IAMGold not aware of any potential change to Essakane mine permits

IAMGold shared an update on its operations in Burkina Faso in response to media reports following a radio interview that occurred on Saturday, October 5, 2024 with President Traore of Burkina Faso. President Traore spoke on Radio Burkina to commemorate the two-year anniversary of his Presidency. During the interview, the President discussed several topics including corruption, security, transport, agriculture and mining, including a reference to the possible withdrawal of certain mining permits for companies operating in violation of the laws of Burkina Faso. IAMGOLD is not aware of any potential challenge to, or withdrawal of, its permits for the Essakane mine, which continues to operate in compliance with them. “IAMGOLD continues to have a constructive and positive working relationship with the government, demonstrated by our respective coordination and partnerships on security and serving our local communities,” the company said. “Last month, the company received its 2024 dividend which was approved earlier in the year by the government. Essakane continues its impressive track record of safety, with attributable production this year expected to be between 380,000 to 410,000 ounces at cash costs of $1,175 to $1,275 per ounce.”