All monetary amounts are expressed in U.S. dollars, unless otherwise indicated.
Toronto, Ontario–(Newsfile Corp. – April 4, 2024) – IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) (“IAMGOLD” or the “Company“) announced today that it has entered into a forward gold sale arrangement (“2025 Q2 Prepay Arrangement“) and a partial amendment to one of its existing gold prepay arrangements (“Q2 Deferral Prepay Arrangement“, together the “Arrangements“). The net result of these Arrangements is the effective transition of current gold delivery obligations totaling 37,500 ounces out of the second quarter of 2024 into the same period in the following year, increasing cashflow in Q2 2024 by approximately $73.6 million assuming current gold prices.
“The deferral of the prior prepay arrangement for gold deliveries out of the second quarter provides additional liquidity during a period when our Côté Gold mine is taking its first steps toward commercial…
