IAMGOLD Corporation is set to sell its 95% stake in Rosebel Gold Mines N.V. to Zijin Mining Group Co. Ltd. for a cash sum of $495 million (US$360 million). Additionally, IAMGOLD's equipment lease liabilities, approximately $55.9 million (US$41 million), will be dissolved. Rosebel has full ownership of the Rosebel Gold Mine and a 70% participating interest in the Saramacca Mine, both located in Suriname. The Government of Suriname retains its 5% interest in Rosebel. The sale aligns with IAMGOLD's strategy emphasizing disciplined portfolio management. The proceeds will be allocated to the Côté Gold project, with production set to begin early in 2024. IAMGOLD praises Rosebel's contribution and commends Zijin's capabilities, promising a collaborative transition. IAMGOLD's lender syndicate backs the Transaction, allowing the use of all net sales proceeds towards the Côté Gold project. Closing is contingent upon multiple regulatory consents, including those from China and the Surinamese government, and is projected for early 2023. Legal advisement for IAMGOLD is provided by Fasken Martineau Dumoulin LLP, while National Bank Financial and RBC Capital Markets serve as their financial advisors.