IAMGold Corporation
IAMGOLD Corporation, through its subsidiaries, operates as a gold producer and developer in Canada and Burkina Faso. The company owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and 90% interests in the Essakane project that covers a… Read more
IAMGold Corporation (IAG) - Net Assets
Latest net assets as of September 2025: $3.58 Billion USD
Based on the latest financial reports, IAMGold Corporation (IAG) has net assets worth $3.58 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.38 Billion) and total liabilities ($1.79 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.58 Billion |
| % of Total Assets | 66.62% |
| Annual Growth Rate | 16.25% |
| 5-Year Change | 33.6% |
| 10-Year Change | 75.48% |
| Growth Volatility | 67.96 |
IAMGold Corporation - Net Assets Trend (1996–2024)
This chart illustrates how IAMGold Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for IAMGold Corporation (1996–2024)
The table below shows the annual net assets of IAMGold Corporation from 1996 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $3.40 Billion | +50.20% |
| 2023-12-31 | $2.26 Billion | +2.60% |
| 2022-12-31 | $2.21 Billion | -4.63% |
| 2021-12-31 | $2.31 Billion | -9.10% |
| 2020-12-31 | $2.55 Billion | +5.24% |
| 2019-12-31 | $2.42 Billion | -13.39% |
| 2018-12-31 | $2.79 Billion | -1.90% |
| 2017-12-31 | $2.85 Billion | +25.35% |
| 2016-12-31 | $2.27 Billion | +17.19% |
| 2015-12-31 | $1.94 Billion | -27.25% |
| 2014-12-31 | $2.66 Billion | -7.27% |
| 2013-12-31 | $2.87 Billion | -24.50% |
| 2012-12-31 | $3.80 Billion | +7.82% |
| 2011-12-31 | $3.53 Billion | +24.53% |
| 2010-12-31 | $2.83 Billion | +16.15% |
| 2009-12-31 | $2.44 Billion | +46.09% |
| 2008-12-31 | $1.67 Billion | -5.11% |
| 2007-12-31 | $1.76 Billion | -0.97% |
| 2006-12-31 | $1.78 Billion | +332.37% |
| 2005-12-31 | $411.00 Million | +4.92% |
| 2004-12-31 | $391.74 Million | +1.46% |
| 2003-12-31 | $386.10 Million | +154.01% |
| 2002-12-31 | $152.01 Million | +19.24% |
| 2001-12-31 | $127.47 Million | +7.76% |
| 2000-12-31 | $118.30 Million | +12.37% |
| 1999-12-31 | $105.27 Million | +14.68% |
| 1998-12-31 | $91.80 Million | +69.11% |
| 1997-12-31 | $54.28 Million | +8.14% |
| 1996-12-31 | $50.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to IAMGold Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 27530660300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $259.40 Million | 7.77% |
| Common Stock | $3.07 Billion | 92.03% |
| Other Comprehensive Income | $-50.90 Million | -1.53% |
| Other Components | $57.60 Million | 1.73% |
| Total Equity | $3.34 Billion | 100.00% |
IAMGold Corporation Competitors by Market Cap
The table below lists competitors of IAMGold Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pinnacle West Capital Corp
NYSE:PNW
|
$11.14 Billion |
|
Joint Stock Commercial Bank for Investment and Development of Vietnam
VN:BID
|
$11.18 Billion |
|
Grasim Industries Limited
NSE:GRASIM
|
$11.20 Billion |
|
United States Steel Corporation
NYSE:X
|
$11.20 Billion |
|
ZTE Corp-H
PINK:ZTCOF
|
$11.14 Billion |
|
Gfl Environmental Holdings Inc
NYSE:GFL
|
$11.12 Billion |
|
Swiss Re Ltd
PINK:SSREY
|
$11.08 Billion |
|
Postal Savings Bank of China Co. Ltd
PINK:PSBKF
|
$11.06 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IAMGold Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,206,000,000 to 3,336,700,000, a change of 1,130,700,000 (51.3%).
- Net income of 819,600,000 contributed positively to equity growth.
- Share repurchases of 31,129,952 reduced equity.
- New share issuances of 293,400,000 increased equity.
- Other comprehensive income decreased equity by 3,900,000.
