IAMGOLD(IAG)
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IAMGOLD Corporation Completes Acquisition of Mines D'Or Orbec Inc.
TMX Newsfile· 2025-12-22 16:49
Core Viewpoint - Mines D'Or Orbec Inc. has successfully completed a plan of arrangement with IAMGOLD Corporation, resulting in IAMGOLD acquiring all outstanding shares of Orbec, making it a wholly-owned subsidiary [1][2]. Transaction Details - IAMGOLD acquired all issued and outstanding common shares of Orbec at a total consideration of C$0.125 per Orbec Share, which includes 0.003466 of IAMGOLD common shares and C$0.0625 in cash per Orbec Share [2]. - In-the-money Orbec Options and Warrants were surrendered for cash payments based on the difference between their exercise prices and C$0.125, while out-of-the-money options and warrants were cancelled without payment [3][4]. Delisting and Reporting Status - Orbec Shares will be delisted from the TSX Venture Exchange and removed from the OTC Pink Limited Market, with an application to cease being a reporting issuer in British Columbia, Alberta, and Ontario [5]. Company Overview - Mines D'Or Orbec Inc. is a gold company with a significant mineral claim position near Chibougamau, Québec, covering approximately 25,250 hectares in the Abitibi Greenstone Belt, and is adjacent to IAMGOLD's Nelligan Gold Project [6]. - The exploration of the Muus Gold Project will continue in collaboration with IAMGOLD, which previously held about 9.9% of Orbec [6].
IAMGOLD Announces Closing of Northern Superior Acquisition
TMX Newsfile· 2025-12-19 13:43
Core Viewpoint - IAMGOLD Corporation has successfully completed the acquisition of Northern Superior Resources Inc., enhancing its position in the Canadian gold mining sector with the Nelligan Mining Complex now being one of the largest pre-production gold projects in Canada [1][2]. Company Overview - IAMGOLD is an intermediate gold producer and developer based in Canada, operating mines in North America and West Africa, including the Côté Gold Mine, which achieved full nameplate capacity in June 2025 [3]. - The company employs approximately 3,700 people and is committed to high standards of Environmental, Social, and Governance practices [3]. Transaction Details - The acquisition involved IAMGOLD acquiring all issued and outstanding common shares of Northern Superior, making it a wholly-owned subsidiary [1][2]. - Former Northern Superior shareholders will receive a combination of 0.0991 IAMGOLD common shares and C$0.19 in cash for each NSUP Share held [2]. - The transaction also included a distribution of ONGold Resources Ltd. shares previously held by Northern Superior [2]. Future Plans - IAMGOLD aims to accelerate its exploration program in the Chibougamau-Chapais region of Quebec, focusing on expanding mineralization at Nelligan, Philibert, and Monster Lake [2].
Ontario Superior Court of Justice Grants Final Order to Mines D'Or Orbec Inc. Approving Acquisition by IAMGOLD Corporation
TMX Newsfile· 2025-12-18 21:01
Core Viewpoint - Mines D'Or Orbec Inc. has received final court approval for its arrangement with IAMGOLD Corporation, which will result in IAMGOLD acquiring all outstanding common shares of Orbec [1][2]. Group 1: Arrangement Details - The Ontario Superior Court of Justice has issued a final order approving the plan of arrangement under the Business Corporations Act (Ontario) [1]. - The arrangement is expected to be completed by December 22, 2025, subject to the satisfaction or waiver of remaining conditions outlined in the arrangement agreement dated October 19, 2025 [2]. Group 2: Company Background - Mines D'Or Orbec Inc. is a gold company that owns 100% of a mineral claim position near Chibougamau, Québec, covering approximately 25,250 hectares in the Abitibi Greenstone Belt [5]. - The Muus Project is prospective for gold mineralization and is adjacent to IAMGOLD's Nelligan Gold Project, with exploration advancing in collaboration with IAMGOLD, which holds about 9.9% of Orbec [5].
