IAMGOLD provides update on life-of-mine plans

AA – IAMGOLD Corporation (“IAMGOLD” or the “Company”) today provided an update on its life-of-mine (“LOM”) plans for its wholly-owned mines: Rosebel, Essakane and Westwood, which has the potential to be our highest grade, lowest cost and longest life mine. A presentation has been posted on the IAMGOLD website at www.iamgold.com outlining the assumptions and forecasts in the mine plans.

“We have significantly improved our outlook for our owner-operated mines,” said Steve Letwin, President and CEO of IAMGOLD. “Our mining teams have worked hard to reduce costs, optimize their operations and improve productivity. Their efforts are mitigating the impact of lower gold prices and the transition to harder rock at our open pit mines. Using conservative assumptions, we believe these plans will enable the company to meet its financial obligations and be well positioned to take advantage of higher gold prices.

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