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Form 6-K IAMGOLD CORP For: Jul 06

July 6, 2022 7:09 AM EDT

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2022

Commission File Number: 001-31528

IAMGOLD Corporation
(Translation of registrant's name into English)

401 Bay Street Suite 3200, PO Box 153
Toronto, Ontario, Canada M5H 2Y4
Tel: (416) 360-4710

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

[           ] Form 20-F                        [ x ] Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes [           ]                                 No [ x ]

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________


SUBMITTED HEREWITH

Exhibits

Exhibit   Description
   
99.1   News Release dated July 6, 2022

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  IAMGOLD CORPORATION
  (Registrant)
     
Date: July 6, 2022 By: /s/ Tim Bradburn
    Tim Bradburn
  Title: Senior Vice President, General Counsel and Corporate Secretary

 



 
 TSX: IMG    NYSE: IAG NEWS RELEASE

IAMGOLD REPORTS HIGH GRADE DRILL INTERSECTIONS FROM DRILL
PROGRAM AT THE KARITA GOLD PROJECT IN GUINEA, WEST AFRICA

Toronto, Ontario, July 6, 2022 - IAMGOLD Corporation (NYSE: IAG) (TSX:IMG) ("IAMGOLD" or the "Company") is pleased to announce assay results from its 2022 delineation diamond drilling program on its wholly-owned Karita Gold project in north-eastern Guinea. The project is located along the prolific Senegal-Mali Shear Zone in West Africa, between the Company's Boto Gold Project in Senegal eight (8) kilometres to the north, and its Diakha-Siribaya Gold project in Mali three (3) kilometres to the south.

Highlights include (refer to Table 1 for detailed interval results):

 34.0 metres ("m") at 5.81 grams per tonne gold ("g/t Au") in drill hole KDD22-006 from 67.0 m

  • including 5.0 m at 33.31 g/t Au from 70.0 m,

- followed by a separate interval of 14.15 m at 6.46 g/t Au from 197.9 m

  • including 3.0 m at 28.73 g/t Au from 203 m;

 50.0 m at 2.85 g/t Au in drill hole KDD22-003 from 21.0 m

  • including 7.0 m at 13.47 g/t Au from 36.0 m;

 25.0 m at 5.32 g/t Au in drill hole KDD22-033 from 26.0 m

  • including 14.0 m at 9.10 g/t Au from 26.0 m,

- followed by a separate interval of 32.0 m at 1.66 g/t Au from 51.0 m

  • including 2.0 m at 13.14 g/t Au from 68.0 m,

- followed by a separate interval of 21.0 m at 1.9 g/t Au from 156.0 m;

 37.0 m at 3.50 g/t Au in drill hole KDD22-007 from 98.0 m

  • including 6.0 m at 7.46 g/t Au from 116.0 m;

 22.0 m at 5.70 g/t Au in drill hole KDD22-028 from 11.0 m

  • including 3.0 m at 31.13 g/t Au from 19.0 m;

 12.0 m at 9.49 g/t Au in drill hole KDD22-016 from 129.0 m

  • including 6.0 m at 17.95 g/t Au from 129.0 m;

 21.0 m at 5.33 g/t Au in drill hole KDD22-015 from 25.0 m

  • including 6.0 m at 7.42 g/t Au from 25.0 m
  • including 7.0 m at 9.11 g/t Au from 39.0 m;

 21.0 m at 2.71 g/t Au in drill hole KDD22-013 from 73.0 m

  • including 7.0 m at 5.15 g/t Au from 80.0 m,

- followed by a separate interval of 20.0 m at 5.33 g/t Au from 104.0 m

  • including 7.0 m at 8.80 g/t Au from 104.0 m
  • including 3.0 m at 11.97 g/t Au from 115.0 m;

 18.0 m at 4.29 g/t Au in drill hole KDD22-030 from 45.0 m

  • including 6.0 m at 9.83 g/t Au from 48.0 m
  • including 2.0 m at 8.32 g/t Au from 61.0 m;

 40.0 m at 1.84 g/t Au in drill hole KDD-010 from 159.0 m

  • including 7.0 m at 5.15 g/t Au from 159.0 m
  • including 4.0 m at 6.63 g/t Au from 188.0 m;

