IAMGOLD Boosts Portfolio With Northern Superior Acquisition

Core Insights - IAMGOLD Corp. has successfully completed the acquisition of Northern Superior Resources Inc., enhancing its Nelligan Mining Complex to become one of Canada's largest pre-production gold projects [1][4]. Acquisition Details - The acquisition agreement was finalized on October 20, 2025, combining IAMGOLD's Nelligan and Monster Lake Projects with Northern Superior's assets, including Philibert, Chevrier, and Croteau, to create the Nelligan Mining Complex [2][7]. - The combined entity is estimated to contain 3.75 million ounces of gold in Measured and Indicated resources and 8.65 million ounces in Inferred resources, while also adding 70,636 hectares of claims, more than doubling IAMGOLD's landholdings in the district [3][7]. Shareholder Compensation - Former shareholders of Northern Superior will receive a combination of 0.0991 IAMGOLD common shares and C$0.19 (approximately $0.57) in cash as part of the acquisition [4]. Financial Performance - In Q3 2025, IAMGOLD reported adjusted earnings of 30 cents per share, surpassing the Zacks Consensus Estimate of 21 cents, and showing an increase from 18 cents in the same quarter the previous year [5]. - Revenues for Q3 2025 reached $707 million, reflecting a 61% year-over-year increase driven by higher sales volume and prices [5]. Stock Performance - IAMGOLD's stock has increased by 241.5% over the past year, significantly outperforming the industry average increase of 151.8% [6].