iA Financial Group Donates $500,000 to Canadian Food Banks
Businesswire· 2025-12-18 15:00
Core Viewpoint - iA Financial Group has announced a donation of $500,000 to Food Banks Canada to support local food banks and community organizations across the country [1] Group 1 - The donation aims to assist people and families in need, addressing food insecurity in Canada [1] - Since 2021, iA Financial Group has been supporting Food Banks Canada, which collaborates with over 5,500 food banks and community organizations [1] - Currently, one in four people in Canada lacks sufficient access to food, highlighting the importance of this initiative [1]
IAMGOLD (IAG) Trades Near Its 52-Week Amid Strong Share Price Surge in 2025
Yahoo Finance· 2025-12-17 06:55
Core Viewpoint - IAMGOLD Corporation (NYSE:IAG) is highlighted as a strong investment opportunity in the gold sector, showing significant share price appreciation and positive financial developments [2][3][4]. Financial Performance - IAMGOLD achieved a remarkable return of over 213% in 2025 and approximately 110% over the past six months, reaching a 52-week high of $16.38 on December 12, 2025, and closing at $15.84 [2]. - The company fully repaid the remaining $130 million on its 2nd Lien Term Loan as of December 9, 2025, marking a significant milestone in its balance sheet [3]. Share Buyback Program - The Toronto Stock Exchange approved IAMGOLD's plan to repurchase up to 57 million shares, representing about 9.92% of its public float, from December 12, 2025, to December 11, 2026, funded through operating cash flows [3]. Analyst Ratings - Bank of America raised its price target for IAMGOLD from $16.75 to $18.00, maintaining a "Buy" rating, reflecting positive sentiment from analysts regarding the company's prospects [4]. Company Overview - IAMGOLD is a gold producer with operations and development assets in Canada and Burkina Faso, and it holds interests in the Cote, Westwood, and Essakane projects [5].
Mines D'Or Orbec Inc. Securityholders Approve Acquisition by IAMGOLD Corporation
TMX Newsfile· 2025-12-15 21:00
Core Viewpoint - Mines D'Or Orbec Inc. has received overwhelming approval from its securityholders for the acquisition by IAMGOLD Corporation, indicating strong support for the proposed arrangement [1][2]. Group 1: Acquisition Details - The special resolution for the acquisition was approved by 99.96% of votes from shareholders present or represented by proxy [2]. - Under the arrangement, shareholders will receive a total consideration of $0.125 per Orbec share, which includes 0.003466 of a common share of IAMGOLD and $0.0625 in cash for each Orbec share [3]. - The arrangement is expected to close around December 22, 2025, pending the satisfaction of all conditions [5]. Group 2: Shareholder Participation - A total of 58,372,757 votes were cast by shareholders, representing approximately 53.59% of all issued and outstanding Orbec shares as of the record date [2]. - The approval also included 99.97% of votes from shareholders, optionholders, and warrantholders voting as a single class [2]. Group 3: Future Steps - Orbec will seek a final order from the Ontario Superior Court of Justice to approve the arrangement, with a hearing expected on or about December 18, 2025 [5]. - Further details regarding the arrangement and payment procedures are available in the company's management information circular dated November 10, 2025 [4]. Group 4: Company Background - Mines D'Or Orbec Inc. owns 100% of a mineral claim position near Chibougamau, Québec, covering approximately 25,250 hectares and is prospective for gold mineralization [6]. - The company is collaborating with IAMGOLD on the exploration of the Muus Gold Project, which is adjacent to IAMGOLD's Nelligan Gold Project [6].