 20.0 m at 3.32 g/t Au in drill hole KDD-019 from 60.0 m

  • including 6.0 m at 9.03 g/t Au from 60.0 m;

Craig MacDougall, Executive Vice President, Growth for IAMGOLD, stated: "The results reported today from our ongoing delineation drilling program are highly encouraging and continue to build on our exploration successes in the region. Karita is located on the Senegal-Mali Shear Zone which extends from B2Gold's Fekola mine 15 kilometres to the north though our previous discoveries at the Boto and Diakha-Siribaya projects to the south. During this program we have intersected multiple, wide zones of mineralization within altered metasedimentary units, several of which include considerable thickness in the shallow oxidized zone, extending nearly 2 kilometres along strike. We would like to recognize the efforts of our exploration team in West Africa, who have worked tirelessly against many logistical challenges to safely implement this drilling program as they advance our evaluation of our newest discovery."

The assay results returned represent 42 diamond drill holes ("DDH") totaling 10,230.5 metres from the ongoing 2022 delineation drilling program, which will involve the completion of 22,000 to 24,000 metres of drilling, designed to delineate the mineralized zones on a nominal 100 x 50 metre collar spacing in order to support a future initial mineral resource estimate. To date, approximately 18,225 metres in 70 DDH holes have been completed. Additional assay results will be reported once they are received, validated and compiled.

Figure 1 - Karita Drill Hole Plan View


Figure 2 - Cross Section View L 2200N

Note:  Drill hole intercepts are calculated with a lower cut-off grade of 0.3 g/t Au and may contain lower grade intervals of up to 5 meters in core length

 

Next Steps

Approximately 4,000 to 6,000 metres of additional drilling is planned in the second half of the year as part of the 2022 delineation drilling program. The results of the drilling program will be compiled, validated and interpreted to develop a deposit model to support the completion of an initial mineral resource estimate planned for 2023.

The Karita Gold Project

The Karita Gold project is wholly-owned by IAMGOLD and is held under an exploration permit that covers approximately 100 square kilometres in Guinea, on the Birimian aged Kédougou-Kéniéba inlier of the West African Craton region along the borders with Senegal, Guinea and Mali.

In 2017, the Company completed a reconnaissance geology and termite mound geochemical sampling program over the Karita permit to evaluate the interpreted extension of the Boto-Diakha mineralized trend in Guinea. The area is thought to cover an extension of the regionally important and prolific Senegal-Mali Shear Zone along trend between IAMGOLD's Boto Gold deposits in Senegal to the north, and its Diakha deposit on the Siribaya project in Mali to the south. The sampling program identified an extensive gold geochemical anomaly delineated over a nearly 2 kilometre strike length, and similar to that observed to be associated with the deposits occurring at both Boto and Diakha.


Figure 3 - Senegal-Mali Shear Zone

The initial 2019 drilling program was designed to evaluate the geochemical anomaly for the presence of mineralization and involved the completion of wide spaced lines of reverse circulation ("RC") drilling, which confirmed the presence of multiple zones of mineralization hosted within an albite + hematite altered sandstone metasedimentary unit over a 1.6 kilometre strike length.

After extensive access restrictions arising from the global COVID-19 pandemic, exploration resumed in 2022 with the objective of delineating this new discovery to evaluate its resource potential. Results to date have confirmed the presence of shallow oxide mineralization extending at depth to fresh rock where mineralization is observed to be hosted in altered and locally brecciated metasedimentary lithologies exhibiting albite - silica - hematite alteration associated with disseminated to locally narrow semi-massive sulphide (pyrite) veins and occasional visible gold. Overall, the mineralization shows similarities to IAMGOLD's Boto and Diakha deposits located along the same trend.


