Iamgold Announces Assay Results from 2024 Nelligan Drilling Program
NEWS RELEASE TSX: IMG NYSE: IAG
IAMGOLD ANNOUNCES ASSAY RESULTS FROM 2024 NELLIGAN DRILLING PROGRAM
All monetary amounts are expressed in U.S. dollars, unless otherwise indicated.
Toronto, Ontario, October 23 , 202 4 – IAMGOLD Corporation (NYSE:IAG, TSX:IMG) (“IAMGOLD” or the
“Company”) is pleased to announce assay results from the 2024 drilling program completed at its Nelligan Project
(100% owned by IAMGOLD) confirming the extension of the mineralized zones of the deposit. In addition, the
Company has provided a n updated mineral resource estimate for the Monster Lake Project (100% IAMGOLD) in
order to refresh the 2018 NI 43-101 technical report. Both projects are located in the Chibougamau region in central
Quebec, Canada.
Highlights of the Neligan drilling program:
Zone 36:
• 46.1 metres (“m”) at 1.08 grams per tonne gold (“g/t Au”) , including 6.3 m at 2.60 g/t Au in hole NE-24-
222;
• 18.8 m at 3.26 g/t Au, including 4.0 m at 8.05 g/t Au and 1.3 m at 10.8 g/t Au in hole NE-24-224;
• 18.5 m at 1.23 g/t Au and 37.0 m at 1.38 g/t Au, including 1.5 m at 8.86 g/t Au in hole NE-24-225A;
• 48.8 m at 1.48 g/t Au, including 7.5 m at 2.90 g/t Au and including 6.8 m at 2.73 g/t Au in hole NE -24-228;
• 29.5 m at 1. 19 g/t Au, 28.0 m at 1. 62 g/t Au and 36.1 m at 1.63 g/t Au, including 1.5 m at 17.90 g/t Au in
hole NE-24-233.
Renard Zone:
• 25.5 m at 2.12 g/t Au, including 1.5 m at 10.9 g/t Au in drill hole NE-24-224;
• 35.2 m at 2.54 g/t Au, including 1.5 m at 7.18 g/t Au and 1.5 m at 9.22 g/t Au in drill hole NE-24-225A;
• 23.5 m at 4.02 g/t Au, including 6.5 m at 7.51 g/t Au and 4.0 m at 8.05 g/t Au in drill hole NE-24-227A;
• 29.0 m at 2.79 g/t Au, including 1.0 m at 29.4 g/t Au in drill hole NE-24-228;
• 17.5 m at 5.18 g/t Au, including 1.5 m at 18.5 g/t Au and 1.1 m at 19.6 g/t Au in drill hole NE-24-230C;
• 32.9 m at 2.75 g/t Au, including 3.0 m at 7.05 g/t Au and 0.8 m at 11.7 g/t Au in drill hole NE-24-233;
• 34.5 m at 2.57 g/t Au, including 1.7 m at 10.9 g/t Au in drill hole NE-24-235A.
Footwall Zone:
• 19.0 m at 5.15 g/t Au, including 1.5 m at 48.0 g/t Au, and 28.5 m at 0.90 g/t Au in drill hole NE-24-222;
• 43.0 m at 2.28 g/t Au, including 3.0 m at 7.70 g/t Au and 23.5 m at 2.31 g/t Au, including 1.5 m at 13.25 g/t
Au in drill hole NE-24-223A;
• 25.5 m at 1.92 g/t Au, including 1.5 m at 7.89 g/t Au, 9.0 m at 7.25 g/t Au, including 1.5 m at 38.8 g/t Au and
31.5 m at 1.50 g/t Au in drill hole NE-24-225A;
• 11.9 m at 5.70 g/t Au, including 1.5 m at 31.2 g/t Au, 19.1 m at 3.09 g/t Au, including 1.0 m at 20.0 g/t Au
and including 0.9m at 19.9 g/t Au, and 54.5 m at 0.95 g/t Au, including 9.0 m at 1.35 g/t Au in drill hole NE-
24-226B;
• 22.5 m at 3.85 g/t Au, including 3.0 m at 22.0 g/t Au, 18.0 m at 0.98 g/t Au and 25.5 m at 1.28 g/t Au in drill
hole NE-24-228;
• 7.0 m at 4.81 g/t Au, including 1.0 m at 26.1 g/t Au, and 39.0 m at 1.27 g/t Au, including 6.0 m at 3.07 g/t Au
in drill hole NE-24-231A;
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• 26.0 m at 2.91 g/t Au, including 1.0 m at 36.7 g/t Au and including 1.5 m at 1 3.1 g/t Au, and 23.5 m at 1.41
g/t Au, including 1.5 m at 6.98 g/t Au in drill hole NE-24-233.
