XML 174 R119.htm IDEA: XBRL DOCUMENT
v3.25.1

LONG-TERM DEBT AND CREDIT FACILITY - Narrative (Details) $ in Millions, $ in Millions |  | 12 Months Ended |  |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | ---
Sep. 23, 2020 USD ($) | Dec. 31, 2024 USD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2024 CAD ($) | Dec. 20, 2024 USD ($) | Dec. 19, 2024 USD ($) | Dec. 31, 2023 CAD ($) | May 16, 2023 USD ($) | Dec. 31, 2022 USD ($)
Disclosure of detailed information about borrowings [line items] |  |  |  |  |  |  |  |  |
Available amount under Credit facility |  | $ 418.5 | $ 387.0 |  |  |  |  |  | $ 26.6
Borrowings, covenant, minimum liquidity requirement |  | 150.0 |  |  |  |  |  |  |
Unamortized deferred transaction costs |  | 77.8 | 68.3 |  |  |  |  |  |
Total carrying amount of the financial assets |  | $ 5,374.4 | $ 4,537.9 |  |  |  |  |  |
Weighted average interest rate of capitalized borrowing costs |  | 8.90% | 7.38% |  |  |  |  |  |
Carrying amount, net of unamortized deferred transaction costs and embedded derivatives |  | $ 1,028.9 | $ 830.8 |  |  |  |  |  |
Doyon and Côté Gold |  |  |  |  |  |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |  |  |  |  |  |
Bonds outstanding to guarantee the construction of Cote Gold mine |  | 177.5 | 152.5 | $ 255.7 |  |  | $ 201.4 |  |
Côté Gold mine |  |  |  |  |  |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |  |  |  |  |  |
Bonds outstanding to guarantee the construction of Cote Gold mine |  | 22.2 | 28.2 | $ 32.0 |  |  | 37.3 |  |
Not measured at fair value in statement of financial position but for which fair value is disclosed |  |  |  |  |  |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |  |  |  |  |  |
Total carrying amount of the financial assets |  | 472.0 | 501.4 |  |  |  |  |  |
Embedded derivative | Not measured at fair value in statement of financial position but for which fair value is disclosed |  |  |  |  |  |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |  |  |  |  |  |
Total carrying amount of the financial assets |  | 0.0 | 0.0 |  |  |  |  |  |
Credit Facility |  |  |  |  |  |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |  |  |  |  |  |
Available amount under Credit facility |  |  |  |  | $ 650.0 | $ 425.0 |  |  |
5.75% senior notes |  |  |  |  |  |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |  |  |  |  |  |
Face amount | $ 450.0 |  |  |  |  |  |  |  |
Unamortized deferred transaction costs | $ 7.5 |  |  |  |  |  |  |  |
Long-term debt |  | 450.0 | 450.0 |  |  |  |  |  |
Carrying amount, net of unamortized deferred transaction costs and embedded derivatives |  | $ 448.4 | 448.0 |  |  |  |  |  |
5.75% senior notes | Embedded derivative | Not measured at fair value in statement of financial position but for which fair value is disclosed |  |  |  |  |  |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |  |  |  |  |  |
Total carrying amount of the financial assets |  |  | 0.0 |  |  |  |  |  |
5.75% senior notes | October 15, 2024 |  |  |  |  |  |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |  |  |  |  |  |
Redemption price percentage | 102.875% |  |  |  |  |  |  |  |
5.75% senior notes | October 15, 2025 |  |  |  |  |  |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |  |  |  |  |  |
Redemption price percentage | 101.438% |  |  |  |  |  |  |  |
5.75% senior notes | October 15, 2026 and thereafter |  |  |  |  |  |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |  |  |  |  |  |
Redemption price percentage | 100.00% |  |  |  |  |  |  |  |
5.75% senior notes | Fixed interest rate |  |  |  |  |  |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |  |  |  |  |  |
Interest rate | 5.75% | 5.75% |  | 5.75% |  |  |  |  |
5.75 Percent Senior Notes, Including Embedded Derivatives at Inception | Embedded derivative |  |  |  |  |  |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |  |  |  |  |  |
Long-term debt | $ 454.2 |  |  |  |  |  |  |  |
Term Loan |  |  |  |  |  |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |  |  |  |  |  |
Face amount |  |  |  |  |  |  |  | $ 400.0 |
Long-term debt |  | $ 400.0 | 400.0 |  |  |  |  |  |
Term of borrowings |  | 5 years |  |  |  |  |  |  |
Borrowing costs incurred |  | $ 11.0 |  |  |  |  |  |  |
Weighted average interest rate of capitalized borrowing costs |  | 3.00% |  |  |  |  |  |  |
Make-whole premium, discounted value if paid within two years |  | 104.00% |  |  |  |  |  |  |
Make-whole premium, discounted value if paid after two years |  | 104.00% |  |  |  |  |  |  |
Make-whole premium, discounted value if paid after three years |  | 101.00% |  |  |  |  |  |  |
Make-whole premium, discounted value if paid thereafter |  | 100.00% |  |  |  |  |  |  |
Term Loan | Embedded derivative | Not measured at fair value in statement of financial position but for which fair value is disclosed |  |  |  |  |  |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |  |  |  |  |  |
