IAMGOLD Corporation (IAG) shares hit a 52-week high of $18.07 before closing at $17.80, marking a 220.1% increase over the past year. The company outperformed the Mining-Gold industry with record production at Cote Gold, improved cost efficiency, debt reduction, and growing investor optimism driving the rally.

IAMGOLD’s production results saw a 9.8% increase in gold production to 190,000 ounces, driven by Cote Gold’s ramp-up. Despite challenges at Westwood and Essakane, revenues surged 61% to $706.7 million supported by higher gold prices and increased sales volumes.

IAMGOLD advanced key projects in 2025, reaching sustained production capacity at Cote Gold and expanding its Quebec pipeline. The company’s debt reduction efforts strengthen its balance sheet as it moves into a higher-production phase.

IAMGOLD (IAG) currently holds a Zacks Rank #3 (Hold). Better-ranked stocks in the Basic Materials sector include Royal Gold Inc. (RGLD), DPM Metals Inc. (DPMLF), and Harmony Gold Mining Company Limited (HMY), with RGLD and DPMLF sporting a Zacks Rank #1 (Strong Buy) and HMY carrying a Zacks Rank #2 (Buy).

Zacks’ Research Chief has identified a little-known satellite-based communications firm as a top pick with the potential for significant growth. Analysts forecast a major revenue breakout in 2025, making it a stock to watch closely.

Read more at Nasdaq: IAMGOLD Hits a Fresh 52-Week High: What’s Powering the Rally?