- Other factors increased equity by 52,729,952.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $819.60 Million | +24.56% |
| Share Repurchases | $31.13 Million | -0.93% |
| Share Issuances | $293.40 Million | +8.79% |
| Other Comprehensive Income | $-3.90 Million | -0.12% |
| Other Changes | $52.73 Million | +1.58% |
| Total Change | $- | 51.26% |
Book Value vs Market Value Analysis
This analysis compares IAMGold Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.17x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 26.09x to 3.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $0.74 | $19.40 | x |
| 1997-12-31 | $0.90 | $19.40 | x |
| 1998-12-31 | $1.36 | $19.40 | x |
| 1999-12-31 | $1.40 | $19.40 | x |
| 2000-12-31 | $1.63 | $19.40 | x |
| 2001-12-31 | $1.75 | $19.40 | x |
| 2002-12-31 | $1.68 | $19.40 | x |
| 2003-12-31 | $2.70 | $19.40 | x |
| 2004-12-31 | $2.69 | $19.40 | x |
| 2005-12-31 | $2.78 | $19.40 | x |
| 2006-12-31 | $9.45 | $19.40 | x |
| 2007-12-31 | $5.97 | $19.40 | x |
| 2008-12-31 | $5.60 | $19.40 | x |
| 2009-12-31 | $6.81 | $19.40 | x |
| 2010-12-31 | $7.44 | $19.40 | x |
| 2011-12-31 | $9.23 | $19.40 | x |
| 2012-12-31 | $9.89 | $19.40 | x |
| 2013-12-31 | $7.52 | $19.40 | x |
| 2014-12-31 | $6.95 | $19.40 | x |
| 2015-12-31 | $4.86 | $19.40 | x |
| 2016-12-31 | $5.24 | $19.40 | x |
| 2017-12-31 | $5.97 | $19.40 | x |
| 2018-12-31 | $5.86 | $19.40 | x |
| 2019-12-31 | $5.01 | $19.40 | x |
| 2020-12-31 | $5.14 | $19.40 | x |
| 2021-12-31 | $4.69 | $19.40 | x |
| 2022-12-31 | $4.45 | $19.40 | x |
| 2023-12-31 | $4.55 | $19.40 | x |
| 2024-12-31 | $6.11 | $19.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IAMGold Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.56%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 50.19%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.61x
- Recent ROE (24.56%) is above the historical average (1.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | -7.85% | -5400.01% | 0.00x | 3.05x | $-8.96 Million |
| 1997 | 4.64% | 5.08% | 0.30x | 3.02x | $-2.91 Million |
| 1998 | 9.57% | 14.58% | 0.32x | 2.05x | $-394.08K |
| 1999 | 12.54% | 20.78% | 0.36x | 1.67x | $2.68 Million |
| 2000 | 9.19% | 18.75% | 0.33x | 1.49x | $-955.79K |
| 2001 | 8.59% | 13.41% | 0.46x | 1.39x | $-1.80 Million |
| 2002 | 3.64% | 6.16% | 0.47x | 1.25x | $-9.67 Million |
| 2003 | 3.90% | 14.87% | 0.22x | 1.17x | $-23.57 Million |
| 2004 | 2.96% | 9.53% | 0.27x | 1.14x | $-27.57 Million |
| 2005 | 4.99% | 15.79% | 0.28x | 1.14x | $-20.61 Million |
| 2006 | 4.09% | 23.89% | 0.13x | 1.28x | $-104.85 Million |
| 2007 | -2.40% | -6.20% | 0.31x | 1.25x | $-217.19 Million |
| 2008 | -0.60% | -1.14% | 0.40x | 1.30x | $-175.48 Million |
| 2009 | 4.72% | 12.48% | 0.31x | 1.24x | $-127.54 Million |
| 2010 | 10.08% | 23.97% | 0.33x | 1.26x | $2.21 Million |
| 2011 | 23.22% | 48.21% | 0.38x | 1.25x | $459.21 Million |
| 2012 | 8.98% | 20.04% | 0.31x | 1.44x | $-38.11 Million |
| 2013 | -29.40% | -72.57% | 0.27x | 1.48x | $-1.12 Billion |
| 2014 | -7.90% | -20.52% | 0.24x | 1.61x | $-468.65 Million |
| 2015 | -39.84% | -82.37% | 0.28x | 1.72x | $-944.88 Million |
| 2016 | 2.37% | 5.33% | 0.29x | 1.53x | $-169.57 Million |
| 2017 | 17.97% | 45.81% | 0.28x | 1.42x | $222.44 Million |
| 2018 | -1.03% | -2.54% | 0.28x | 1.45x | $-301.46 Million |
| 2019 | -17.59% | -38.73% | 0.28x | 1.65x | $-647.21 Million |
| 2020 | 1.73% | 3.43% | 0.29x | 1.73x | $-203.22 Million |
| 2021 | -11.37% | -29.06% | 0.21x | 1.88x | $-478.08 Million |
| 2022 | -3.29% | -7.31% | 0.22x | 2.08x | $-283.18 Million |
| 2023 | 4.27% | 9.55% | 0.22x | 2.06x | $-126.30 Million |
| 2024 | 24.56% | 50.19% | 0.30x | 1.61x | $485.93 Million |
Industry Comparison
This section compares IAMGold Corporation's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IAMGold Corporation (IAG) | $3.58 Billion | -7.85% | 0.50x | $11.14 Billion |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |