Iamgold Completes Final Delivery and Conclusion of GOLD Prepay Arrangements
NEWS RELEASE TSX: IMG NYSE: IAG
IAMGOLD COMPLETES FINAL DELIVERY AND CONCLUSION OF
GOLD PREPAY ARRANGEMENTS
Toronto, Ontario, June 2 5, 202 5 – IAMGOLD Corporation (NYSE:IAG) (TSX:IMG) (“IAMGOLD” or the
“Company”) 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 o f 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 exp loration 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 list ed on the New York
Stock Exchange (NYSE:IAG) and the Toronto Stock Exchange (TSX:IMG).
IAMGOLD Contact Information
Graeme Jennings, Vice President, Investor Relations
Tel: 416 360 4743 | Mobile: 416 388 6883
Toll-free: 1 888 464 9999
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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
All information included or incorporated by reference in this news release, including any information as to the Company's
vision, strategy, future financial or operating performance and other statements that express management's expectations
or estimates of future performance or impact, including statements in respect of the prospects and/or development of the
Company's projects, other than statements of historical fact, constitutes forward -looking information or forward -looking
statements within the meanin g of applicable securities laws (collectively referred to herein as "forward -looking
statements") and such forward-looking statements are based on expectations, estimates and projections as of the date
of this news release. Forward -looking statements are g enerally identifiable by the use of words such as "may", "will",
"should", "would", "could", "continue", "expect", "budget", "aim", "can", "focus", "forecast", "anticipate", "estimate",
"believe", "intend", "plan", "schedule", "guidance", "outlook", "poten tial", "seek", "targets", "cover", "strategy", "during",
"ongoing", "subject to", "future", "objectives", "opportunities", "committed", "prospective", "likely", "progress", "strive",
"sustain", "effort", "extend", "remain", "pursue", "predict", or "project " or the negative of these words or other variations
on these words or comparable terminology.
For example, forward -looking statements include, but are not limited to, statements with respect to: the estimation of
mineral reserves and mineral resources and the realization of such estimates; operational and financial performance
including the Company's guidance for and actual results of production, ESG (including environmental) performance, costs
and capital and other expenditures such as exploration and including depreciation expense and effective tax rate; the
updated life-of-mine plan, ramp-up assumptions and other project metrics including operating costs in respect to the Côté
Gold Mine; expected production of the Côté Gold Mine, expected benefits from the operational improvements and de -
risking strategies implemented or to be implemented by the C ompany; mine development activities; the Company's
capital allocation and liquidity; the announced intention to repurchase the Transferred Interests in the Côté Gold Mine,
the composition of the Company's portfolio of assets including its operating mines, development and exploration projects;
the completion of the sale of the Bambouk Assets; permitting timelines and the expected receipt of permits; inflation,
including global inflation and inflationary pressures; global supply chain constraints; environment al verification,
biodiversity and social development projects; plans, targets, proposals and strategies with respect to sustainability,
including third party data on which the Company relies, and their implementation; commitments with respect to
sustainability and the impact thereof, including the Company's "Zero Harm" vision; commitments with respect to
greenhouse gas emissions and decarbonization initiatives (eg. interim target of achieving 30% absolute reduction in
Scope 1 and 2 emissions by 2030); the development of the Company's Water Management Standard; commitments with
respect to biodiversity; commitments related to social performance, including commitments in furtherance of Indigenous
relations; the ability to secure alternative sources of consumabl es of comparable quality and on reasonable terms;
workforce and contractor availability, labour costs and other labour impacts; the impacts of weather; the future price of
gold and other commodities; foreign exchange rates and currency fluctuations; financial instruments; hedging strategies;
impairment assessments and assets carrying values estimates; safety and security concerns in the jurisdictions in which
the Company operates and the impact thereof on the Company's operational and financial performance and financial
condition; and government regulation of mining operations (including the Competition Act and the regulations associated
with the fight against climate change).
The Company cautions the reader that forward -looking statements are necessarily based upon a number of estimates
and assumptions that, while considered reasonable by management, are inherently subject to significant business,
financial, operational and oth er risks, uncertainties, contingencies and other factors, including those described below,
which could cause actual results, performance or achievements of the Company to be materially different from results,
performance or achievements expressed or implie d by such forward -looking statements and, as such, undue reliance
must not be placed on them. Forward-looking statements are also based on numerous material factors and assumptions,
including as described in this news release, including with respect to: th e Company's present and future business
strategies; operations performance within expected ranges; anticipated future production and cash flows; local and global
economic conditions and the environment in which the Company will operate in the future, inclu ding, but not limited to
the potential that such local and global conditions and environment will impede the Company’s ability to achieve it’s “Zero
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Harm” vision; the price of precious metals, other minerals and key commodities; projected mineral grades; international
exchanges rates; anticipated capital and operating costs; the availability and timing of required governmental and other
approvals for the construction of the Company's projects.
