Toronto, Ontario — December 9, 2025 — Leads & Copy — IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) announced it has completed its debt reduction strategy with the repayment of the final $130 million outstanding on its 2nd Lien Term Loan as of December 9, 2025.
The company also announced that the Toronto Stock Exchange (TSX) has approved its notice of 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 of November 30, 2025.
Renaud Adams, President and Chief Executive Officer of IAMGOLD, said that today marks a significant milestone for IAMGOLD. He added that the company is taking decisive steps to further strengthen its balance sheet and enhance financial flexibility, in tandem with the share buyback program which underscores their confidence in the Company’s future and reinforces their commitment to delivering value to shareholders. Looking ahead to 2026, Adams said they are excited about the opportunities before them as they 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.
As of November 30, 2025, the number of IAMGOLD’s issued and outstanding Shares totaled 575,475,425.
In accordance with the rules of the TSX, the maximum daily purchases on the TSX under this Bid will be 585,822 Shares, which is 25% of the average daily trading volume for the Shares, being 2,343,290 Shares, on the TSX for the six months ended November 30, 2025.
In accordance with applicable U.S. securities laws, the maximum daily purchases on the New York Stock Exchange (NYSE) under this Bid will be 25% of the average daily trading volume for the Shares in the four calendar weeks preceding the date of purchase, subject to certain exceptions for block purchases.
IAMGOLD may make purchases, from time to time, on the open market through the facilities of the TSX and NYSE, or any other eligible Canadian alternative trading system on which the Shares are listed. The period of the Bid will begin on December 12, 2025 and will continue until December 11, 2026, or an earlier date should the Company complete its purchases.
IAMGOLD will pay the market price at the time of acquisition of any Shares in accordance with the rules and policies of the TSX, NYSE and applicable securities laws. The purchase of Shares under the Bid will be funded out of IAMGOLD’s operating cash flows, and such acquired Shares will either be cancelled or placed under trust to satisfy future obligations under the Company’s share incentive plan.
Although the Company has a present intention to acquire its Shares pursuant to the Bid, it is not obligated to make any purchases, and the actual number of Shares to be purchased, and the timing of any purchases, will be at the Company’s discretion.
IAMGOLD did not have a normal course issuer bid in place during the 12-month period preceding the date hereof, and accordingly, no Shares were repurchased or cancelled during that period.
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 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.
IAMGOLD is a Canadian-based intermediate gold producer and developer with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). The Côté Gold Mine achieved full nameplate in June 2025 and has the potential to be among the largest gold mines in Canada. IAMGOLD operates Côté Gold in partnership with Sumitomo Metal Mining Co. Ltd. In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts, including the Nelligan Mining Complex located in Quebec, Canada. 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 listed on the New York Stock Exchange (NYSE:IAG) and the Toronto Stock Exchange (TSX: IMG).
A copy of the Company’s Notice of Intention to Make a Normal Course Issuer Bid filed with the TSX can be obtained from the Corporate Secretary of IAMGOLD without charge.
IAMGOLD Contact Information:
Graeme Jennings, Vice President, Investor Relations
Tel: 416 360 4743 | Mobile: 416 388 6883
Toll-free: 1 888 464 9999
info@iamgold.com
Source: IAMGOLD Corporation
