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roadkilll

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roadkilll

Re: roadkilll post# 1172

Thursday, 01/16/2025 8:36:23 PM

Thursday, January 16, 2025 8:36:23 PM

Post# of 1178
Looking forward and the prepay gold for Q2 2025
Key terms of the 2025 Q2 Prepay Arrangement are as follows:

Funding of $59.4 million is provided to IAMGOLD at an effective gold price of $1,900 per ounce (net of financing costs) and paid equally in three monthly increments in the second quarter of 2024 for physical delivery of 31,250 ounces of gold over the period of April 2025 to June 2025.
The arrangement has a collar range of $2,100 to $2,925 and IAMGOLD will receive a cash payment based on the market price, if it is within the collar range in the month of delivery.
.
Not an accountant and wondering if this means Iamgold will recieve payment for anything above $1900?
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