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# IAMGOLD Stock Jumps 6.23% — Planned Royalty Buyback Would Lower Côté Costs
- URL: https://www.bullished.co/iamgold-stock-jumps-6-23-planned-royalty-buyback-would-lower-cote-costs-60ad8e4a/
- Published: 2026-11-06T20:48:20.000Z
- Updated: 2026-11-06T20:48:20.000Z
- Description: Management expects the approximately $525 million royalty repurchase to close in December and reduce Côté cash costs starting in 2027.
- Author: Matteo Parrino
- Tags: Markets, IAG, Industry: Materials

[IAMGOLD](https://www.bullished.co/tag/iag/), a gold mining company, jumped 6.23% to $18.59 in Friday trading, as of 3:46 p.m. ET, adding $622 million in market value. On Friday’s earnings call, management said a planned royalty repurchase would reduce Côté cash costs by approximately [$150 per ounce](https://seekingalpha.com/news/4668443-iamgold-outlines-150-oz-cote-cash-cost-reduction-starting-2027-as-it-plans-to-repurchase-50?ref=bullished.co) starting in 2027.

## A $525 Million Royalty Repurchase

The cost reduction depends on a transaction that is still pending. IAMGOLD expects to close its approximately [$525 million repurchase](https://www.sec.gov/Archives/edgar/data/1203464/000106299326005777/exhibit99-1.htm?ref=bullished.co) in December, buying back half of Franco-Nevada’s Côté royalty.

Management [outlined lower costs](https://www.benzinga.com/news/26/11/62978170/iamgold-q3-2026-earnings-call-transcript?ref=bullished.co) at Côté on Friday’s earnings call. The expected savings concern the mine’s cash costs per ounce, with the reduction set to begin in 2027 rather than representing a current operating result.

The call also brought questions about refinery payments and recovering gold from tank sludge. Executives cautioned against counting that material as guaranteed production.

## A Recovery Below The Peak

IAMGOLD was on pace for its third straight daily gain in Friday trading. Its market value stood at $10.61 billion in Friday trading, as of 3:46 p.m. ET.

The recent recovery followed a weaker year-to-date performance than the broader market. At Thursday’s close, IAMGOLD shares were up 6% for the year, against an 8% gain for the S&P 500\. The stock was still 29% below its highest close of the past year.

Beyond the royalty repurchase, management plans to publish a [Côté-Gosselin mine plan](https://www.benzinga.com/news/26/11/62978170/iamgold-q3-2026-earnings-call-transcript?ref=bullished.co) this quarter. The combined plan could increase reserves and extend mine life.

December is the expected closing month for the royalty repurchase; management’s projected reduction in Côté cash costs starts in 2027.

### Sources

- [Iamgold outlines \~$150/oz Côté cash cost reduction starting 2027 as it plans to repurchase 50% of Franco-Nevada royalty for \~$525M (NYSE:IAG) | Seeking Alpha](https://seekingalpha.com/news/4668443-iamgold-outlines-150-oz-cote-cash-cost-reduction-starting-2027-as-it-plans-to-repurchase-50?ref=bullished.co) — seekingalpha.com
- [Iamgold: Q3 Earnings Snapshot – WTOP News](https://wtop.com/national/2026/11/iamgold-q3-earnings-snapshot/?ref=bullished.co) — wtop.com
- [Iamgold: Q3 Earnings Snapshot](https://finance.yahoo.com/markets/stocks/articles/iamgold-q3-earnings-snapshot-224139418.html?ref=bullished.co) — Associated Press
- [Iamgold Q3 2026 Earnings Call Transcript](https://www.benzinga.com/news/26/11/62978170/iamgold-q3-2026-earnings-call-transcript?ref=bullished.co) — benzinga.com
- [Stock Movers: ASML, Man Group, IAG (Correct) - Bloomberg](https://www.bloomberg.com/news/audio/2026-11-06/stock-movers-asml-man-group-iag?ref=bullished.co) — Bloomberg
- [The company's filing (IAMGOLD)](https://www.sec.gov/Archives/edgar/data/1203464/000106299326005777/exhibit99-1.htm?ref=bullished.co) — SEC filing

### More on IAMGOLD

- [IAMGOLD Finds Gold In Westwood Sludge — Recovery Remains Outside Its 2026 Guidance](https://www.bullished.co/iamgold-finds-gold-in-westwood-sludge-recovery-remains-outside-its-2026-guidance-21bce68f/)
- [IAMGOLD Revenue Reaches $856.5 Million — Higher Gold Prices Also Push Up Royalties](https://www.bullished.co/iamgold-revenue-reaches-856-5-million-higher-gold-prices-also-push-up-royalties-fc2a2082/)
- [BlackRock Now Holds 5.1% Of IAMGOLD, 28.97 Million Shares](https://www.bullished.co/blackrock-now-holds-5-1-of-iamgold-28-97-million-shares-5615a520/)

[All IAMGOLD (IAG) coverage →](https://www.bullished.co/tag/iag/)