IAMGOLD Corporation (IAG) Announced Completion of its Gold Prepay Arrangement

IAMGOLD Corporation (NYSE:IAG) is one of the Best Stocks Under $10 With Biggest Upside Potential. On June 25, IAMGOLD Corporation (NYSE:IAG) announced the completion of its gold prepay arrangement.

The agreement required the company to deliver 150,000 ounces of gold. The deal was originally set up as part of a financing package to help build the Côté Gold Mine. IAMGOLD Corporation (NYSE:IAG) delivered the last 75,000 ounces in the first half of 2025. Only some of these deliveries were affected by changes in the gold price. Management noted that if this prepay deal had not existed, the company would have generated about $200 to $225 million in cash flow during this period.

Finishing the prepay arrangement is a major milestone for IAMGOLD Corporation (NYSE:IAG). The company now expects to see improved cash flow. This comes at a good time, as the Côté Gold Mine has just reached its full production capacity.

IAMGOLD Corporation (NYSE:IAG) is a mid-tier gold mining company that explores, develops, and operates gold mines mainly in North America and West Africa.

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Disclosure: None. This article is originally published at Insider Monkey.