About IAMGOLD
IAMGOLD Corporation operates as an intermediate gold producer and developer in Canada. The company has two operating mines, including Essakane in Burkina Faso and Westwood in Quebec, Canada, as well as builds the large-scale, long life CÔte Gold Project in Ontario, Canada, which is expected to start production in the beginning of 2024. The company has an established portfolio of early stage and advanced exploration projects within high potential mining districts in the Americas. Mining Activities - Canada In Canada, the company owns the Westwood mine in Quebec and the CÔte Gold project, a development project located in Ontario. Doyon Division - Westwood Mine The Westwood mine covers an area of two square kilometres (196.2 hectares) in the municipality of Preissac, in Bousquet Township, approximately 40 kilometres east of the town of Rouyn-Noranda, in the province of Quebec, Canada. The Westwood mine is located entirely within the limits of the Doyon Division mining property, which covers an area of 28 square kilometres (2,875 hectares). The Doyon Division mining property and the Westwood mine are held 100% by the company. The Doyon Division mining property consists of, among others, one mining lease for the Westwood mine and one granted mining lease located west of the past producing Doyon Mine (B.M. 1046), also called Grand Duc and registered in 2017; one mining lease for the past producing Doyon mine (B.M. 695); two mining leases for the past producing Mouska mine (B.M. 800 and 843); and 75 claims. Three tailing surface leases (P.R. 999780, P.R. 999794 and P.R. 999803) are superimposed over parts of the property. The company is the titleholder's name of all the claims and leases at 100% and all such claims are situated in Bousquet Township. The Westwood underground mine and the Grand Duc open pit are part of the Doyon-Bousquet-LaRonde (DBL) mining camp, which is located within the Southern Volcanic Zone of the Abitibi subprovince. The Westwood mine is located within the limits of the Doyon Division mining property, which covers the Blake River Group (BRG) metavolcanic rocks and a part of the metasedimentary Cadillac and Kewagama Groups, which are localized respectively to the south and north of the BRG. The Westwood deposit mineralization consists of gold-sulphide vein-type mineralization, which is located two kilometres west (Zone 2 ore zones), as well as gold- rich volcanogenic massive sulphide type semi-massive to massive sulphide lenses, veins and disseminations (Westwood and North corridor ore zones) similar to the Bousquet 1, Bousquet 2-Dumagami and LaRonde Penna deposits in the eastern part of the mining camp. The Grand Duc open pit is located in the western part of the Doyon property and hosted in the polyphase syn-volcanic Mooshla Intrusive Complex (MIC). The early stage of the MIC (Mouska stage) includes gabbros and diorites that are coeval with the Bousquet Formation lower member. The main zone of the past producing Mouska Mine is hosted in the Mouska stage. The late stage of the MIC (Doyon stage) includes diorites, tonalites, and trondhjemites that are coeval with the Bousquet Formation upper member. The Grand Duc open pit is hosted in the tonalites and trondhjemites at the apex of the Doyon stage, near the contact with volcanic rocks. The Grand Duc deposit consists of two gold mineralizing episodes. CÔte Gold Project The CÔte Gold project is located in the Porcupine Mining Division. The CÔte Gold project includes a group of properties assembled through staking and option agreements covering a total area of about 596 square kilometres. The company holds a significant land package, which adequately covers the CÔte Gold project and area outside the CÔte Gold project mining leases. Overall, the CÔte Gold project's property package consists of 2,976 tenures covering a surface area of approximately 59,591 ha (or 595.91 square kilometres). The CÔte Gold project area is divided into three sectors for exploration purposes, such as South Swayze West (western area), Chester (central area), and South Swayze East (eastern area). A total of 808 drill holes (327,433 metres) have been completed within the CÔte Gold project deposit area. Mining Activities - International West Africa: Burkina Faso - Essakane Mine The Essakane mine is located in Burkina Faso at the boundary of the Oudalan and Seno provinces in the Sahel region. All the Essakane Exploration Permits are located on contiguous ground. The Essakane main zone (EMZ) deposit, the Falagountou West deposit and the Wafaka deposit and the Lao deposit located in the southern extension of EMZ (together, the Essakane Mining Permit) are located within a 100.2 square- kilometre mining exploitation permit area. The Mining Permit area is surrounded by three exploration permits and permit applications (the Essakane Exploration Permits) totaling 499.5 square kilometres (Belgou, Zargaloutane, and Koritigui). The Gossey deposit is located within the Essakane Exploration Permits approximately 12 kilometres northwest of the EMZ deposit. At the completion of the renewal process, the total surface area of the exploration permit area will be 499.56 square kilometres. The Gossey deposit is located on the Koritigui and the Zargaloutane permits. West Africa: Senegal - Boto Gold Project The Boto Gold project is located in the Kedougou Region (Saraya Department) in the southeast of Senegal. The company has several mineral rights in the region, including the Boto Gold project mining lease held indirectly by its subsidiary, IAMGOLD Boto SA. The Boto Gold project mining lease covers a total surface area of 148 square kilometres. AGEM Senegal Exploration Suarl holds two exploration permits in the surrounding area consisting of the Boto West (Noumoukha) permit and the Daorala permit. The Bambadji exploration permit is located between the Boto mine lease and the Daorala exploration permit. Bambadji is under a joint venture agreement with Barrick Senegal SA. AGEM Senegal Exploration Suarl holds an additional interest in the area through an option agreement with Oriole Resources PLC and EMC SA for the Senala gold project in Senegal, consisting of a single exploration permit with an area of 472.5 square kilometres. The Boto Gold project is