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IAMGold Corporation - IAG STOCK NEWS

Welcome to our dedicated page for IAMGold Corporation news (Ticker: IAG), a resource for investors and traders seeking the latest updates and insights on IAMGold Corporation stock.

IAMGOLD Corporation (NYSE: IAG, TSX: IMG) is a leading mid-tier gold producer with a diversified portfolio of mining operations across three continents. The company operates four gold mines, including joint ventures, and has a robust pipeline of development and exploration projects. IAMGOLD's growth strategy is concentrated in Canada, select countries in South America, and Africa.

IAMGOLD's flagship project, the Essakane Mine in Burkina Faso, is one of its most significant assets, contributing substantially to its gold production. In Canada, the Westwood Mine and the recently inaugurated Côté Gold Mine are pivotal to its operations. The Côté Gold project, a joint venture with Sumitomo Metal Mining Co., Ltd., commenced production in early 2024 and is set to become one of the largest gold mines in Canada.

The company is committed to sustainable mining practices, epitomized by its Zero Harm® initiative, which aims to achieve the highest standards in human health, safety, and environmental stewardship. IAMGOLD actively engages with local communities, ensuring its operations benefit host regions through various social, economic, and environmental programs.

Financially, IAMGOLD maintains a strong balance sheet, with significant liquidity to support its ongoing projects. The company has also announced several strategic initiatives, including a forward gold sale arrangement to bolster cash flow during the ramp-up phase of the Côté Gold Mine. IAMGOLD's financial health is further reinforced by its robust revenue streams, primarily from the Essakane and Westwood mines.

Recent developments include the completion of the first gold pour at the Côté Gold Mine and the ongoing exploration at the Gosselin deposit, which shows promising potential. The company is also focused on expanding its resource base through strategic acquisitions, such as the recent purchase of Vanstar Mining Resources to secure full ownership of the Nelligan Gold Project in Quebec.

IAMGOLD's stock is publicly traded on the New York Stock Exchange and the Toronto Stock Exchange. The company's presence on the Jantzi Social Index highlights its commitment to high standards in environmental, social, and governance (ESG) practices, making it a reputable and sustainable choice for investors.

News

IAMGOLD Announces Regulatory Approval in France of Buy-Out Offer for Euro Ressources

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IAMGOLD Corporation has obtained approval from the Autorité des marchés financiers in France for its buy-out offer to acquire all outstanding common shares of EURO Ressources S.A. The Offer Price is €3.50 per EURO Share, and the Offer will remain open for 10 trading days. Shareholders are urged to read the Notices from the AMF and Euronext for important information.
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IAMGOLD Reports Fourth Quarter 2023 Production Results and Commissioning Progress at Côté Gold

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IAMGOLD Corporation (IAG) announced strong 2023 production results, with 465,000 ounces of gold production, nearing the top end of the annual guidance. Essakane and Westwood exceeded their targets, and Côté Gold is on track for initial production in March 2024. The company will report year-end financial results on February 15, 2024.
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IAMGOLD Announces Gold Prepay Arrangements to Defer Gold Deliveries from the First Quarter of 2024

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IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) announces a forward gold sale arrangement and a partial amendment to an existing gold prepay arrangement, allowing for the deferral of gold delivery obligations out of Q1 2024 into the following year, increasing cash flow by approximately $72.5 million. The Company will receive a prepayment amount of $59.9 million during Q1 2024 in exchange for delivering 31,250 ounces in the first quarter of 2025. The Arrangements are supported by the Company's syndicate of banks under its revolving credit facility.
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IAMGOLD Files Updated Technical Report for Essakane Gold Mine

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IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) announces the filling of a Technical Report for Essakane Gold Mine, extending the mine life to 2028 with an overall production of 2.4 million ounces of gold from 2023 to 2028, and an average gold production of approximately 400,300 oz Au during this period. The Technical Report is available on SEDAR at www.sedarplus.ca and on the Company's website at www.iamgold.com.
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IAMGOLD Announces Filing of Early Warning Report

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IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) has acquired 7,142,857 common shares of Blue Thunder Mining Inc. at a price of C$0.07 per share, totaling approximately C$500,000. IAMGOLD now holds about 14.48% of Blue Thunder's common shares. The acquisition was made for investment purposes, and IAMGOLD may further acquire or dispose of Blue Thunder securities based on future circumstances. IAMGOLD also gains the right to participate in future equity financings of Blue Thunder and nominate one person to Blue Thunder's board of directors.
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IAMGOLD Signs Agreement to Acquire Vanstar Resources

