Is IAMGOLD (IAG) One of the Best TSX Stocks to Buy After Its Moody’s Upgrade?

Moody’s lifted IAMGOLD’s probability of default standing to B1-PD from B2-PD and elder unsecured notes to B2 from B3. The steadfast besides improved the Speculative Grade Liquidity Rating to SGL-1 from SGL-2. SGL-1 is the highest tier. Moody’s besides changed its outlook for IAMGOLD to unchangeable from positive. In different words, the ratings elephantine sees the improved recognition presumption arsenic present locked successful alternatively than inactive developing.

On indebtedness reduction, Moody’s noted that IAMGOLD chopped its nett indebtedness by astir $515 cardinal successful 2025 alone. The institution besides afloat repaid a $400 cardinal second-lien word loan, which is simply a important deleveraging milestone for a mid-tier golden miner that had carried a dense indebtedness load since financing the operation of Côté Gold, noted Moody’s.

Speaking of Côté Gold, IAMGOLD controls 70% of the mine, which reached commercialized accumulation successful August 2024. The excavation deed nameplate works throughput of 36,000 tons per time implicit 30 consecutive days up of docket successful 2025. Moody’s noted that this is simply a milestone that validated the mine’s operational capableness and justified the years of superior investment.

IAMGOLD Corporation (NYSE:IAG) is simply a mining institution engaged successful the exploration, development, and accumulation of gold. Its operations see producing assets specified arsenic the Essakane excavation successful Burkina Faso and the Westwood excavation successful Canada, alongside improvement projects similar the Côté Gold task successful Ontario.

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