IAMGOLD

• Côté Gold: Canada’s newest large-scale open pit gold mine, a model for modern mining, with significant growth and expansion potential

• Westwood: Quebec underground success story, generating positive cashflow with a revised technical approach to underground mining

• Essakane: 6^th largest gold mine in West Africa, leader in the community, averaging ~ 400,000 oz per year over last 10 years

• Nelligan Complex: Acquisition of Northern Superior and Mines d’Orbec consolidates Chibougamau region with combined project among the largest pre-production gold camps in Canada

• Responsibility: Committed to responsible mining practices and focus on safety

• Gold is now a mainstream portfolio asset, not just a hedge — with investment demand up significantly in 2025.

• Forecasts point to gold reaching ~US $4,000/oz by 2026 — making current levels a potentially favorable entry.

• IAMGOLD’s cost structure offers strong margin leverage if gold continues rising.

• Key project (Côté Gold) in Canada: Large-scale, long-life asset in stable jurisdiction.

• Macro risk backdrop (inflation, dollar debasement, geopolitics) remains amplified — making gold’s safe-haven role more relevant.

• Supply constraints + heavy central-bank buying = potential structural support for price upside.

• With IAMGOLD’s growing free cash flow, improved operations and expansion potential, the equity upside of a gold producer becomes more compelling.

• For investors seeking both metal exposure and producer leverage, this is a timely window.