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IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) has signed a definitive arrangement agreement to acquire all issued and outstanding common shares of Vanstar Mining Resources Inc. The transaction implies a total value of approximately $31.1 million and consolidates IAMGOLD's interests in the highly prospective Nelligan deposit in Northern Quebec.
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IAMGOLD Announces Filing of Draft Buy-Out Offer for Euro Ressources

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IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) Announces Draft Buy-Out Offer for EURO Ressources S.A.
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IAMGOLD Announces Changes to the Board of Directors

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IAMGOLD Corporation (IMG, IAG) announces the retirement of Mr. Ian Ashby and the appointment of Ms. Anne Marie Toutant as an independent director to the board. Ms. Toutant brings extensive experience in the mining industry and will play a key role in the company's preparation to ramp up production at Côté Gold. Her background includes executive roles at Suncor Energy and significant contributions to safety, mentoring, sustainability, and technology.
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IAMGOLD Reports Third Quarter 2023 Results

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IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) reported Q3 2023 financial and operating results, with 109,000 ounces of gold production, revenues of $224.5 million, and net loss of $(0.8) million. The Côté Gold Project is 90.6% complete, with expenditures of $317.3 million in Q3 2023, and a total expected cost of $2.965 billion. The company also announced the retirement of Ian Ashby from the Board and the appointment of Anne Marie Toutant as an independent director.
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METALLA PROVIDES UPDATE ON CÔTÉ AND GOSSELIN ROYALTY

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Metalla Royalty & Streaming Ltd. reports that IAMGOLD Corporation's Côté mine project is 90.6% complete and exploration drilling at the Gosselin zone continues. Metalla owns a 1.35% Net Smelter Return royalty on Gosselin and a portion of Côté. IAMGOLD expects production to commence in early 2024. Recent drilling at Gosselin indicates potential for expansion similar to the adjacent Côté deposit.
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FAQ

What is the current stock price of IAMGold Corporation (IAG)?

The current stock price of IAMGold Corporation (IAG) is $5.2 as of December 20, 2024.

What is the market cap of IAMGold Corporation (IAG)?

The market cap of IAMGold Corporation (IAG) is approximately 3.0B.

What is IAMGOLD Corporation’s primary business?

IAMGOLD Corporation is a mid-tier gold mining company with operations in North America, South America, and Africa, focusing on gold exploration, development, and production.

Where are IAMGOLD’s key mining operations located?

IAMGOLD operates major gold mines in Burkina Faso (Essakane Mine), Canada (Westwood Mine and Côté Gold Mine), and has exploration projects in several high-potential mining districts.

What is the Côté Gold Mine project?

The Côté Gold Mine is a joint venture between IAMGOLD and Sumitomo Metal Mining Co., Ltd., located in Ontario, Canada. It began production in early 2024 and is expected to be one of the largest gold mines in Canada.

How does IAMGOLD approach sustainability and community engagement?

IAMGOLD is committed to its Zero Harm® initiative, aiming for high standards in health, safety, and environmental management. The company actively engages with local communities through social, economic, and environmental programs.

What are IAMGOLD’s financial strengths?

IAMGOLD has a strong balance sheet with significant liquidity to support its projects. It implements strategic financial initiatives like forward gold sale arrangements to enhance cash flow during key project phases.

What recent achievements has IAMGOLD accomplished?

Recent achievements include the first gold pour at the Côté Gold Mine, exploration progress at the Gosselin deposit, and the acquisition of Vanstar Mining Resources for full ownership of the Nelligan Gold Project.

How is IAMGOLD performing on the stock market?

IAMGOLD’s stock is traded on the New York Stock Exchange (NYSE: IAG) and the Toronto Stock Exchange (TSX: IMG). The company is known for its commitment to sustainable mining practices, reflected in its inclusion in the Jantzi Social Index.

What is the Zero Harm® initiative?

Zero Harm® is IAMGOLD’s commitment to achieving the highest standards in human health, safety, and environmental management, ensuring no harm comes to employees, the environment, or communities.

What are IAMGOLD’s exploration projects?

IAMGOLD has several exploration projects, including the Côté Gold and Gosselin deposits in Canada, and various early-stage projects in high-potential mining districts.

Who are IAMGOLD’s key partners?

IAMGOLD’s key partners include Sumitomo Metal Mining Co., Ltd. for the Côté Gold project and various local communities and governments in the regions where it operates.

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IAMGold Corporation

NYSE:IAG

IAG Rankings

#1666 Ranked by Market Cap
N/A Ranked by Dividends

IAG Stock Data

2.97B
569.88M
0.1%
68.24%
0.86%
Gold
Basic Materials
Link
United States of America
Toronto