IAMGOLD's Transparency Triumph: Form 40-F and AIF Filings

In the ever-evolving landscape of corporate transparency and regulatory compliance, IAMGOLD Corporation has once again set a benchmark. On March 21, 2025, the company announced the filing of its Form 40-F report with the U.S. Securities and Exchange Commission (SEC) and its Annual Information Form (AIF) with Canadian securities regulatory authorities. This dual filing is not just a regulatory requirement but a testament to IAMGOLD's commitment to openness and accountability.



The Form 40-F, available through EDGAR at http://www.sec.gov/edgar, includes IAMGOLD's 2024 annual audited financial statements, management discussion and analysis, and the AIF. This comprehensive report ensures that U.S. investors and regulatory bodies have access to the company's financial health and operational performance. Similarly, the AIF, filed with Canadian authorities and accessible at www.sedarplus.ca, provides Canadian stakeholders with the same level of transparency. This dual approach underscores IAMGOLD's dedication to meeting the regulatory requirements of both jurisdictions, fostering trust and confidence among investors and stakeholders.

The 2024 annual audited financial statements and management discussion and analysis reveal a company in robust financial health and operational excellence. IAMGOLD reported a record revenue of $1,633.0 million for the year ended December 31, 2024, from sales of 699,000 ounces at an average realized gold price of $2,330 per ounce. This financial performance is a testament to the company's efficient cost management and operational efficiency, with the cost of sales per ounce sold, excluding Côté, at $1,181 for the year.



The operational milestones achieved by IAMGOLD in 2024 are equally impressive. The company reported total attributable gold production of 667,000 gold ounces for the year, a 43% increase from the prior year. This significant increase was driven by the start of production at Côté Gold and the outperformance of Essakane and Westwood mines. Côté Gold, which commenced production on March 31, 2024, produced 124,000 attributable ounces during its initial nine months of operation and 62,000 attributable ounces in the fourth quarter. This ramp-up to nameplate capacity is a key operational milestone for the company.

The mine-specific performance of Essakane and Westwood further highlights IAMGOLD's operational excellence. Essakane mine achieved the top end of guidance with strong, stable operations throughout the year, producing 409,000 attributable ounces for the full year and 80,000 attributable ounces in the fourth quarter. Westwood mine produced 134,000 ounces for the full year and 35,000 ounces in the fourth quarter, exceeding the top end of the production guidance range of 115,000 to 130,000 ounces. This performance highlights the successful turnaround and transformation of the mine.

IAMGOLD's balance sheet and cash flow outlook continue to improve. The company made important steps to reduce the balance of the gold prepayment with the delivery of 37,500 ounces into the legacy gold prepayment arrangement in the third quarter. The intention is to close out the arrangement by June 2025, increasing the company's exposure and flexibility in the market.

Looking ahead, IAMGOLD is focused on the ramp-up of the Côté Gold processing plant towards achieving the nameplate throughput rate of 36,000 tpd at a steady, sustainable rate. The plant has demonstrated its ability to operate above nameplate over multi-day periods, and with an additional secondary crusher scheduled to be installed in November, the company looks forward to determining the potential of the plant to sustainably achieve over nameplate with minimal capital spending in the near term. Longer term, IAMGOLD will continue to pursue improvements in mining and processing activities and investigate the potential options to bring into the mine plan the full resource base estimate of the Côté and Gosselin zones, which combine for over 16.5 million ounces of measured and indicated and 4.2 million ounces of inferred resources.

In conclusion, IAMGOLD's filing of the Form 40-F and AIF is a triumph of transparency and regulatory compliance. The company's financial health and operational performance in 2024 position it for continued growth and success in the future. As IAMGOLD continues to navigate the complexities of the mining industry, its commitment to accountability and transparency will undoubtedly serve as a beacon for other companies to follow.