Total carrying amount of the financial assets |  | $ 26.7 | 5.1 |  |  |  |  |  |
Term Loan | Embedded derivative |  |  |  |  |  |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |  |  |  |  |  |
Financial assets, at fair value |  | $ 26.7 | 5.1 |  |  |  |  | $ 1.0 |
Term Loan | Fixed interest rate |  |  |  |  |  |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |  |  |  |  |  |
Interest rate |  | 8.25% |  | 8.25% |  |  |  |  |
Equipment loans |  |  |  |  |  |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |  |  |  |  |  |
Long-term debt |  | $ 2.1 |  |  |  |  |  |  |
Carrying amount, net of unamortized deferred transaction costs and embedded derivatives |  | $ 2.1 | 7.2 |  |  |  |  |  |
Equipment loans | Top of range |  |  |  |  |  |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |  |  |  |  |  |
Interest rate |  | 5.30% |  | 5.30% |  |  |  |  |
Uncollateralized Surety Bonds |  |  |  |  |  |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |  |  |  |  |  |
Long-term debt |  | $ 159.2 |  |  |  |  |  |  |
Uncollateralized Surety Bonds | Westwood and Côté Gold |  |  |  |  |  |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |  |  |  |  |  |
Bonds outstanding to guarantee the construction of Cote Gold mine |  | 7.4 | 22.6 | $ 10.6 |  |  | $ 29.8 |  |
Cash Collateral | Westwood and Côté Gold |  |  |  |  |  |  |  |  |
Disclosure of detailed information about borrowings [line items] |  |  |  |  |  |  |  |  |
Bonds outstanding to guarantee the construction of Cote Gold mine |  | $ 10.9 | $ 10.9 |  |  |  |  |  |

X
- Definition Borrowing Facilities, Maximum Borrowing Capacity + References No definition available. + Details
Name: | iag_BorrowingFacilitiesMaximumBorrowingCapacity
Namespace Prefix: | iag_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Borrowings, Covenant, Minimum Liquidity Requirement + References No definition available. + Details
Name: | iag_BorrowingsCovenantMinimumLiquidityRequirement
Namespace Prefix: | iag_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Borrowings Net of Prepaid Transaction Cost + References No definition available. + Details
Name: | iag_BorrowingsNetofPrepaidTransactionCost
Namespace Prefix: | iag_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Debt Instrument, Redemption Price, Percentage 1 + References No definition available. + Details
Name: | iag_DebtInstrumentRedemptionPricePercentage1
Namespace Prefix: | iag_
Data Type: | dtr-types1:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability1 + References No definition available. + Details
Name: | iag_FairValueDisclosureOffbalanceSheetRisksAmountLiability1
Namespace Prefix: | iag_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Make-Whole Premium, Discounted Value If Paid After Three Years + References No definition available. + Details
Name: | iag_MakeWholePremiumDiscountedValueIfPaidAfterThreeYears
Namespace Prefix: | iag_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Make-Whole Premium, Discounted Value If Paid After Two Years + References No definition available. + Details
Name: | iag_MakeWholePremiumDiscountedValueIfPaidAfterTwoYears
Namespace Prefix: | iag_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Make-Whole Premium, Discounted Value If Paid Thereafter + References No definition available. + Details
Name: | iag_MakeWholePremiumDiscountedValueIfPaidThereafter
Namespace Prefix: | iag_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Make-Whole Premium, Discounted Value If Paid Within Two Years + References No definition available. + Details
Name: | iag_MakeWholePremiumDiscountedValueIfPaidWithinTwoYears
Namespace Prefix: | iag_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Term of borrowings + References No definition available. + Details
Name: | iag_TermOfBorrowings
Namespace Prefix: | iag_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of a present economic resource controlled by the entity as a result of past events. Economic resource is a right that has the potential to produce economic benefits. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2024-01-01 -Paragraph 93 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2024-en-r&anchor=para_93_a&doctype=Standard -URIDate 2024-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2024-01-01 -Paragraph 28 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2024-en-r&anchor=para_28_c&doctype=Standard -URIDate 2024-03-27 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2024-01-01 -Paragraph 93 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2024-en-r&anchor=para_93_e&doctype=Standard -URIDate 2024-03-27 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2024-01-01 -Paragraph 23 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2024-en-r&anchor=para_23&doctype=Standard -URIDate 2024-03-27 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2024-01-01 -Paragraph 93 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2024-en-r&anchor=para_93_b&doctype=Standard -URIDate 2024-03-27 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_55&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_Assets
