<div id="readability-page-1"><div> <h2>Key Points</h2><ul><li>Iamgold is expanding production at its major mining sites.</li><li>The gold producer is positioned to profit handsomely from further price gains.</li><li>10 stocks we like better than Iamgold ›</li></ul>Shares of Iamgold (NYSE: IAG) climbed more than 12% this past week after the miner reported soaring free cash flow fueled by higher gold prices.<img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2OTM1Ny9nb2xkLWJhcnMtZ2V0dHlpbWFnZXMtMTc1Nzg5NDkyLmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="700" height="525" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2OTM1Ny9nb2xkLWJhcnMtZ2V0dHlpbWFnZXMtMTc1Nzg5NDkyLmpwZyZ3PTcwMA"/>Image source: Getty Images.Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an &#34;Indispensable Monopoly&#34; providing the critical technology Nvidia and Intel both need. Continue » <h2>Pulling more gold from the ground</h2>Iamgold produced 183,600 ounces in the first quarter, up from 161,000 in the prior-year period.The mining stock's Westwood site performed particularly well. Higher grades and improved operating efficiency drove its gold production up by 51% to 36,200 ounces.<h2>It's a golden time to be a gold miner</h2>Iamgold's growing production was made even more valuable by sharply higher gold prices. The company's average realized gold price soared 78% to $4,859 per ounce. Central banks have been accumulating the precious metal to diversify their currency reserves. In all, Iamgold's revenue rocketed 116% higher to $1 billion. Its earnings before interest, taxes, depreciation, and amortization (EBITDA) increased an even more impressive 226% to $666 million.Iamgold also generated $525 million in mine-site free cash flow, which enabled it to pay down debt and reward shareowners with $260 million in stock buybacks.<h2>On track to achieve its 2026 targets </h2>Iamgold reaffirmed its full-year production forecast of 720,000 to 820,000 ounces. Management also noted that technical reports due later this year are expected to show significant potential for production growth and mine-life extension at several of its sites.Gold prices could also receive a boost if central banks move to reduce interest rates. The Federal Reserve is widely expected to cut rates after the current conflict in the Middle East is resolved.&#34;We are well-positioned to deliver value for our shareholders in 2026 and beyond,&#34; CEO Renaud Adams said.<h2>Should you buy stock in Iamgold right now?</h2> Before you buy stock in Iamgold, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Iamgold wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $471,827!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,319,291!* Now, it’s worth noting Stock Advisor’s total average return is 986% — a market-crushing outperformance compared to 207% for the S&amp;P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of May 9, 2026. Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. </div></div>

RING

Iamgold's stock surged over 12% this week following a report of increased free cash flow driven by rising gold prices. The company produced 183,600 ounces of gold in Q1, up from 161,000 a year prior, with significant contributions from its Westwood site. Revenue soared 116% to $1 billion, and EBITDA rose 226% to $666 million. Iamgold generated $525 million in free cash flow, allowing for debt reduction and $260 million in stock buybacks. The company reaffirmed its production forecast of 720,000 to 820,000 ounces for the year, positioning itself well for future growth.

Why Iamgold Stock Jumped This Week