Highlights of the updated Monster Lake Mineral Resource Estimate:
• An updated Mineral Resource estimate for Monster Lake was completed to refresh the 2018 NI 43 -101
technical report. An updated NI 43-101 report will be filed on SEDAR within 45 days of this news release.
• Indicated Mineral Resources: 239,000 tonnes averaging 11.0 g/t Au for 84,200 ounces of gold; and
• Inferred Mineral Resources: 1,053,000 tonnes averaging 14.4 grams g/t Au for 488,500 ounces of gold
o Monster Lake Mineral Resource estimate saw an upgrade of 84,200 ounces from previous inferred
into new indicated resources and a 32% increase in inferred resources.
• Monster Lake continues to have potential for future resource expansion.
Renaud Adams , President and Chief Executive Officer of IAMGOLD, stated: “ IAMGOLD has a long legacy of
exploration success, which has been overshadowed with our recent successes at Côté Gold and the growth of the
Gosselin Zone. Meanwhile, our exploration teams have continued to prudently conduct targeted value-added
exploration activities, including the expansion of Nelligan and the Chibougamau District. The results today from
Nelligan demonstrate the potential for expansion of what is a large -scale asset located in a great mining jurisdiction
of Canada. Our current priority continues to be the safe and stable ramp up and growth of Côté Gold, while we look
forward to the updated Mineral Resource estimate for Nelligan early next year to build off the current estimate of
approximately 2 million Indicated gold ounces and 4 million ounces of Inferred Mineral Resources.”
Commenting on the Chibougamau Camp exploration progresses, Marie-France Bugnon, Vice President, Exploration
for IAMGOLD, stated: " I want to congratulate our Quebec exploration team for their significant progress into the
assessment of our Chibougamau district exploration portfolio. The assay results released today confirm the extension
of the mineralized sequence in the eastern down-plunge of the Nelligan deposit. In addition, the increasing widths of
the Footwall Zone are encouraging and highlight the pote ntial for growth at depth of the gold mineralized system
where some holes return better than average grade and widths. We believe that the exploration potential for Nelligan
is wide open. On Monster Lake, the Mineral Resource estimate allows for an updated version of the NI 43 -101
technical report to be filed. The estimate incorporates few additional drilling results obtained from 2018 to 2021 drilling
programs and yet highlights the high-grade nature of the main gold-bearing shear-hosted quartz vein system. Future
exploration programs will continue to test priority areas similar to the Megane zone.”
Nelligan Drilling Program Results
IAMGOLD is reporting assay results from seventeen (17) diamond drill holes totaling 13,476.8 metres completed as
part of the 2024 exploration program on Nelligan between February 4 and July 25, 2024. This total includes fifteen
holes completed in the resource area of the Nelligan deposit and two exploration holes testing targets in the northern
portion of the Nelligan property. Few holes were recollared due to excessive deviation. Please refer to the plan map
and sections for drill hole locations outlined in Figures 1, 2 and 3 below. In addition, the full assay results are provided
in Table 1 at the end of this news release.
The 2024 diamond drilling program was designed to expand the deposit in the eastern part at depth of the deposit
and complete some in -fill drilling in selected areas to improve resource classification from inferred to indicated.
Mineralization associated with the estimated Mineral Resources has been intersected over a strike length of more
than 1.8 kilometres and to a depth of 350 to over 500 vertical metres. The mineralized system of Renard remains
open along strike and at depth.
An exploration target located to the north of the currently defined Mineral Resource area was tested for the presence
of additional zones of mineralization , and while a ltered and sheared volcano -sedimentary rocks were intersected ,
results were not significant.