located in a subtropical continental climate zone and is characterized by two seasons, such as a rainy (wet) season from June to October and a dry season from October to May. In addition to the Boto Gold Project in Senegal, the company holds interests in a number of exploration concessions, including the Noumoufoukha permit (100% interest), which is adjacent to the west of Boto Gold Project permit; the Senala permit (approximately 55% interest), located to the west and northwest of Boto, held under an option joint venture with Oriole Resources - EMC SA; and the Bambadji permit (to the north of the Boto Gold Project permit) held under a joint venture with Barrick (Barrick 65%, IAMGOLD 35%). All of these permits are at an early stage of exploration. In Mali, the company holds eight exploration permits covering 600 square kilometres at the triple junction between Mali, Senegal, and Guinea. Near Mine and Brownfield Exploration and Development Projects The company's mine and regional exploration teams continued to conduct near-mine exploration and resource development work during 2022 at the Essakane and Westwood mines. Essakane Mine, Burkina Faso Approximately 12,600 metres of diamond drilling was completed in 2022 as part of an infill drilling program to improve resource confidence within selected areas of the EMZ and the Lao satellite deposit. Westwood Mine, Quebec Approximately 39,000 metres of underground and surface diamond drilling were completed in 2022, including approximately 3,500 metres in geotechnical drilling. Surface drilling was focused on evaluating the resource potential between and adjacent to the Grand Duc and Doyon pits, while underground infill drilling was focused on supporting the continued ramp up of underground mining operations. CÔte Gold Project, Ontario The CÔte Gold Project is a 70:30 joint venture between the company, as operator, and Sumitomo Metal Mining Co., Ltd (SMM). In 2022, exploration activities continued with the delineation drilling program on the Gosselin zone, located immediately to the northeast of the CÔte Gold Project deposit. Approximately 17,000 metres of diamond drilling was completed in 2022 to further delineate and expand the Gosselin mineral resources and test selected targets along an interpreted favourable deposit corridor. On January 27, 2022, the company announced remaining assay results from its 2021 delineation diamond drilling program at the Gosselin zone confirming expected grades within the modelled resource and, in some cases, the extension of the mineralization zone outside the resources boundaries of the mineralization model. On February 2, 2023, the company announced assay results from its 2022 diamond drilling program demonstrating further the expansion potential of Gosselin at depth and to the south of the current resource boundary. In 2023, additional infill and delineation diamond drilling is planned to expand and increase the confidence of the existing resource. In addition, various technical studies are planned, including a metallurgical testing sampling program, the establishment of the environmental baseline and mining optimization studies for the inclusion of Gosselin resources into the CÔte Gold life-of-mine plans. Boto Gold Project, Senegal The Boto Gold project is a shovel ready development project located in southeastern Senegal along the border with Mali. The Project is owned 90% by the company, with the Republic of Senegal owning a 10% free carried interest. The Project is located on an exploitation permit granted in late 2019 for an initial 20-year period and is undergoing various de-risking activities. Greenfield Exploration and Evaluation Projects In addition to the near-mine, brownfield and development project exploration programs, the company conducts an active greenfield exploration program on selected projects in West Africa and the Americas. Africa - Diakha - Siribaya, Mali The company owns the Diakha-Siribaya project that consists of eight contiguous exploration permits, which cover a total area of approximately 600 square kilometres. It is located in the Kedougou- Kenieba inlier of the West African Craton region of western Mali along the borders with Senegal and Guinea. Africa - Karita, Guinea The company owns the Karita Gold Project as a granted exploration permit that covers approximately 100 square kilometres located in Guinea between its Boto Gold project in Senegal to the north and its Diakha-Siribaya Gold project in Mali to the south. Approximately 24,000 metres of drilling was completed in 2022 to support a future initial mineral resource estimate. North America - Monster Lake, Nelligan and Yorbeau, Quebec, Canada Monster Lake Joint Venture The company holds a 100% interest in the Monster Lake project, which is located approximately 15 kilometres north of the Nelligan project in the Chapais - Chibougamau area in Quebec. A resumption of exploration activities is planned in 2023 which will involve evaluating various regional targets developed from targeting exercises to guide future drilling programs and to update the Mineral Resource Estimation with drill results obtained subsequent to the completion of the last estimation. Nelligan Joint Venture The Nelligan Gold project is operating as a 75:25 earn-in option to joint venture with Vanstar Mining Resources Inc., with the company holding an option to earn an additional 5% interest. The Project is located approximately 15 kilometres south of the Monster Lake Project in the Chapais - Chibougamau area in Quebec. Approximately 4,700 metres of diamond drilling was completed in 2022 to support the completion of an updated resource estimate. Disposition In January 2023, the company completed the sale of its interests in Rosebel Gold Mine in Suriname. Marketing of Production All gold produced by the company is in the form of dore bars, which is then refined into gold bullion. The dore and bullion may be sold mainly to financial institutions and/or the gold refineries in North America and Europe. History The company was founded in 1990. It was incorporated under the Canada Business Corporations Act in 1990. The company was formerly known as IAMGOLD International African Mining Gold Corporation and changed its name to IAMGOLD Corporation in 1997.
