Business
IAMGOLD Completes Term Loan Repayment and Receives Approval for Normal Course Issuer Bid
All monetary amounts are expressed in U.S. dollars, unless otherwise indicated.Toronto, Ontario--(Newsfile Corp. - December 9, 2025) - IAMGOLD Corporation...
About this update from Iamgold Corporation
[{"type":"text","content":"All monetary amounts are expressed in U.S. dollars, unless otherwise indicated.","length":79,"tagName":"p","attribs":{}},{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - December 9, 2025) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) ("IAMGOLD" or the "Company") is pleased to announce that as of December 9, 2025, the Company has executed on its debt reduction strategy with the repayment of the final $130 million outstanding on its 2nd Lien Term Loan, completing the repayment of the loan in full. Alongside this news, the Company announces that the Toronto Stock Exchange (the "TSX") has approved the Company's notice of its intention to make a normal course issuer bid (the "Bid") to purchase up to 57,000,000 of its common shares, representing approximately 9.92% of IAMGOLD's public float as at November 30, 2025.","length":733,"tagName":"p"},{"type":"text","content":""Today marks a significant milestone for IAMGOLD, as we take decisive steps to further strengthen our balance sheet and enhance financial flexibility, in tandem with the share buyback program which underscores our confidence in the Company's future and reinforces our commitment to delivering value to shareholders," said Renaud Adams, President and Chief Executive Officer of IAMGOLD. "Looking ahead to 2026, we are excited about the opportunities before us as we work to demonstrate the expansion potential of Côté, while advancing further value accretive opportunities at Westwood, Essakane and the rapidly growing Nelligan Mining Complex in Quebec."","length":677,"tagName":"p"},{"type":"text","content":"The share buyback program demonstrates management's confidence in the Company's long-term value and its commitment to disciplined capital allocation. The program reflects the Company's view that the market may undervalue IAMGOLD's common shares (the "Shares") and that the Share market price may not, from time to time, adequately capture the value of the business, assets, and prospects of IAMGOLD. In such circumstances, repurchasing Shares represents an accretive investment for IAMGOLD since a portion of the Company's excess cash generated on an annual basis can be invested to deliver an attractive risk-adjusted return on capital through the Bid.","length":683,"ta...