SCHEDULE 13G: Donald Smith & Co. Discloses 5.03% Passive Stake in IAMGOLD Corp
Beneficial Ownership Disclosure
Donald Smith & Co., Inc. and DSCO Value Fund, L.P. have jointly disclosed a passive beneficial ownership of 5.03% in IAMGOLD Corp, totaling 28,805,304 common shares.
Summary
- Donald Smith & Co., Inc., an investment adviser, and DSCO Value Fund, L.P., a partnership, have jointly filed a Schedule 13G, disclosing their beneficial ownership in IAMGOLD Corp.
- As of March 31, 2025, the reporting persons collectively beneficially own 28,805,304 common shares of IAMGOLD Corp.
- This aggregate ownership represents 5.03% of IAMGOLD Corp's common stock.
- The shares are stated to be acquired and held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
- Donald Smith & Co., Inc. holds sole voting power over 28,101,455 shares and sole dispositive power over 28,557,015 shares.
- DSCO Value Fund, L.P. holds sole voting power over 248,289 shares and sole dispositive power over 248,289 shares.
- Neither reporting person holds shared voting or dispositive power over any shares.
Sentiment
Score: 5
Explanation: The document is a factual regulatory filing (Schedule 13G) disclosing beneficial ownership, and does not contain qualitative statements or performance metrics that would indicate a positive or negative sentiment. It is neutral in tone and content.
Positives
- The disclosure indicates a significant investment by Donald Smith & Co., Inc., a recognized investment adviser, and DSCO Value Fund, L.P., in IAMGOLD Corp, signaling their confidence in the company as a passive investment.
Negatives
- No negative information is disclosed in this regulatory filing.
Future Outlook
The document is a beneficial ownership disclosure and does not contain any forward-looking statements or guidance regarding IAMGOLD Corp's future outlook.
Management Comments
- Richard L. Greenberg, CEO & Co-CIO of Donald Smith & Co., Inc. and DSCO Value Fund, L.P., certified that, to the best of his knowledge and belief, the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of the issuer.
Industry Context
This filing pertains to an investment firm's passive stake in IAMGOLD Corp, a company operating in the gold mining sector. It does not provide direct insights into broader industry trends but reflects an investment decision within the sector.
Stakeholder Impact
- Shareholders: The disclosure of a 5.03% passive stake by a notable investment firm may be viewed positively by existing and potential shareholders, potentially enhancing market confidence in IAMGOLD Corp.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires filing of this statement (beneficial ownership threshold crossed). |
| 04/30/2025 | Date of agreement and consent to joint filing of Schedule 13G. |
| 05/14/2025 | Date of signing and filing of the Schedule 13G statement. |
Keywords
IAMGOLD Corp, Donald Smith & Co., DSCO Value Fund, Schedule 13G, beneficial ownership, common stock, passive investment, gold mining, institutional investment
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