Table 1 - 2022 Diamond Drilling Program - Karita Gold Project, Guinea

 

UTM WGS84/Zone29

AZ

Dip

EOH

From

To

Core

Length

Gold2

Mineralized

Zones

HOLE-ID

Easting

Northing

Elevation

(°)

(°)

(m)

(m)

(m)

(m)

(g/t)

KDD22-001

240772.3

1372899

166.8

90

-54

315

0

3

3

0.66

Oxide zone

 

 

 

 

 

 

 

77

84

7

1.87

 

 

 

 

 

 

 

94

109

15

0.71

Sulfide zone

Including

 

 

 

 

 

 

94

100

6

1.29

 

 

 

 

 

 

 

132

137

5

3.74

 

 

 

 

 

 

 

210

214

4

0.51

KDD22-002

240572.3

1372200

178.8

90

-55

350.5

86

139

53

1.88

Sulfide Zone

Including

 

 

 

 

 

 

86

95

9

3.9

Including

 

 

 

 

 

 

100

111

11

3.53

 

 

 

 

 

 

 

115

139

24

1.04

KDD22-003

240672.3

1372199

176.4

90

-55

326

21

71

50

2.85

Oxide zone

Including

 

 

 

 

 

 

36

43

7

13.47

 

 

 

 

 

 

 

84

87

3

2.72

Sulfide zone

 

 

 

 

 

 

 

145

148

3

3.99

 

 

 

 

 

 

 

178

181

3

0.55

 

 

 

 

 

 

 

189

196

7

0.34

KDD22-004

240875.6

1372900

169.1

90

-54

247

0

6

6

1.06

Oxide zone

 

 

 

 

 

 

 

17

19

2

1.11

 

 

 

 

 

 

 

96

100

4

2.03

Sulfide zone

 

 

 

 

 

 

 

127

131

4

0.56

KDD22-005

240926.4

1372901

170.1

90

-54

190

0

13

13

1.05

Oxide zone

 

 

 

 

 

 

 

30

31

1

29.7

 

 

 

 

 

 

 

44

66

22

1.81

Including

 

 

 

 

 

 

51

54

3

7.06

KDD22-006

240623.8

1372199

177.7

90

-55

354

39

51

12

0.95

Oxide zone

 

 

 

 

 

 

 

62

67

5

1.16

 

 

 

 

 

 

 

67

101

34

5.81

Sulfide zone

Including

 

 

 

 

 

 

70

75

5

33.31

 

 

 

 

 

 

 

197.9

212

14.1

6.46

Including

 

 

 

 

 

 

203

206

3

28.73

 

 

 

 

 

 

 

338

340

2

1.82

KDD22-007

240723.9

1372199

175.8

90

-55

300

51

69

18

0.65

Oxide zone

 

 

 

 

 

 

 

98

135

37

3.5

Sulfide zone

Including

 

 

 

 

 

 

116

122

6

7.46

 

 

 

 

 

 

 

249

255

6

0.63

KDD22-008

240775

1372199

175

90

-55

250

32

43

11

0.43

Oxide zone

 

 

 

 

 

 

 

50

68

18

2.72

Including

 

 

 

 

 

 

62

66

4

6.57

KDD22-009

240826.1

1372900

167.9

90

-53

276

0

6

6

0.6

Oxide zone

 

 

 

 

 

 

 

19

31

12

1.5

 

 

 

 

 

 

 

61

63

2

0.79

KDD22-010

240517.8

1372200

179.8

90

-55

351

100

105

5

1

Sulfide zone

 

 

 

 

 

 

 

159

199

40

1.84

Including

 

 

 

 

 

 

159

166

7

5.15

Including

 

 

 

 

 

 

188

192

4

6.63

 

 

 

 

 

 

 

203

205

 

0.73

KDD22-011

240824.9

1372199

174.3

90

-55

160

19

27

8

2.89

Oxide zone

 

 

 

 

 

 

 

56

62

6

0.63

Sulfide zone

 

 

 

 

 

 

 

67

73

6

0.6

KDD22-012

240722.5

1372899

166.7

90

-54

300

112

113

1

3.15

Sulfide zone

 

 

 

 

 

 

 

145

148

3

1.33

 

 

 

 

 

 

 

257

259

2

1.28




KDD22-013

240628.3

1372302

177.5

90

-54

275

38

46

8

0.38

Oxide zone

 

 

 

 

 

 

 

53

58

5

0.32

 

 

 

 

 

 

 

73

94

21

2.71

Sulfide zone

Including

 

 

 

 

 

 

80

88

7

5.15

 

 

 

 

 

 

 

