Iamgold Announces Closing of Previously Announced Sale of Exploration and Development Assets IN Guinea
NEWS RELEASE TSX: IMG NYSE: IAG
IAMGOLD ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED SALE OF
EXPLORATION AND DEVELOPMENT ASSETS IN GUINEA
All monetary amounts are expressed in U.S. dollars, unless otherwise indicated.
Toronto, Ontario, December 23, 202 4 – IAMGOLD Corporation (TSX:IMG, NYSE:IAG) (“IAMGOLD” or the
“Company”) is pleased to announce that it has closed the sale of its 100% interest in the Karita Gold Project
(“Karita”) and associated exploration assets in Guinea (together, the “Guinea Assets”).
The sale of the Guinea Assets is part of the previously announced transactions , as announced on December 20,
2022, with Managem (CAS:MNG) to sell the Company’s interests in its exploration and development projects in
Senegal, Guinea and Mali for aggregate consideration of approximately $282 million (pre -tax). Subsequent to the
announcement, on April 26, 2023, IAMGOLD announced the closing of the sale of its interests in Senegal, including
its 90% interest in the Boto Gold Project and 100% exploration intere sts within the country. With today’s
announcement the remaining transaction yet to close is associated with the Diakha-Siribaya Gold Project and
associated exploration assets in Mali.
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 and is committed to maintaining it s
culture of accountable mining through high standards of Environmental, Social and Governance practices,
including its commitment to 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).
IAMGOLD Contact Information
Graeme Jennings, Vice President, Investor Relations
Tel: 416 360 4743 | Mobile: 416 388 6883
Toll-free: 1 888 464 9999