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Figure 1 – Nelligan 2024 drill hole surface plan
Figure 2 – Nelligan Long Vertical Cross section through Renard and Footwall Zones
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Figure 3 – Cross Section for holes NE-24-224 and NE-24-226B
Next Steps
The 2024 diamond drilling program has successfully extended the Nelligan deposit in its shallow plunging extension to the
East (below 500 metres vertical depth) and has confirmed the increasing width of the Footwall Zone forming the north part
of the deposit mineralized sequence. These results are currently incorporated into the deposit model and will support an
updated Mineral Resource estimate anticipated for year-end Mineral Resources disclosure.
The next phases of diamond drilling will aim to complete a set of infill and/or expansion drilling depending on the updated
Mineral Resources Estimate results and to continue to improve resources classification. Technical studies will continue to
advance metallurgical testing and other engineering studies.
Regional exploration activities and future exploration programs will continue and will be guided by the ongoing incorporation
and compilation of field exploration data to refine geological, geochemical and structural models to help identify and prioritize
additional targets for evaluation on the larger project land package.
About the Nelligan Deposit
The Nelligan project is underlain by a portion of the Caopatina segment of the North Volcanic Zone of the Abitibi Belt of the
Superior Province. The property is centered on the E -W Druillette syncline with sediments of the Caopatina Formation
bounded to the north and to the south by volcanic rocks of the Obatogamau Formation. The North and South portions of
the property are occupied by granodioritic to tonalitic intrusions. The project is transected by numerous regional and local
structures and deformation zones which can be important in the localization of gold mineralization.
Gold showings of the area are observed broadly as two styles of mineralization: 1) Quartz -sulphide vein type, and 2)
disseminated sulphide (pyrite) mineralization in hydrothermally altered units. Mineralization observed on the Nelligan
deposit is dominated by the latter and is characterized by hydrothermal alteration of the host meta -sedimentary units
displaying variable carbonatization, sericite, phlogopite and pervasive silicification; and associated with widespread
disseminated pyrite, varying from 1% to locally 15%, trace molybdenite and occasionally fine grains of visible gold.
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As of December 31, 2023, estimated Mineral Resources at the Nelligan deposit are comprised of 74.5 million tonnes of
Indicated resources grading 0.84 grams of gold per tonne for 2.0 million ounces of contained gold and 142.6 million tonnes
of Inferred resources grading 0.85 grams of gold per tonne for 3.9 million ounces of contained gold.
Monster Lake Update Mineral Resources Estimate
IAMGOLD is also reporting an updated Mineral Resource estimate for the Monster Lake project.
The Mineral Resource estimate for the Monster Lake project (using a US$1,800 per ounce gold price) comprises:
• 239,000 tonnes of indicated Mineral Resources averaging 11.0 g/t Au for 84,200 ounces of gold; and
• 1,053,000 tonnes of inferred Mineral Resources averaging 14.4 g/t Au for 488,500 ounces of gold.
The estimate was completed following the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition
Standards incorporated by reference in National Instrument 43 -101 – Standards of Disclosure for Mineral Projects
(“NI 43-101”). The estimate also follows the CIM MRMR Best Practice Guidelines (2019).
Relative to the 2018 initial mineral resources estimate which comprised 1,109,700 tonnes of inferred resources
averaging 12.14 grams of gold per tonne for 433,300 contained ounces (see news releases dated March 28, 2018),
the current updated Mineral Resources increased by 84,200 ounces in the Indicated Resources and by 55,200 ounces
in Inferred Resources, with an increased gold price of US$1,800 per ounce (compared to US$1,500 per ounce in
2018), and an increased calculated cut-off grade from 3.5 g/t Au to 4.1 g/t Au due to increasing mining costs compared
to 2018.
IAMGOLD will file an updated NI 43 -101 technical report for Monster Lake on SEDAR at www.sedar.com within 45
days of the date of this news release.
`
Mineral Resources Statement - Monster Lake Gold Project
as at July 16, 2024
Underground Mineral Resource (at 4,1 g/t Au cut-off)
Classification
Tonnes Grade Ounces
(t) (g/t Au) (oz Troy Au)
Indicated 239 000 11,0 84 200
Inferred 1 053 000 14,4 488 500
Notes:
(1) These mineral resources are not mineral reserves as they do not have demonstrated economic viability. The MRE follows current CIM
Definition Standards (2014) and CIM MRMR Best Practice Guidelines (2019). The results are presented undiluted and are conside red
to have reasonable prospects for eventual economic extraction (“RPEEE”).