104

124

20

5.33

Including

 

 

 

 

 

 

104

111

7

8.8

Including

 

 

 

 

 

 

115

118

3

11.97

 

 

 

 

 

 

 

131

135

4

1.82

 

 

 

 

 

 

 

142

145

3

1.49

 

 

 

 

 

 

 

197

207

10

0.6

Including

 

 

 

 

 

 

202

204

2

1.64

 

 

 

 

 

 

 

223

235

12

0.75

KDD22-014

240589.1

1372102

178.3

90

-54

300

75

87

12

0.94

Oxide zone

Including

 

 

 

 

 

 

75

77

2

1.8

Including

 

 

 

 

 

 

82

87

5

1.43

 

 

 

 

 

 

 

91.4

101

9.6

0.97

Sulfide zone

 

 

 

 

 

 

 

153

159

6

6.52

Including

 

 

 

 

 

 

153

155

2

9.24

Including

 

 

 

 

 

 

157

159

2

10.09

 

 

 

 

 

 

 

250

252

2

2.43

KDD22-015

240708.8

1372302

176

90

-54

225

25

46

21

5.33

Oxide zone

Including

 

 

 

 

 

 

25

31

6

7.42

Including

 

 

 

 

 

 

39

46

7

9.11

 

 

 

 

 

 

 

76

78

2

5.82

Sulfide zone

 

 

 

 

 

 

 

85.5

88

2.5

1.17

 

 

 

 

 

 

 

99

102.1

3.1

1.4

 

 

 

 

 

 

 

135

141

6

3.31

 

 

 

 

 

 

 

136

139

3

6.06

 

 

 

 

 

 

 

162

172

10

0.51

KDD22-016

240670

1372101

176.3

90

-54

250

24

27

3

0.44

Oxide zone

 

 

 

 

 

 

 

54

55

1

109.9

 

 

 

 

 

 

 

129

141

12

9.49

Sulfide zone

Including

 

 

 

 

 

 

129

135

6

17.95

 

 

 

 

 

 

 

149

155

6

3.21

 

 

 

 

 

 

 

172

175

3

0.58

KDD22-017

240700.4

1372700

173.8

90

-54

312

14

35

21

1.19

Oxide zone

Including

 

 

 

 

 

 

15

18

3

5.62

 

 

 

 

 

 

 

83

85

2

1.68

Sulfide zone

 

 

 

 

 

 

 

115

117

2

0.73

 

 

 

 

 

 

 

154

156

2

3.12

 

 

 

 

 

 

 

215

220

5

1.06

KDD22-018

240789.6

1372301

174.2

90

-54

150

28

30

2

6.82

Oxide zone

 

 

 

 

 

 

 

63

81

18

1.02

Sulfide zone

KDD22-019

240748.9

1372101

174.9

90

-54

172

60

80

20

3.32

Oxide zone

Including

 

 

 

 

 

 

60

66

6

9.03

 

 

 

 

 

 

 

125

132

7

0.85

Sulfide zone

KDD22-020

240686.1

1372500

177.7

90

-54

275

18

29

11

1.86

Oxide zone

Including

 

 

 

 

 

 

25

26

1

17.4

 

 

 

 

 

 

 

77

81

4

1.1

Sulfide zone

 

 

 

 

 

 

 

99

103

4

2.2

 

 

 

 

 

 

 

123

130

7

5.16

Including

 

 

 

 

 

 

123

125

2

16.58

KDD22-021

240766

1372500

176

90

-54

243

26

32

6

10.98

Oxide Zone

KDD22-022

240847.8

1372500

175.1

90

-54

174

40

46

6

1.22

Oxide zone

 

 

 

 

 

 

 

61

67

6

1.03

Sulfide zone




KDD22-0023

240780

1372700

176

90

-54

252

35

44

9

0.86

Oxide zone

 

 

 

 

 

 

 

62

68

6

0.6

Sulfide zone

 

 

 

 

 

 

 

73

78

 

1.26

KDD22-024

240860.3

1372700

178.5

 

 

 

31

45

14

2.3

Oxide zone

Including

 

 

 

 

 

 

31

34

3

6.42

 

 

 

 

 

 

 

