Iamgold Corp. (IAG) Surges 5.16% as 9.03% Three-Day Rally Driven by Record Gold/Silver Gains, Production Hikes

Iamgold Corp. (IAG) hit its highest level since January 2026 on Jan. 27, surging 5.16% intraday as the stock extended its three-day winning streak. The rally pushed the shares up 9.03% over the past three sessions, marking a significant rebound amid renewed momentum in the gold and silver markets.

The stock’s performance was driven by a confluence of factors, including record prices for gold and silver, which climbed 8.4% and 14.5% respectively over the past week. Iamgold’s ability to meet its 2025 gold production target of 765,900 ounces further bolstered investor confidence, highlighting operational efficiency at key sites like Essakane and Cote. Analysts also played a role, with TD Securities and Canaccord raising price targets to $24 and $23.32, reflecting a 45% and 111% premium to the stock’s previous levels, respectively.

Broader sector trends amplified the gains, as mining stocks benefited from safe-haven demand and industrial demand for silver in green energy applications. Iamgold’s forward-looking guidance for 2026—targeting 720,000 to 820,000 ounces of gold—underscored its focus on stable output and long-term growth. While near-term volatility remains a risk, the company’s disciplined approach to expansion and alignment with ESG priorities position it to capitalize on sustained commodity strength and investor optimism.