Iamgold Q2: Essakane cash strong as Burkina royalties rise and Côté expansion shrinks
Iamgold reported Q2 results, highlighting that Essakane generates significant free cash flow but faces escalating royalties and cash repatriation risks linked to Burkina Faso’s royalty structure. The update also notes the company’s planned expansion at Côté was scaled back, making the growth plan smaller than expected while cash generation remains a key support.