128

130

2

1.52

Sulfide zone

KDD22-025

240620

1372700

174

90

-54

303

158

169

11

0.61

Sulfide zone

 

 

 

 

 

 

 

213

215

2

2.26

 

 

 

 

 

 

 

252

269

17

1.42

Including

 

 

 

 

 

 

252

257

5

2.97

Including

 

 

 

 

 

 

265

268

3

3.24

KDD22-026

240606

1372500

178

90

-54

276

71.6

77.9

6.3

0.63

Sulfide zone

 

 

 

 

 

 

 

102

106

4

12.9

Including

 

 

 

 

 

 

103

106

3

17.04

 

 

 

 

 

 

 

157

170

13

0.47

 

 

 

 

 

 

 

198

208

10

12.02

Including

 

 

 

 

 

 

205.1

206

0.9

119.3

KDD22-027

240646

1372500

178

90

-54

275

94

105

11

0.92

Sulfide Zone

Including

 

 

 

 

 

 

102.4

104.2

1.8

3.68

 

 

 

 

 

 

 

171

174

3

1.09

KDD22-028

240741.1

1372700

175.471

90

-54

264

11

33

22

5.7

Oxide Zone

Including

 

 

 

 

 

 

19

22

3

31.13

Including

 

 

 

 

 

 

32

33

1

19.9

 

 

 

 

 

 

 

63

65

2

12.65

Sulfide zone

 

 

 

 

 

 

 

107

114

7

0.93

KDD22-029

240550

1372300

179.9

90

-54

276

54

57

3

1.03

Oxide zone

 

 

 

 

 

 

 

73

76

3

21.35

Sulfide zone

 

 

 

 

 

 

 

116

138

22

1.81

Including

 

 

 

 

 

 

120

124

4

6.12

 

 

 

 

 

 

 

160

170

10

0.81

 

 

 

 

 

 

 

192

210

18

0.77

KDD22-030

240723.2

1372500

176.9

90

-54

258

19

21

2

2.96

Oxide Zone

 

 

 

 

 

 

 

45

63

18

4.29

Sulfide zone

Including

 

 

 

 

 

 

48

54

6

9.83

Including

 

 

 

 

 

 

61

63

2

8.32

 

 

 

 

 

 

 

75

91

16

0.84

Including

 

 

 

 

 

 

86.3

88

1.7

6.67

 

 

 

 

 

 

 

176.7

178.5

1.8

5.6

KDD22-031

240806

1372500

176

90

-54

210

NSV

 

KDD22-032

240819.6

1372700

178.6

 

 

 

11.5

21

9.5

0.62

Oxide zone

 

 

 

 

 

 

 

45

56.5

11.5

1.83

Sulfide zone

Inclusion

 

 

 

 

 

 

49

50

1

14

 

 

 

 

 

 

 

160

162

2

2

KDD22-033

240670.1

1372302

176.5

90

-54

250

26

51

25

5.32

Oxide zone

Including

 

 

 

 

 

 

26

40

14

9.1

Including

 

 

 

 

 

 

46

51

5

1.11

 

 

 

 

 

 

 

51

83

32

1.66

Sulfide zone

Including

 

 

 

 

 

 

68

70

2

13.14

 

 

 

 

 

 

 

156

177

21

1.9

KDD22-034

240519.8

1371902

177.2

90

-54

308

25

36

11

1.22

Oxide zone

 

 

 

 

 

 

 

141

167

26

0.65

Sulfide zone

Including

 

 

 

 

 

 

152

162

10

1.32

 

 

 

 

 

 

 

180

186

6

1.28

 

 

 

 

 

 

 

206

209

3

1.65

 

 

 

 

 

 

 

243

267

24

0.83

Including

 

 

 

 

 

 

246

251

5

2.18




KDD22-035

240593.7

1371900

176.0

90

-54

250

26

28

2

4.91

Oxide zone

 

 

 

 

 

 

 

65

69

4

0.94

Sulfide Zone

 

 

 

 

 

 

 

101

105

4

0.84

 

 

 

 

 

 

 

118

128

10

0.54

 

 

 

 

 

 

 

157

160

3

4.42

Including

 

 

 

 

 

 

157

158

1

12.2

 