Here's why the IAG share price jumped ~40% in 2025
Invezz· 2025-12-15 08:17
Core Insights - IAG's share price experienced significant growth in 2025, continuing a positive trend from 2024, with a rise of approximately 40%, leading to a market capitalization exceeding £18 billion [1] - The company outperformed other major airlines, with Delta and United Airlines showing increases of 17% and 8.4% respectively, while the US Global Jets ETF rose by 10% [1] Financial Performance - IAG's revenue for the first nine months of the year reached €25 billion, marking an increase of nearly 5% compared to the same period last year [2] - Operating profit surged by 18.3% to €3.9 billion, significantly exceeding analyst expectations [3] - Profit-after-tax increased by 15% to €2.7 billion, and earnings per share (EPS) rose by 20.2% to €57.2, driven by strong performance in key regions like North Atlantic and Europe [3] Capacity and Expansion - The company has expanded its North Atlantic capacity through its brands, including British Airways, Iberia, and Aer Lingus, while also focusing on growth in the Latin American market [4] - IAG has added new routes in response to rising demand, with Aer Lingus expanding to Indianapolis, Nashville, and Minneapolis, and British Airways adding routes to Milan and Kuala Lumpur [5] Financial Health and Shareholder Returns - IAG's balance sheet has improved, ending the last quarter with over £8.7 billion in cash and equivalents, and reducing borrowings from £17.34 billion to £14.7 billion [6] - The company is committed to reducing leverage while expanding its fleet, including a $13 billion order from Boeing [7] - IAG has completed a €1 billion share buyback, reducing outstanding shares, and continues to pay dividends with a current yield of about 2.7%, indicating intentions to increase payouts [7] Stock Performance and Technical Analysis - The IAG stock price has shown a strong upward trend, moving from a low of 205.9p in April to 400p, with a peak of 425p on November 3 before dropping to 362p [8] - A double-bottom pattern formed at 362p, and the stock remains above all moving averages, suggesting potential for further gains, with a key resistance level at 425p and a psychological target of 500p [9]
iA Financial Group Awards $500,000 to Organizations Tackling Food Insecurity Nationwide
Businesswire· 2025-12-12 15:00
Core Points - iA Financial Group announced the winners of its ninth annual philanthropic contest, highlighting its commitment to community support [1] - Four organizations, La Maison de la Famille de Val-d'Or, Fred Victor Centre, Free Play for Kids Inc., and Greener Village, will each receive a donation of $100,000 [1] - The donations are aimed at supporting projects that improve food security within their respective communities [1]
IAMGOLD Completes Term Loan Repayment and Receives Approval for Normal Course Issuer Bid
Newsfile· 2025-12-09 22:00
Core Points - IAMGOLD Corporation has successfully completed the repayment of its $130 million 2nd Lien Term Loan, marking a significant step in its debt reduction strategy [1][2] - The Toronto Stock Exchange has approved IAMGOLD's normal course issuer bid to repurchase up to 57 million common shares, representing approximately 9.92% of its public float as of November 30, 2025 [1][2] - The share buyback program reflects management's confidence in the company's long-term value and aims to enhance financial flexibility [2][5] Financial Strategy - The repayment of the term loan is part of IAMGOLD's broader strategy to strengthen its balance sheet and improve financial flexibility [2][5] - The company plans to fund the share repurchases from its operating cash flows, with acquired shares either being canceled or held in trust for future obligations [5][4] - As of November 30, 2025, IAMGOLD had 575,475,425 issued and outstanding shares, with a maximum daily purchase limit of 585,822 shares under the bid [3][4] Operational Outlook - IAMGOLD is optimistic about its growth opportunities in 2026, particularly regarding the expansion potential of its Côté Gold project and other operations like Westwood, Essakane, and Nelligan Mining Complex [2][8] - The company emphasizes disciplined capital allocation and believes that the market may undervalue its shares, making the buyback an attractive investment [2][5]
IAG or AGI: Which Is the Better Value Stock Right Now?
ZACKS· 2025-12-02 17:41
Core Viewpoint - Investors are evaluating Iamgold (IAG) and Alamos Gold (AGI) to determine which stock offers better value at present [1] Valuation Metrics - IAG has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while AGI has a Zacks Rank of 3 (Hold) [3] - IAG's forward P/E ratio is 18.53, compared to AGI's forward P/E of 25.32, suggesting IAG may be undervalued [5] - The PEG ratio for IAG is 0.44, while AGI's PEG ratio is 0.52, indicating IAG's expected earnings growth is more favorable [5] - IAG's P/B ratio is 2.47, whereas AGI's P/B ratio is 3.85, further supporting IAG's valuation advantage [6] Value Grades - IAG has received a Value grade of B, while AGI has a Value grade of C, highlighting IAG's stronger position in terms of value metrics [6] - The combination of improving earnings outlook and favorable valuation metrics positions IAG as the superior value option [7]