IAMGOLD to build Solar Energy Project in Suriname

IAMGOLD Corporation (“IAMGOLD” or the “Company”) announced today that IAMGOLD and/or its subsidiary, Rosebel Gold Mines N.V. (“RGM”) will fund the development and operation of a solar power project (the “Solar Project”) with an installed capacity of five (5) megawatts in Suriname. The Solar Project is delivering on a prior commitment to the Government of Suriname, which was made in connection with a prior deal that significantly lowered the Company’s cost of power.

The cost to build the Solar Project is expected to be in the range of $12 million to $14 million, including the work necessary to prepare and provide access