 

 

 

 

 

 

177

210

33

0.41

KDD22-036

240678.7

1371900

175.0

90

-54

190

20

30

10

1.2

Oxide zone

 

 

 

 

 

 

 

41

44

3

1.69

 

 

 

 

 

 

 

64

74

10

1.9

Sulfide zone

Including

 

 

 

 

 

 

65

66

1

14.3

 

 

 

 

 

 

 

166

190

24

1.66

Including

 

 

 

 

 

 

173

175

2

8.95

Including

 

 

 

 

 

 

185

187

2

4.37

KDD22-037

240760

1371900

173.0

90

-54

121

75.5

104

28.5

1.01

Sulfide zone

Including

 

 

 

 

 

 

80

82

2

4.44

KDD22-038

240560

1371900

176.0

90

-54

275

83

88

5

0.5

Sulfide zone

 

 

 

 

 

 

 

107

117

10

0.72

 

 

 

 

 

 

 

128.1

134

5.9

0.57

 

 

 

 

 

 

 

154

160

6

0.77

 

 

 

 

 

 

 

214

232

18

0.95

Including

 

 

 

 

 

 

222.5

229

6.5

1.87

KDD22-039

240640

1371900

175.0

90

-54

202.0

79

81

2

0.71

Sulfide zone

 

 

 

 

 

 

 

90

97

7

0.79

Including

 

 

 

 

 

 

94

97

3

1.7

 

 

 

 

 

 

 

121

123

2

2.55

KDD22-040

240720

1371900

173.0

90

-54

165

125

164

39

0.61

Sulfide Zone

Including

 

 

 

 

 

 

125

133

8

1.21

Including

 

 

 

 

 

 

151

157

6

1.14

KDD22-044

240552

1371300

138.0

90

-55

290

190

180

10

0.8

Sulfide zone

 

 

 

 

 

 

 

279

284

5

2.04

KDD22-046

240602

1371300

139.1

90

-55

270

40

78

38

0.51

Oxide zone

Including

 

 

 

 

 

 

40

46

6

1.57

 

 

 

 

 

 

 

89

100

11

1.1

Sulfide zone

 

 

 

 

 

 

 

115

130

15

0.68

 

 

 

 

 

 

 

137

147

10

0.53

Notes:

  1. Drill hole intercepts are calculated with a lower cut-off grade of 0.3 g/t Au and may contain lower grade intervals of up to 5 metres in core length.
  2. Assays intervals are reported uncapped, but high grade sub-intervals are highlighted.
  3. NSV - no significant values reported.
  4. Insufficient drilling has been completed to establish true widths of the mineralized intercepts, but these are estimated to be between 60-80% of the reported interval.

TECHNICAL INFORMATION AND QUALITY CONTROL NOTES

The drilling results contained in this news release have been prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

The Qualified Person ("QP") responsible for the supervision of the preparation, verification and review of the technical information in this release is Philippe Biron, P. Geo., Regional Senior Geologist, West Africa for IAMGOLD. Mr. Biron is a QP for the purposes of NI 43-101 with respect to the technical information being reported on.

The information in this news release was reviewed and approved by Craig MacDougall, P.Geo, Executive Vice President, Growth for IAMGOLD. Mr. MacDougall is a QP for the purposes of NI 43-101. The technical information has been included herein with the consent and prior review of the above noted QPs.

The sampling of, and assay data from, DDH core are monitored through the implementation of a quality assurance - quality control (QA-QC) program designed to follow industry best practice and include the insertion of certified reference standards. Core samples from diamond drilling are collected from three diamond rigs, at generally one meter intervals, under the direct supervision of IAMGOLD geologists and field technicians. Core samples are sawed in half, with one half sent to the lab for prep and assay, and the other retained for reference purposes.