(2) The independent and qualified persons for the mineral resource estimate, as defined by NI 43-101, are Martin Perron, P.Eng., Audrey
Lapointe, P.Geo., and Simon Boudreau, P.Eng. (InnovExplo), and the effective date of the estimate is July 16, 2024.
(3) The resource estimate incorporates assay results from 420 diamond drill holes recorded on the entire property and is based on a
compilation of historical holes and 161 recent diamond drill holes completed by IAMGOLD, including 51 diamond drill holes (for 17,724
metres) since end of 2017.
(4) The estimation encompasses thirteen (13) lenses and a dilution envelope using LeapFrog Geo and interpolated using Isatis Neo.
(5) 1.0-m composites were calculated within the mineralized zones using the grade of the adjacent material when assayed or a value of
zero when not assayed. High-grade capping on composites (supported by statistical analysis) was set between 10.0 and 175.0 g/t Au
for high-grade envelopes and 5.0 g/t Au for the dilution envelope.
(6) The estimate was completed using a sub-block model in Isatis Neo, with a parent block size of 5m x 5m x 5m (X,Y,Z) and a sub -block
size of 1.25m x 1.25m x 1.25m (X,Y,Z).
(7) Grade interpolation was obtained by the Ordinary Kriging (OK) method using hard boundaries.
(8) Density values of 2.88 to 2.95 g/cm3 were assigned to all mineralized zones.
(9) Mineral resources were classified as Indicated and Inferred. Indicated resources are defined for blocks were estimated if the 3 holes
closest to the block have an average distance < 30 m, and there is reasonable geological and grade continuity. The inferred category is
defined for blocks estimated if the 3 holes closest to the block have an average distance < 50 m and if the block was not cla ssified as
Indicated and there is reasonable geological and grade continuity.
(10) The MRE is locally constrained and meet the RPEEE requirement by applying constraining volumes to all blocks (selective underground
long-hole extraction scenario) using Deswik Mineable Shape Optimizer (DSO).
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(11) The RPEEE requirement is satisfied by having a cut-off grade based on reasonable parameters for an underground extraction scenario.
The estimate is presented for potential underground scenarios (realized in Deswik) over a minimum width of 2 m for blocks 20 m high
by 20 m long at a cut -off grade of 4.1 g/t Au for the long-hole method. Cut-off grades reflect the currently defined geometry and dip of
the mineralized envelopes. The underground cut-off grade was calculated using the following parameters: mining cost = CA$150.00/t;
processing & transport cost = CA$ 97.87/t; G&A cost = CA$ 25.00/t; selling costs = CA$5.00/t; gold price = US$1,8 00/oz; USD/CAD
exchange rate = 1.25 and mill recovery = 94%.
(12) Cut-off grades should be re-evaluated in light of future prevailing market conditions (metal prices, exchange rates, mining costs etc.).
(13) The number of metric tons (tonnes) was rounded to the nearest thousand, following the recommendations in NI 43 -101. The metal
contents are presented in troy ounces (tonnes x grade / 31.10348) rounded to the nearest hundred. Any discrepancies in the totals are
due to rounding effects.
(14) The QPs are not aware of any known environmental, permitting, legal, title -related, taxation, socio-political, or marketing issues or any
other relevant issue not reported in the Technical Report that could materially affect the Mineral Resources Estimate.
Next Steps
The resource estimation process has identified a number of areas with potential for resource expansions at depth
and along strike in areas where drill hole spacing remains too wide. These areas will be evaluated. The exploration
field activities results ar e continuously compiled to refine the geological and structural model to help identify and
prioritize various regional targets developed from targeting exercises to guide future drilling programs.
About the Monster Lake Project
The Monster Lake project is located 50 kilometres southwest of Chibougamau, Quebec, and is underlain by Archean
volcanic rocks of the Obatogamau Formation, which are traversed by an important deformation corridor with
associated gold-bearing mineralized structures. Exploration to date has traced this prospective structural shear zone
system for at least 4 kilometres along strike, along which several gold prospects have been discovered and a Mineral
Resource delineated at the 325-Megane Zone.
The Company holds a 100% interest in the Monster Lake project.
Figure 4: Longitudinal sections of the Monster Lake Megane Zone resource block models
with gold grade distribution and UG constraining volumes (DSO).
