acquisition
[1]The acquisition added the Mupane gold mine in Botswana.
- 2002
Repadre Capital acquisition
[1]Iamgold acquired Repadre Capital, adding royalty and mine interests in Africa and Canada.
Products and positioning
Mid-tier gold producer focused on operating and developing large-scale mines, with an emphasis on portfolio concentration, mine-life extension, and responsible resource development.
Gold mine · 2010
Essakane gold mine
Essakane is Iamgold’s large open-pit gold operation in Burkina Faso. It is operated through Essakane S.A., in which the Government of Burkina Faso holds a 10 percent interest. The mine uses conventional open-pit mining and heap-leach processing and became commercially productive in 2010 after Iamgold acquired the project from Orezone Resources.
Gold mine · 2014
Westwood gold mine
Westwood is a gold operation in Quebec’s Abitibi region. It was developed on the former Doyon property, with ore processed at the refurbished Doyon mill using carbon-in-pulp technology. Commercial production began in 2014, making Westwood a key component of Iamgold’s Canadian operating portfolio.
Gold mine · 2024
Côté Gold mine
Côté Gold is a large open-pit mine near Sudbury, Ontario, developed by Iamgold with Sumitomo Metal Mining as a 30 percent joint-venture partner. Iamgold obtained the project through its acquisition of Trelawney Mining and Exploration. Construction began in 2020 and commercial production was achieved in 2024.
Controversies
2022
Fire reported at IAMGOLD’s Côté Gold batch plant
IAMGOLD reported that a fire occurred overnight on February 24, 2022, at the concrete batch plant for its Côté Gold project in Ontario. The fire was extinguished, no injuries were reported, and site activities resumed in the early morning. The cause was under investigation and the project team was assessing potential impacts on construction.
Brand decisions
2024
Commission Côté GoldProduct launchBackground
Côté Gold was Iamgold’s principal new mine development after a multiyear construction program.
Action taken
Iamgold and Sumitomo Metal Mining brought Côté Gold into commercial production.
Aftermath
Côté Gold became a central operating asset in Iamgold’s focused Canadian portfolio.
2022
Divest Rosebel and Surinamese assetsM&ABackground
Iamgold was concentrating capital on its Canadian growth project and its remaining core mines.
Action taken
The company sold its Rosebel gold mine and related Surinamese assets to Zijin Mining.
Aftermath
The sale reduced portfolio breadth and provided capital for the Côté Gold development program.
2017
Bring in a partner for Côté Gold developmentStrategyBackground
Côté Gold required substantial development capital and represented a major expansion of Iamgold’s Canadian portfolio.
Action taken
Iamgold sold a 30 percent interest in Côté Gold to Sumitomo Metal Mining while retaining the majority interest.
Aftermath
The transaction helped support project financing and created a joint-venture structure for construction and operation.
Recent events
Reported
Iamgold appoints Peter O’Hagan to its board[4]
Iamgold announced that Peter O’Hagan was appointed to its board of directors, effective immediately.
Reported
Fire reported at IAMGOLD’s Côté Gold batch plant[3]
IAMGOLD reported that a fire occurred overnight on February 24, 2022, at the concrete batch plant for its Côté Gold project in Ontario. The fire was extinguished, no injuries were reported, and site activities resumed in the early morning. The cause was under investigation and the project team was assessing potential impacts on construction.
Reported
Iamgold appoints three independent directors and a new chair[5]
Iamgold appointed three independent directors nominated by RCF Management, and Maryse Belanger became Iamgold’s chairperson with immediate effect, succeeding Richard Hall.
Reported
IAMGOLD appoints Côté Gold executive project director[6]
IAMGOLD announced Jerzy Orzechowski's appointment as Executive Project Director for the Côté Gold construction project, effective immediately.
Reported
IAMGOLD announces CFO appointment[7]
IAMGOLD announced Daniella Dimitrov's appointment as Chief Financial Officer, effective March 29, 2021.
Reported
IAMGOLD announces CFO retirement[7]
IAMGOLD announced that CFO Carol Banducci would retire on March 31, 2021, after a 14-year career with the company.
- Unconfirmed
Reported
IAMGOLD acquired additional INV Metals shares[8]
IAMGOLD, through a wholly owned subsidiary, acquired 4,848,287 INV Metals shares in a private placement, increasing its holding to 53,331,158 shares, or 35.5% of the company.
Reported
Iamgold announces temporary cuts to 437 Westwood mine jobs[9]
Iamgold said it would temporarily cut 437 jobs at its Westwood mine in Quebec, reducing the site's underground workforce by about 70% while operations remained suspended following an October seismic event.
Reported
Iamgold lowers annual production guidance[10]
Iamgold lowered its annual production target to 630,000–680,000 ounces after suspending operations at its Westwood underground mine following an earthquake.
Reported
Calibre agrees to acquire IAMGOLD’s Eastern Borosi interest[11]
Calibre Mining announced that it had agreed to acquire IAMGOLD’s 70% interest in the Eastern Borosi Gold-Silver Property in Nicaragua. Closing is subject to Toronto Stock Exchange approval and other customary conditions.
Sources13 sources
- 1Iamgolden.wikipedia.org
- 2Iamgold official websiteiamgold.com
- 3Fire reported at IAMGOLD’s Côté Gold batch plantfinanznachrichten.de
- 4Iamgold任命Peter O’Hagan为董事会成员mining.com
- 5Iamgold任命三名独立董事及新董事长mining.com
- 6IAMGOLD 任命 Côté Gold 项目执行总监finanznachrichten.de
- 7IAMGOLD宣布任命首席财务官finanznachrichten.de
- 8IAMGOLD增持INV Metals股份finanznachrichten.de
- 9Iamgold宣布临时削减Westwood金矿437个岗位financialpost.com
- 10Iamgold下调全年产量指引northernminer.com
- 11Calibre同意收购IAMGOLD持有的Eastern Borosi权益finanznachrichten.de
- 12Monarch Gold 完成向 IAMGOLD 出售 Fayolle 地产prnewswire.com
- 13Iamgold reports fire at Côté batch plantmining.com
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