IAMGOLD Corporation (NYSE:IAG) is one of the best mid cap stocks to buy with highest upside potential. On May 5, IAMGOLD reported a strong start to 2026, with Q1 attributable gold production of 183,600 ounces, keeping the company on track for its full-year guidance of 720,000 to 820,000 ounces. Financial performance was robust, highlighted by revenues exceeding $1 billion, an adjusted EBITDA of $666.3 million, and mine-site free cash flow of $524.6 million. These results were supported by an average realized gold price of $4,859 per ounce.
Operations at Côté Gold saw throughput limits due to conveyor maintenance, but performance is expected to improve progressively throughout the year as debottlenecking continues. Meanwhile, Westwood and Essakane delivered year-over-year production increases. The company remains focused on growth catalysts, including updated mineral resource estimates and technical reports for several assets, alongside continued investments in operational optimization and infrastructure.
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The company used its strong free cash flow to strengthen its balance sheet and reward shareholders. During Q1, IAMGOLD Corporation (NYSE:IAG) repaid $100 million in debt and purchased $260 million worth of shares through its buyback program. With $1.1 billion in available liquidity as of March 31, the company is well-positioned to continue its share repurchase initiatives and maintain a disciplined approach to debt reduction for the remainder of the year.
IAMGOLD Corporation (NYSE:IAG) is a mining company engaged in the exploration, development, and production of gold. Its operations include producing assets such as the Essakane mine in Burkina Faso and the Westwood mine in Canada.
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