The Prospector News

IAMGOLD Completes Final Delivery and Conclusion of Gold Prepay Arrangements

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

IAMGOLD Completes Final Delivery and Conclusion of Gold Prepay Arrangements

 IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) is pleased to announce that the Company completed the final delivery of gold ounces as required under its gold prepay arrangement, thereby concluding the 150,000 ounce gold prepay arrangements that were implemented as part of a previous financing package for the construction of Côté Gold.

“Today marks a significant cash flow inflection point for IAMGOLD as we successfully conclude our gold prepay arrangements,” said Renaud Adams, President & CEO of IAMGOLD. “In the first half of this year, the Company delivered the remaining 75,000 ounces of gold under the arrangements of which only a portion had some exposure to the gold price. This is equivalent to approximately $200 to $225 million of cashflow that the Company would have received in H1 2025 if the gold prepay arrangements were not in place.”

“The conclusion of the arrangements comes at a strategically favourable time for the Company, as the Côté Gold Mine reached nameplate throughput earlier this week and the expectations of improved operating results at all our assets in the second half of the year. Combined with the current favourable gold price environment, the Company is well-positioned to generate stronger free cash flows and commence a disciplined deleveraging strategy.”

About IAMGOLD

IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). On March 31, 2024, the Company commenced production at Côté Gold, in partnership with Sumitomo Metal Mining Co. Ltd., a mine that has the potential to be among the largest gold mines in Canada. In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts. IAMGOLD employs approximately 3,700 people and is committed to maintaining its culture of accountable mining through high standards of Environmental, Social and Governance practices. IAMGOLD is listed on the New York Stock Exchange (NYSE: IAG) and the Toronto Stock Exchange (TSX: IMG).

Posted June 25, 2025

Share this news article

MORE or "UNCATEGORIZED"


PMET Increases Grade and Scale of Caesium Mineral Resource at Shaakichiuwaanaan

PMET Resources Inc. (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce an upda... READ MORE

November 4, 2026

West Red Lake Gold Announces Integrated PFS Delivering C$764 Million Post-Tax NPV and Annual Gold Production of 100,000 Ounces Once Rowan Enters Production

West Red Lake Gold Mines Ltd. (TSX-V: WRLG) (OTCQX: WRLGF) is pleased to announce the results of an ... READ MORE

November 4, 2026

Independence Gold Reports Additional Gold-Silver Intersections and Gives an Exploration Update at the 3Ts Project, BC

Independence Gold Corp. (TSX-V: IGO) (OTCQB: IEGCF) (FSE: 625) is pleased to announce additional gol... READ MORE

November 4, 2026

Lodestar Intersects Gold-Silver Mineralisation at All Four Targets in the Maiden Drill Program at Gold Run, Nevada, Including 71.6 m at 0.9 g/t AuEq at Crown North

Lodestar Metals Corp. (TSX-V: LSTR) (OTCQB: SVTNF) (FSE: PR90), an exploration company focused on go... READ MORE

November 4, 2026

Northmin Reports Broad, Shallow Polymetallic Mineralisation Comprising 38.25 Metres at 0.35% Copper, 5.05% Zinc+Lead and 19.88 g/t Silver from 68.55m Downhole to the East of the Historic Zone 3 Mine

Northmin Corporation (TSX-V: NMB) is pleased to announce additional assay results from three drill h... READ MORE

November 4, 2026

Copyright 2026 The Prospector News