On May 24, 2024, IAMGOLD Corporation successfully closed its "bought deal" equity financing, raising $405 million (US$300.24 million) through the issuance of 72 million common shares at $5.63 (US$4.17) each. The transaction, initially announced on May 21, 2024, was managed by a syndicate of underwriters led by National Bank Financial Markets, BMO Capital Markets, and RBC Capital Markets.

The company planned to use the net proceeds to repurchase the 9.7% interest in the Côté Gold Mine from Sumitomo Metal Mining Co. Ltd., thereby restoring IAMGOLD’s full 70% ownership in the mine. Until the repurchase is finalized, expected by the end of the year, the funds will be either deposited in an interest-bearing account or used to repay amounts drawn under IAMGOLD's credit facility, adhering to prudent cash management practices.

Legal advisors for the transaction included National Bank Financial Markets, BMO Capital Markets, and RBC Capital Markets. The registration statement for this offering was filed with the U.S. Securities and Exchange Commission (SEC), and documents related to this filing are accessible through the SEC's Electronic Data Gathering, Analysis, and Retrieval system.

This announcement did not constitute an offer to sell or the solicitation of an offer to buy common shares in any jurisdiction where such actions would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.