IAMGOLD (IAG) Registration Filing summary

Company overview and business model

• Intermediate gold producer and developer with three operating mines: Côté Gold (Canada), Westwood (Canada), and Essakane (Burkina Faso).

• Côté Gold commenced production on March 31, 2024; company holds a portfolio of early-stage and advanced exploration projects in Canada.

• Engaged in exploration, development, and production of mineral resource properties globally, with interests in various operations and royalty interests.

Financial performance and metrics

• Financial statements are prepared in accordance with IFRS and reported in U.S. dollars; non-GAAP measures such as AISC, EBITDA, and mine-site free cash flow are used.

• As of September 30, 2024, delivered 37,500 ounces under 2022 Prepay Arrangements and received $10 million from a collar arrangement in Q3 2024.

• No material change in share and loan capital since the date of the latest interim financial statements.

Use of proceeds and capital allocation

• Net proceeds from securities sales are expected to fund ongoing operations, capital expenditures, debt reduction, discretionary capital programs, and general corporate purposes.

• Repurchase of a 9.7% interest in Côté Gold from Sumitomo for approximately $377 million, funded by a $300 million bought deal and available liquidity.