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IAMGOLD ( (TSE:IMG) ) just unveiled an announcement.
IAMGOLD Corporation has announced an amendment to its secured revolving credit facility, extending its term to 2028 and increasing its size from $425 million to $650 million. This adjustment is set to provide the company with greater financial flexibility, enabling it to potentially lower its debt costs and improve its capital structure, especially as it anticipates strong cash flows from its mining operations in 2025.
More about IAMGOLD
IAMGOLD Corporation is an intermediate gold producer and developer based in Canada with operations in North America and West Africa. The company operates the Côté Gold Mine, one of the largest gold mines in Canada, in partnership with Sumitomo Metal Mining Co. Ltd. It also has a portfolio of early-stage and advanced exploration projects in high-potential mining districts. IAMGOLD is committed to high standards of Environmental, Social, and Governance practices and aims for Zero Harm® in its operations.
YTD Price Performance: 105.53%
Average Trading Volume: 8,231,471
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.97B
Find detailed analytics on IMG stock on TipRanks’ Stock Analysis page.
