IAMGOLD Corporation completed the full repayment of its remaining $130 million second‑lien term loan on December 9 2025, reducing net debt from $813.2 million to $683.2 million and improving leverage ratios. The repayment eliminates a key debt obligation and strengthens the company’s balance sheet, positioning it for better credit rating prospects and greater financial flexibility.
The Toronto Stock Exchange approved IAMGOLD’s normal‑course issuer bid to repurchase up to 57 million shares, representing roughly 9.92 % of the public float as of November 30 2025. The buyback program, scheduled to run from December 12 2025 through December 11 2026, will be funded from operating cash flow and signals management’s confidence in the company’s cash‑generating ability.
The combination of debt elimination and a substantial share‑buyback underscores IAMGOLD’s transition from a high‑debt, development‑stage miner to a cash‑generating, Canadian‑focused producer. The company’s disciplined capital allocation strategy is now supported by a stronger balance sheet and a clear mechanism to return value to shareholders.
CEO Renaud Adams said the actions “further strengthen our balance sheet and enhance financial flexibility, in tandem with the share buyback program which underscores our confidence in the Company’s future and reinforces our commitment to delivering value to shareholders.” He also highlighted opportunities at Côté, Westwood, Essakane, and the Nelligan Mining Complex.
The announcement was well received by investors, with several analysts expressing positive sentiment and reaffirming their outlooks on IAMGOLD’s growth prospects. The company’s Q3 2025 results—record mine‑site free cash flow, revenue growth, and a reduction in net debt—provide the financial foundation for the debt repayment and buyback program. IAMGOLD’s ongoing acquisitions and focus on disciplined capital allocation position it for continued growth and shareholder value creation.
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