Risks, uncertainties, contingencies and other factors that could cause actual results, performance or achievements of the
Company to be materially different from results, performance or achievements expressed or implied by such forward -
looking statements include, without limitation: the ability of the Company to complete the repurchase of the Transferred
Interest in the Côté Gold Mine; the ability of the Company to complete the sales of the remaining Bambouk Assets; the
Company's business strategies and its ability to execute thereon; the ability of the Company to complete pending
transactions; the development and execution of implementing strategies to meet the Company's sustainability vision and
targets; security risks, including civil unrest, war or terro rism and disruptions to the Company's supply chain and transit
routes as a result of such security risks, particularly in Burkina Faso and the Sahel region surrounding the Company's
Essakane mine; the availability of labour and qualified contractors; the a vailability of key inputs for the Company's
operations and disruptions in global supply chains; the volatility of the Company's securities; litigation; contests over title
to properties, particularly title to undeveloped properties; mine closure and rehabilitation risks; management of certain of
the Company's assets by other companies or joint venture partners; the lack of availability of insurance covering all of
the risks associated with a mining company's operations; unexpected geological conditions; com petition and
consolidation in the mining sector; the profitability of the Company being highly dependent on the condition and results
of the mining industry as a whole, and the gold mining industry in particular; changes in the global prices for gold, and
commodities used in the operation of the Company's business (included, but not limited to diesel, fuel oil and electricity);
legal, litigation, legislative, political or economic risks and new developments in the jurisdictions in which the Company
carries on business; changes in taxes, including mining tax regimes; the failure to obtain in a timely manner from
authorities key permits, authorizations or approvals necessary for transactions, exploration, development or operation,
operating or technical diffic ulties in connection with mining or development activities, including geotechnical difficulties
and major equipment failure; the inability of the Company to participate in any gold price increase above the cap in any
collar transaction entered into in conjunction with certain gold sale prepayment arrangements; the availability of capital;
the level of liquidity and capital resources; access to capital markets and financing; the Company's level of indebtedness;
the Company's ability to satisfy covenants unde r its credit facilities; changes in interest rates; adverse changes in the
Company's credit rating; the Company's choices in capital allocation; effectiveness of the Company's ongoing cost
containment efforts; the Company's ability to execute on de -risking activities and measures to improve operations;
availability of specific assets to meet contractual obligations; risks related to third -party contractors, including reduced
control over aspects of the Company's operations and/or the failure and/or the effe ctiveness of contractors to perform;
risks arising from holding derivative instruments; changes in U.S. dollar and other currency exchange rates or gold lease
rates; capital and currency controls in foreign jurisdictions; assessment of carrying values for the Company's assets,
including the ongoing potential for material impairment and/or write -downs of such assets; the speculative nature of
exploration and development, including the risks of diminishing quantities or grades of reserves; the fact that reser ves
and resources, expected metallurgical recoveries, capital and operating costs are estimates which may require revision;
the presence of unfavourable content in ore deposits, including clay and coarse gold; inaccuracies in life of mine plans;
failure to meet operational targets; equipment malfunctions; information systems security threats and cybersecurity; ability
of the Company to achieve its “Zero Harm” vision in light of the inherent risks and hazards associated with the practice
of mining, and in fa ct, harm, damage and liability is a possible result from the Company’s activity and the practice of
mining; laws and regulations governing the protection of the environment (including greenhouse gas emission reduction
and other decarbonization requirements and the uncertainty surrounding the interpretation of omnibus Bill C -59 and the
related amendments to the Competition Act (Canada)); employee relations and labour disputes; the maintenance of
tailings storage facilities and the potential for a major spill or failure of the tailings facilities due to uncontrollable events,
lack of reliable infrastructure, including access to roads, bridges, power sources and water supplies; physical and
regulatory risks related to climate change; unpredictable weather patte rns and challenging weather conditions at mine
sites; disruptions from weather related events resulting in limited or no productivity such as forest fires, flooding, heavy
snowfall, poor air quality, and extreme heat or cold; attraction and retention of ke y employees and other qualified
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personnel; availability and increasing costs associated with mining inputs and labour, negotiations with respect to new,
reasonable collective labour agreements and/or collective bargaining agreements may not be agreed to; the ability of
contractors to tim ely complete projects on acceptable terms; the relationship with the communities surrounding the
Company's operations and projects; indigenous rights or claims; illegal mining; the potential direct or indirect operational
impacts resulting from external fa ctors, including infectious diseases, pandemics, or other public health emergencies;
and the inherent risks involved in the exploration, development and mining business generally. Please see the Company's
AIF or Form 40 -F available on www.sedarplus.ca or w ww.sec.gov/edgar for a comprehensive discussion of the risks
faced by the Company and which may cause actual results, performance or achievements of the Company to be
materially different from results, performance or achievements expressed or implied by forward-looking statements.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from
those contained in forward -looking statements, there may be other factors that cause results not to be as anticipated,
estimated or i ntended. The Company disclaims any intention or obligation to update or revise any forward -looking
statements whether as a result of new information, future events or otherwise except as required by applicable law.