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QUALIFIED PERSON AND TECHNICAL INFORMATION
The drilling results contained in this news release have been prepared in accordance with National Instrument 43 -
101 Standards of Disclosure for Mineral Projects (“NI 43-101”).
The mineral resource estimate, including verification of the data disclosed, has been completed by I nnovExplo Inc.,
following NI 43-101 and CIM Estimation Best Practice Guidelines. The resource estimate was prepared by Martin
Perron, P.Eng. Director Geology, Audrey Lapointe, P.Geo., Senior Geologist and Simon Boudreau, P.Eng., Senior
Mining Engineer, all being independent “qualified person”, as defined by NI 43 -101 (a “QP”) . Each of them has
reviewed and approved the contents of this news release.
The QPs responsible for the planning, supervision and execution of the diamond drilling programs and construction
of the geological models and review of the technical information in this news release are Shana Dickenson, P. Geo.,
Senior District Geologist, Adrien Zamparutti P. Geo., Senior Project Geologist, and Maxime Douëllou P. Geo., Project
Geologist. Each of Ms. Dickenson, Mr. Zamparutti and Mr. Douëllou is a QP for the purposes of NI 43-101 with respect
to the technical information being reported on in this news release. The technical information has been included herein
with the consent and prior review of the above noted QPs.
The information in the news release was also reviewed and approved by Marie -France Bugnon, P.Geo. Vice -
President, Exploration for IAMGOLD, which is also a QP.
The design of the drilling programs and interpretation of results is under the control of IAMGOLD’s geological staff,
including QPs employing strict protocols consistent with NI 43-101 and industry best practices. The sampling of, and
assay data from, the drill core is monitored through the implementation of a quality assurance - quality control (QA-
QC) program. Drill core (NQ size) is logged and samples are selected by the IAMGOLD geologists and sawn in half
with a diamond saw at the project site. Half of the core is retained at the site for reference purposes. Sample intervals
may vary from 0.5 to 1.5 metres in length depending on the geological observations. Half-core samples are packaged
and transported in sealed bags to ALS Minerals Laboratory (“ALS”) l ocated in Val-d’Or, Québec. A formal chain -of-
custody procedure was adopted for security of samples until their delivery at the laboratory. Samples are coarse
crushed to a -10 mesh and then a 1,000 gram split is pulverized to 95% passing -150 mesh. ALS processes analytical
pulps directly at their facilities located in Val -d’Or which is ISO / IEC 17025 certified by the Standards Council of
Canada. Samples are analyzed using a standard fire assay with a 50 gram charge with an Atomic Absorption (AA)
finish. For samples that return assay values over 5.0 grams per tonne, another pulp is taken and fire assayed with a
gravimetric finish. Core samples showing visible gold or samples which have returned values greater than 10.0 grams
per tonne are re-analyzed by pulp metallic analysis. IAMGOLD inserts blanks and certified reference standards in the
sample sequence for quality control. In accordance with recommendations from our on -going QA -QC program,
additional check analyses are underway at a secondary (umpire) laboratory.
About IAMGOLD
IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and
West Africa. The Company has commenced production at the large -scale, long life Côté Gold Mine in partnership with
Sumitomo Metal Mining Co. Ltd., which is expected to be among the largest gold mines in Canada. In addition, the Company
has an established portfolio of early stage and advanced exploration projects within high potential mining districts. IAMGOLD
employs approximately 3,600 people an d is committed to maintaining its culture of accountable mining through high
standards of Environmental, Social and Governance practices, including its commitment to strive for the goal of Zero Harm®,
in every aspect of its business. IAMGOLD is listed on the New York Stock Exchange (NYSE:IAG) and the Toronto Stock
Exchange (TSX:IMG).
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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
All information included or incorporated by reference in this news release, including any information as to the Company’s vision,
strategy, future financial or operating performance and other statements that express management’s expectations or estimates of
future performance or impact, including statements in respect of the pro spects and/or development of the Company’s projects,
other than statements of historical fact, constitutes forward -looking information or forward-looking statements within the meaning
of applicable securities laws (collectively referred to herein as “forward-looking statements”) and such forward-looking statements
are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements are generally
identifiable by the use of words such as “may”, “will”, “should”, “would”, “could”, “continue”, “expect”, “budget”, “aim”, “can”, “focus”,
“forecast”, “anticipate”, “estimate”, “believe”, “intend”, “plan”, “schedule”, “guidance”, “outlook”, “potential”, “seek”, “targets”, “cover”,
“strategy”, “during”, “ongoing”, “subject to”, “future”, “objectives”, “opportunities”, “committed”, “prospective”, “preliminary”, “likely”,
“progress”, “strive”, “sustain”, “effort”, “extend”, “on track”, “remain”, “pursue”, “predict”, or “project” or the negative of these words
or other variations on these words or comparable terminology.