The assay samples were prepared and assayed at Bureau Veritas Analytical Laboratory in Bamako, using a standard fire assay with a 50-gram charge and an Atomic Absorption finish (FA450). Samples which returned values greater than 10 g/t Au are being re-assayed using a gravimetric finish.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release contains forward-looking statements. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are generally identifiable by, but not limited to, the use of the words "may", "will", "should", "would", "continue", "expect", "expected", "budget", "forecast", "anticipate", "estimate", "believe", "intend", "appear" "plan", "schedule", "guidance", "outlook", "potential", "plans", "targeted", "focused", or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to, differences in the mineral content within the material identified as mineral resources or mineral reserves from that predicted, the failure to accurately estimate mineral resources or mineral reserves, unexpected increases in capital expenditures, operating expenditures and exploration expenditures, changes in development or mining plans due to changes in logistical, technical or other factors, the possibility that future exploration results will not be consistent with the Company's expectations, changes in world gold markets and other risks disclosed in IAMGOLD's most recent Form 40-F/Annual Information Form on file with the United States Securities and Exchange Commission at www.sec.gov/edgar.shtml and Canadian securities regulatory authorities at www.sedar.com, which are incorporated herein. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as required by applicable law.


CAUTIONARY NOTE TO U.S. INVESTORS REGARDING DISCLOSURE OF MINERAL RESOURCE ESTIMATES

References to mineral resources contained in this news release are based on the meaning given to such term in NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") - CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the "CIM Standards"). These standards are similar to those used by the United States Securities and Exchange Commission (the "SEC") Industry Guide No. 7, as interpreted by the SEC staff. However, the definitions in NI 43-101 and the CIM Standards differ in certain respects from those under Industry Guide 7. Accordingly, mineral resource information contained in this news release may not be comparable to similar information disclosed by United States companies.

As a result of the adoption of amendments to the SEC's disclosure rules (the "SEC Modernization Rules"), which more closely align its disclosure requirements and policies for mining properties with current industry and global regulatory practices and standards, including NI 43-101 and the CIM Standards, and which became effective on February 25, 2019, the SEC now recognizes estimates of "measured mineral resources", "indicated mineral resources" and "inferred mineral resources." Issuers were required to comply with the SEC Modernization Rules in their first fiscal year beginning on or after January 1, 2021, though Canadian issuers that report in the United States using the Multijurisdictional Disclosure System ("MJDS") may still use NI 43-101 rather than the SEC Modernization Rules when using the SEC's MJDS registration statement and annual report forms.

United States investors are cautioned that while the SEC now recognizes "measured mineral resources", "indicated mineral resources" and "inferred mineral resources" under the SEC Modernization Rules, investors should not assume that any part or all of the mineral deposits in these categories will ever be converted into a higher category of mineral resources or into mineral reserves. These terms have a great amount of uncertainty as to their economic and legal feasibility. Under Canadian regulations, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in limited circumstances.

Investors are cautioned not to assume that any "measured mineral resources", "indicated mineral resources", or "inferred mineral resources" are or will be economically or legally mineable. Further, "inferred mineral resources" have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be assumed that any part or all of an inferred mineral resource will ever be upgraded to a higher category.

About IAMGOLD

IAMGOLD is a mid-tier gold mining company operating in North America, South America and West Africa. The Company has three operating mines: Essakane (Burkina Faso), Rosebel (Suriname) and Westwood (Canada), and is building the large-scale, long life Côté Gold project (Canada) which is expected to start production towards the end of 2023. In addition, the Company has a robust development and exploration portfolio within high potential mining districts in the Americas and West Africa.

IAMGOLD employs approximately 5,000 people and is committed to maintaining its culture of accountable mining through high standards of Environmental, Social and Governance ("ESG") 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) and is one of the companies on the Jantzi Social Index ("JSI"), a socially screened market capitalization-weighted consisting of companies which pass a set of broadly based environmental, social and governance rating criteria.

IAMGOLD Contact Information

Graeme Jennings, Vice President, Investor Relations

Tel: 416 360 4743 | Mobile: 416 388 6883

Philip Rabenok, Manager, Investor Relations

Tel: 416 933 5783 | Mobile: 647 967 9942

Toll-free: 1 888 464 9999

[email protected]

This entire news release may be accessed via e-mail, IAMGOLD's website at www.iamgold.com and through Newsfile's website at www.newsfilecorp.com. All material information on IAMGOLD can be found at www.sedar.com or at www.sec.gov.

Si vous désirez obtenir la version française de ce communiqué, veuillez consulter le www.iamgold.com/French/accueil/default.aspx.




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