IAMGOLD Corporation (NYSE:IAG) Q1 2024 Earnings Call Transcript

Maarten Theunissen: Tanya, there’s a lot of different factors that of course come into that to say that we can generate enough free cash flow to buy it back in the first half of ’25. Going through all the inputs and outputs and risk, it’s hard to say with 100% confidence, but for us, we continue to see that the value of what we’re paying for the underlying asset to make sense for us to buy it back, and we continue to look at all the options that’s available to us to realize that value.

Tanya Jakusconek: Okay, well–all right. I assume you have a model that would show some–if you assume everything goes well, there’s a timeline, and I understand things and go and this Burkina Faso money in-country, but assuming you can’t access it, would it be fair to have it in first half, or should I be thinking later in the year?

Renaud Adams: You’re talking about later in the year to be–

Tanya Jakusconek: 2025.

Renaud Adams: 2025? Yes, I mean, there is two ways to look at it. Of course, it depends the gold price you’re using and so forth. We will see this summer how we go–

Tanya Jakusconek: Well, I was just assuming spot.

Renaud Adams: Yes, I mean–yes. I guess if you assume that, yes, at some point in time the cash flow of the company will be sufficient, of course, to prepay. It’s just a matter of timing.

Tanya Jakusconek: Okay, thank you.

Renaud Adams: Thanks.

Operator: This concludes the question and answer session. I would like to turn the conference back over to Graeme Jennings for any closing remarks. Please go ahead.

Graeme Jennings: Thank you very much Operator, and thank you everyone for joining us this morning. As always, if you have any further questions, please reach out to Renaud or myself. Thank you all. Be safe and have a great day.

Operator: This concludes today’s conference call. You may disconnect your lines. Thank you for participating and have a pleasant day.