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount of interest and other costs that an entity incurs in connection with the borrowing of funds that are directly attributable to the acquisition, construction or production of a qualifying asset and which form part of the cost of that asset. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 23 -IssueDate 2024-01-01 -Paragraph 26 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=23&code=ifrs-tx-2024-en-r&anchor=para_26_a&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_BorrowingCostsCapitalised
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of interest and other costs that an entity incurs in connection with the borrowing of funds. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 112 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_112_c&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_BorrowingCostsIncurred
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of outstanding funds that the entity is obligated to repay. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_55&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_Borrowings
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The interest rate on borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 7 -IssueDate 2024-01-01 -Paragraph 7 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_7&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_BorrowingsInterestRate
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The weighted average of interest and other costs that an entity incurs in connection with the borrowing of funds applicable to the borrowings of the entity that are outstanding during the period, other than borrowings made specifically for the purpose of obtaining a qualifying asset. [Refer: Weighted average [member]; Borrowings] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 23 -IssueDate 2024-01-01 -Paragraph 26 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=23&code=ifrs-tx-2024-en-r&anchor=para_26_b&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table. + References No definition available. + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The fair value of financial assets. [Refer: At fair value [member]; Financial assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2024-01-01 -Paragraph 25 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_25&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_FinancialAssetsAtFairValue
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The nominal or face amount of a financial instrument, used to calculate payments made on that instrument. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 112 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_112_c&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_NotionalAmount
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | iag_NameOfProperty1Axis=iag_DoyonAndCtGoldMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | iag_NameOfProperty1Axis=iag_CtGoldProjectMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_MeasurementAxis=ifrs-full_NotMeasuredAtFairValueInStatementOfFinancialPositionButForWhichFairValueIsDisclosedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfAssetsAxis=iag_EmbeddedDerivativeFinancialInstruments1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=iag_February2016FourYearCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=iag_A575PercentSeniorSecuredNotesDue2028Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | iag_DebtInstrumentRedemptionPeriod1Axis=iag_DebtInstrumentRedemptionPeriodOne1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | iag_DebtInstrumentRedemptionPeriod1Axis=iag_DebtInstrumentRedemptionPeriodTwo1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | iag_DebtInstrumentRedemptionPeriod1Axis=iag_DebtInstrumentRedemptionPeriodThree1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfInterestRatesAxis=ifrs-full_FixedInterestRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=iag_A5.75PercentSeniorNotesIncludingEmbeddedDerivativesAtInceptionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialAssetsAxis=iag_EmbeddedDerivativeFinancialInstruments1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=iag_TermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=iag_CaterpillarFinanceCorporationEquipmentLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=iag_UncollateralizedSuretyBondsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | iag_NameOfProperty1Axis=iag_WestwoodAndCoteGoldMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=iag_CashCollateralMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |