IAMGOLD Corporation has announced that it has closed the previously announced sale of the company's 95% interest in Rosebel Gold Mines N.V. to Zijin Mining Group Co. Ltd. for cash consideration of approximately US$360 million and release of IAMGOLD's equipment lease liabilities amounting to approximately US$41 million. The remaining 5% interest in Rosebel will continue to be held by the Government of Suriname.
Maryse Bélanger, Chair of the Board and Interim President and CEO, said:
"On behalf of the company, we would like to thank the Rosebel team for their hard work and commitment."
"With the completion of the sale of Rosebel, IAMGOLD has achieved an important milestone in the company's strategy to create value for our stakeholders through disciplined portfolio management to fund the Côté Gold project. Côté Gold today is over 70% complete and remains on track for production in early 2024. This transaction, in addition to the previously announced sale of IAMGOLD's West African gold assets and the financing agreement with Sumitomo, ensures the current remaining funding requirements for completion of construction at Côté have been met."