Dividends & Buybacks ·
IAMGOLD buys back $134.7M of shares and exercises option to repurchase half of Franco Nevada's Côté Gold royalty for ~$525M
IAGIamgold Corp
IAMGOLD purchased $134.7 million of its own shares during the third quarter, bringing total buybacks since December 2025 to $592.6 million. The company also delivered an irrevocable notice to Franco Nevada to exercise its contractual right to repurchase 50% of the 7.5% Gross Margin Royalty over the Côté Gold Mine for approximately $525 million, reducing the royalty burden from 7.5% to 3.75%. The transaction is expected to close in December 2026 with economic effect starting January 1, 2027. Additionally, IAMGOLD reported Q3 attributable gold production of 186,900 ounces and net earnings of $297.0 million.