IAMGOLD (IAG) Company Report

IAMGOLD completed the repayment of the final $130 million outstanding on its 2nd Lien Term Loan on December 9, 2025, fully repaying the loan.
The company received approval for a normal course issuer bid (NCIB) to purchase up to 57,000,000 common shares, representing approximately 9.92% of its public float as of November 30, 2025.
The NCIB will commence on December 12, 2025, and continue until December 11, 2026, or an earlier date if the company completes its purchases.

1 day ago

6-K

IAG Reports Q3 2025 Results, Announces Share Buyback and Acquisitions

IAG

Earnings

Share Buyback

M&A

IAG reported Q3 2025 attributable gold production of 190,000 oz and year-to-date production of 524,000 oz, positioning the company to achieve its 2025 guidance of 735,000 – 820,000 oz.
For Q3 2025, the company generated $706.7 million in revenues and $292.5 million in mine-site free cash flow, while reducing net debt to $813.2 million as of September 30, 2025.
The company announced a share buyback program for up to 10% of outstanding common shares and entered into agreements to acquire Northern Superior and Orbec on October 20, 2025, to consolidate the Nelligan Mining Complex.

Nov 5, 2025, 1:30 PM

Presentation

IAMGOLD Reports Q3 2025 Production and Financial Results, Announces Share Buyback and Strategic Acquisitions

IAG

Earnings

Share Buyback

M&A

IAMGOLD reported Q3 2025 attributable gold production of 190,000 oz, contributing to a year-to-date total of 524,000 oz, and maintained its 2025 production guidance of 735,000 – 820,000 oz.
For Q3 2025, the company achieved revenues of $706.7 million and adjusted EPS of $0.30, with All-in Sustaining Costs (AISC) at $1,956/oz.
The company is actively de-leveraging, having repaid approximately $270 million of second lien notes by November 2025, and has approved a share buyback program for up to 10% of outstanding common shares.
Strategic developments include the Côté Gold mine achieving 100% nameplate throughput in June 2025 and advancing expansion plans, alongside an offer to acquire Northern Superior and Orbec to consolidate the Nelligan Mining Complex.

Nov 5, 2025, 1:30 PM

Presentation

IAMGOLD Reports Strong Q3 2025 Results and Announces Share Buyback Program

IAG

Earnings

Share Buyback

Guidance Update

IAMGOLD reported strong Q3 2025 financial results, including $706.7 million in revenues from continuing operations and a record $359.5 million in adjusted EBITDA, leading to $0.30 adjusted earnings per share.
The company achieved 190,000 ounces of attributable gold production in Q3 2025, with Côté Gold producing a record 106,000 ounces. Full-year production guidance of 735,000-825,000 ounces is expected to be met.
IAMGOLD significantly improved its financial position, reducing net debt by $210.7 million to $813.2 million and maintaining total liquidity of approximately $707.2 million at the end of Q3 2025.
The Board approved a share buyback program for up to approximately 10% of outstanding common shares, subject to TSX approval, reflecting confidence in long-term value and disciplined capital allocation.
Cash costs were $1,588 an ounce and all-in sustaining costs were $1,956 an ounce in Q3 2025, with full-year costs expected at the top end of the guidance range.

Nov 5, 2025, 1:30 PM

Transcript

IAG Reports Q3 2025 Production and Financial Results, Announces Share Buyback

IAG

Earnings

Guidance Update

Share Buyback

IAG reported attributable gold production of 190,000 oz in Q3 2025, bringing the year-to-date total to 524,000 oz, with Côté Gold achieving 100% nameplate throughput in June 2025.
Financially, Q3 2025 saw revenues of $706.7 million, adjusted EBITDA of $359.5 million, and adjusted EPS of $0.30.
The company generated mine-site free cash flow of $292.5 million in Q3 2025, contributing to a year-to-date total of $572.4 million.
As of September 30, 2025, IAG maintained total liquidity of $707.2 million and reduced net debt to $813.2 million, having repaid approximately $270 million of second lien notes up to November 2025.
Looking forward, IAG reaffirmed its 2025 attributable production guidance of 735,000 – 820,000 oz and AISC guidance of $1,830 – $1,930/oz, and initiated a share buyback program for up to 10% of outstanding common shares.