For example, forward -looking statements include, but are not limited to, statements with respect to: the estimation of mineral
reserves and mineral resources and the realization of such estimates; operational and financial performance including the
Company’s guidance for and actual results of production, ESG (including environmental) performance, costs and capital and other
expenditures such as exploration and including depreciation expense and effective tax rate; the updated life -of-mine plan, ramp-
up assumptions and other project metrics including operating costs in respect to the Côté Gold Mine; expected production of the
Côté Gold Mine, expected benefits from the operational improvements and de-risking strategies implemented or to be implemented
by the C ompany; mine development activities; the Company's capital allocation and liquidity; the announced intention to
repurchase the Transferred Interests in the Côté Gold Mine, the composition of the Company’s portfolio of assets including it s
operating mines, development and exploration projects; the completion of the sale of the Bambouk Assets; permitting timelines
and the expected receipt of permits; inflation, including global inflation and inflationary pressures; global supply chain constraints;
environmental verification, biodiversity and social development projects; plans, targets, proposals and strategies with respect to
sustainability, including third party data on which the Company relies, and their implementation; commitments with respect to
sustainability and the impact thereof, including the Company’s “Zero Harm” vision; commitments with respect to greenhouse gas
emissions and decarbonization initiatives (eg. interim target of achieving 30% absolute reduction in Scope 1 and 2 emissions by
2030); the development of the Company’s Water Management Standard; commitments with respect to biodiversity; commitments
related to social performance, including commitments in furtherance of Indigenous relations; the ability to secure alternativ e
sources of consumables of comparable quality and on reasonable terms; workforce and contractor availability, labour costs and
other labour impacts; the impacts of weather; the future price of gold and other commodities; foreign exchange rates and currency
fluctuations; financial instruments; hedging strategies; impairment assessments and assets carrying values estimates; safety and
security concerns in the jurisdictions in which the Company operates and the impact thereof on the Company’s operational and
financial performance and financial condition; and government regulation of mining operations (including the Competition Act and
the regulations associated with the fight against climate change).
The Company cautions the reader that forward -looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by management, are inherently subject to significant business, financial,
operational and oth er risks, uncertainties, contingencies and other factors, including those described below, which could cause
actual results, performance or achievements of the Company to be materially different from results, performance or achievements
expressed or implie d by such forward -looking statements and, as such, undue reliance must not be placed on them. Forward -
looking statements are also based on numerous material factors and assumptions, including as described in this news release,
including with respect to: the Company's present and future business strategies; operations performance within expected ranges;
anticipated future production and cash flows; local and global economic conditions and the environment in which the Company will
operate in the future; the p rice of precious metals, other minerals and key commodities; projected mineral grades; international
exchanges rates; anticipated capital and operating costs; the availability and timing of required governmental and other approvals
for the construction of the Company's projects.
Risks, uncertainties, contingencies and other factors that could cause actual results, performance or achievements of the Company
to be materially different from results, performance or achievements expressed or implied by such forward -looking statements
include, without limitation: the ability of the Company to complete the repurchase of the Transferred Interest in the Côté Gold Mine;
the ability of the Company to complete the sales of the remaining Bambouk Assets; the Company's business strategies and its
ability to execute thereon; the ability of the Company to complete pending transactions; the development and execution of
implementing strategies to meet the Company’s sustainability vision and targets; security risks, including civil unrest, war or
terrorism and disruptions to the Company’s supply chain and transit routes as a result of such security risks, particularly in Burkina
Faso and the Sahel region surrounding the Company’s Essakane mine; the availability of labour and qualified contractors; the
availability of key inputs for the Company's operations and disruptions in global supply chains; the volatility of the Company 's
securities; litigation; contests over title to properties, particularly title to undeveloped properties; mine closure and reh abilitation
risks; management of certain of the Company's assets by other companies or joint venture partners; the lack of availability o f