IAMGOLD Announces Commercial Production at Côté Gold

Group 1 - IAMGOLD Corporation has announced that the Côté Gold Mine has reached commercial production, defined as achieving a minimum of 30 consecutive days of operations with the mill operating at an average of 60% of nameplate throughput of 36,000 tons per day (tpd) [1] - The Côté Gold Mine is a joint venture between IAMGOLD and Sumitomo Metal Mining Co., Ltd., located in Ontario, Canada [1][4] - The company aims to improve plant availability to reach 90% of nameplate throughput by the end of the year, following a successful initial gold pour on March 31, 2024 [2][4] Group 2 - IAMGOLD plans to repurchase a 9.7% interest in Côté Gold in November, which will increase its ownership to 70% and enhance exposure to this key asset [2] - The company is addressing equipment availability issues, particularly in the crushing and screening circuits, with a planned multi-day shutdown in September [2] - IAMGOLD will report its second quarter 2024 operating and financial results on August 8, 2024, followed by a conference call on August 9, 2024 [3]