Iamgold Co.

Iamgold has shifted to a net cash position and holds about $1.35 billion of available liquidity after substantially paying down debt. Ramp-up at the Côté Gold mine is driving strong free cash flow—893 million in mine-site FCF in H1 2026 and a trailing-12-month FCF yield near 14%—allowing management to prioritize shareholder returns. With expansion capex normalizing and $150 million returned via buybacks in Q2, the company is likely to implement a base dividend (plus variable payouts) by 2027, which could broaden its investor base. » Mere på finance.yahoo.com

IAMGOLD has completed the sale of its 35% interest in the Bambadji joint venture and the Bambadji and Bambadji Sud exploration licences in Senegal to Fortuna Mining. IAMGOLD will receive approximately $70m in cash before Senegalese capital gains taxes and transaction costs; the total consideration to the JV partners is $200m in cash plus a 0.5% NSR on the first 1.75 million ounces of gold. IAMGOLD retains its proportionate entitlement to the NSR royalty; Fasken Martineau DuMoulin LLP served as legal adviser. » Mere på de.investing.com

Iamgold produced 188,100 attributable ounces in Q2 (371,700 H1) and remains on track for 2026 guidance of 720,000–820,000 ounces. The company generated $445.1 million in operating cash flow and $368.9 million in mine-site free cash flow in the quarter, repurchased $147.9 million of shares in Q2 and has bought back about $510 million since December. Côté Gold plant performance improved after repairs and crusher commissioning, though full-year cash costs and AISC are expected near the high end of guidance. IAMGOLD is advancing expansion studies at Côté and drilling at Nelligan to support future growth. » Mere på finance.yahoo.com

IAMGOLD appoints Catherine McLeod-Seltzer to its board of directors, effective Sept. 1, 2026. McLeod-Seltzer brings more than 40 years of mining experience, has served on the boards of Teck Resources and Flow Capital, and was formerly chair of Kinross Gold. She co-founded several mining companies and was inducted into the Canadian Mining Hall of Fame in 2026. IAMGOLD operates, among others, Côté Gold, Westwood and Essakane, and holds a 70/30 partnership with Sumitomo Metal Mining for Côté Gold. » Mere på de.investing.com

IAMGOLD has increased its secured revolving credit facility from 650 Mio. USD to 850 Mio. USD and extended the maturity to June 17, 2030; there is also an accordion option for up to 250 Mio. USD. Terms were improved: the interest rate is now SOFR plus 1.875–2.875% (previously 2.75–3.75%) and the permitted maximum net leverage ratio was raised to 4.0x. The facility is currently undrawn, remains secured by certain assets and also reduces commitment fees, strengthening the company’s liquidity and financing costs. » Mere på de.investing.com