Nov 5, 2025, 1:30 PM

Presentation

IAMGOLD Reports Strong Q3 2025 Results, Announces Share Buyback and Acquisitions

IAG

Earnings

Share Buyback

M&A

For the third quarter of 2025, IAMGOLD reported revenues of $706.7 million and net earnings attributable to equity holders of $139.4 million, with trailing twelve-month EBITDA exceeding $1 billion.
The company significantly reduced its net debt to $813.2 million as of September 30, 2025, a $201.7 million reduction during the quarter, and repaid $270 million of second lien notes year-to-date, maintaining available liquidity of $707.2 million.
IAMGOLD is initiating a share buyback program for up to 10% of outstanding common shares and entered into definitive agreements to acquire Northern Superior Resources Inc. and Mines d'Or Orbec Inc. for approximately $267.4 million and $12.6 million respectively, to consolidate the Chibougamau region.
Attributable gold production was 190,000 ounces in Q3 2025, bringing the year-to-date total to 524,000 ounces, and the company expects to achieve the top end of its revised annual attributable cash cost guidance of $1,375 to $1,475 per ounce sold and AISC guidance of $1,830 to $1,930 per ounce sold.

Nov 5, 2025, 12:13 AM

6-K

IAMGOLD Reports Strong Q3 2025 Financial Results, Announces Share Buyback and Acquisitions

IAG

Earnings

Share Buyback

M&A

IAMGOLD Corporation reported Q3 2025 revenues of $706.7 million, a 61% increase from Q3 2024, with adjusted net earnings attributable to equity holders of $170.9 million, or $0.30 per share.
The company achieved a record mine-site free cash flow of $292.3 million in Q3 2025 and reduced net debt to $813.2 million as of September 30, 2025, marking a $201.7 million reduction during the quarter.
Attributable gold production for Q3 2025 was 190,000 ounces, contributing to 524,000 ounces year-to-date, with the company remaining on track to achieve its full-year attributable production guidance.
Strategic initiatives include the Board's approval of a share buyback program for up to approximately 10% of outstanding common shares, an S&P credit rating upgrade to BB- with a stable outlook on October 10, 2025, and definitive agreements to acquire Northern Superior Resources Inc. and Mines d'Or Orbec Inc..

Nov 4, 2025, 10:06 PM

6-K

IAMGOLD to Acquire Mines D'Or Orbec Inc.

IAG

M&A

New Projects/Investments

Takeover Bid

IAMGOLD Corporation has signed a definitive arrangement agreement to acquire Mines D'Or Orbec Inc. in a cash and shares transaction.
Orbec shareholders will receive C$0.0625 per Orbec Share in cash and 0.003466 of an IAMGOLD common share for each Orbec Share, implying a total equity value of C$17.2 million and representing a 25% premium to Orbec's closing price on October 17, 2025.
This acquisition will consolidate IAMGOLD's land position in the Chibougamau district of Quebec, adding the highly prospective Muus Project and its 24,979 hectares of mineral rights, adjacent to IAMGOLD's Nelligan and Monster Lake Projects.
The transaction is expected to close in the fourth quarter of 2025.

Oct 20, 2025, 11:20 AM

6-K

IAMGOLD to acquire Northern Superior Resources

IAG

M&A

New Projects/Investments

Takeover Bid

IAMGOLD Corporation has agreed to acquire Northern Superior Resources Inc. in a transaction valued at approximately $267.4 million. Northern Superior shareholders will receive 0.0991 IAMGOLD common shares and C$0.19 in cash for each share, representing a 27.4% premium based on 20-day volume-weighted average prices as of October 17, 2025.
The acquisition will create the "Nelligan Mining Complex" by combining IAMGOLD's Nelligan and Monster Lake projects with Northern Superior's Philibert, Chevrier, and Croteau deposits. This complex is estimated to host 3.75 million ounces of gold (Moz Au) in Measured and Indicated Mineral Resources and 8.65 Moz Au in Inferred Mineral Resources.
The transaction significantly expands IAMGOLD's landholding in Quebec's Chibougamau district by adding 70,636 hectares, bringing the total to over 109,000 hectares, and positions the Nelligan Mining Complex as the 4th largest pre-production gold camp in Canada.
The transaction is anticipated to close in the fourth quarter of 2025 or first quarter of 2026, pending shareholder and regulatory approvals.

Oct 20, 2025, 11:19 AM

6-K

IAMGOLD Acquires Northern Superior and Mines D'Or Orbec

IAG

M&A

New Projects/Investments

IAMGOLD Corporation has entered into definitive agreements to acquire Northern Superior Resources Inc. and Mines D'Or Orbec Inc., consolidating significant land and deposits in Quebec, Canada.
The acquisition of Northern Superior aims to form the Nelligan Mining Complex, projected to be one of Canada's largest pre-production gold camps, with 3.75 million ounces of gold in Measured and Indicated Mineral Resources and 8.65 million ounces of gold in Inferred Mineral Resources.
Northern Superior shareholders will receive 0.0991 of an IAMGOLD common share plus cash per share, while Orbec shareholders will receive C$0.0625 in cash plus 0.003466 IAMGOLD shares per share.
These strategic acquisitions are expected to significantly expand IAMGOLD's Canadian gold portfolio and reinforce its long-term growth strategy.