Gold Boom Reveals 'Hidden Gold Mines'... 1 Trillion Won Market Cap Vanished in a Day

Canadian gold miner IAMGOLD Corp. (IAG) saw its share price plunge 7.73% in a single day, closing at $17.90 on the New York Stock Exchange. Trading volume topped 3.75 million shares, and the company’s market capitalization fell by about $760 million (roughly KRW 1 trillion) to $10.5 billion (approximately KRW 14 trillion).

On February 18, IAMGOLD reported its 2025 results, posting nearly $3 billion in revenue and $1.5 billion in EBITDA—equivalent to about KRW 4 trillion and KRW 2 trillion, respectively. The company said it is improving its financial structure through substantial debt repayments and a $100 million share repurchase program (gurufocus.com).

Headquartered in Toronto, IAMGOLD is a mid-tier gold producer operating the Côté Gold and Westwood mines in Canada and the Essakane mine in Burkina Faso. In 2025, it produced 765,900 ounces of gold. For 2026, the company has guided production of 720,000–820,000 ounces and plans to continue its growth story through the expansion of Côté Gold (news.alphastreet.com).