Extractive Sector Transparency Measures Act - Annual Report | ||||||||||||||||||||||||||
Reporting Year | From: | 1/1/2024 | To: | 12/31/2024 | ||||||||||||||||||||||
Reporting Entity Name | IAMGOLD Corporation | Currency of the Report | USD |
Country | Payee Name | Departments, Agency, etc… within Payee that Received Payments | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes | ||||||||||||||||||||||||
Burkina Faso | National Government of Burkina Faso | 74,640,000 | 83,280,000 | 3,660,000 | — | — | 16,100,000 | — | 177,680,000 | Paid in XOF and CAD. | |||||||||||||||||||||||||
France | National Government of France | 12,010,000 | — | — | — | — | — | — | 12,010,000 | Paid in EUR. | |||||||||||||||||||||||||
Canada | Mattagami First Nation | — | 1,180,000 | 7,050,000 | — | — | — | — | 8,230,000 | Paid in CAD and USD. Including payments made by suppliers on behalf of the Company. | |||||||||||||||||||||||||
Canada | Flying Post First Nation | — | 630,000 | 3,150,000 | — | 3,460,000 | — | — | 7,240,000 | Paid in CAD and USD. Including payments made by suppliers on behalf of the Company. Bonuses include in-kind payment of 1 million shares valued at US$3.46 million. | |||||||||||||||||||||||||
Canada | Provincial Government of Quebec | 5,210,000 | — | 480,000 | — | — | — | — | 5,690,000 | Paid in CAD. | |||||||||||||||||||||||||
Mali | National Government of Mali | 1,970,000 | — | — | — | — | — | — | 1,970,000 | Paid in XOF. | |||||||||||||||||||||||||
Canada | National Government of Canada | 430,000 | — | — | — | — | — | — | 430,000 | Paid in CAD. | |||||||||||||||||||||||||
Canada | Municipal Government of Preissac | 350,000 | — | — | — | — | — | — | 350,000 | Paid in CAD. | |||||||||||||||||||||||||
Peru | Municipality of Libertad de Pallan | — | — | 90,000 | — | — | — | — | 90,000 | Paid in PEN. | |||||||||||||||||||||||||
Canada | Métis Nation of Ontario | — | — | 70,000 | — | — | — | — | 70,000 | Paid in CAD. | |||||||||||||||||||||||||
Additional Notes: | 1. Basis of Accounting The Schedule of Payments by Payee and the Schedule of Payments by Project (collectively, the “Schedules") prepared by IAMGOLD Corporation (the “Company”) for the year ended December 31, 2024 has been prepared in accordance with the financial reporting provisions in Section 9 of the Extractive Sector Transparency Measures Act, Section 2.3 of the Extractive Sector Transparency Measures Act – Technical Reporting Specifications and Section 3 of the Extractor Sector Transparency Measures Act – Guidance (Version 2.1 – July 2018) (collectively the “financial reporting framework"). The Schedules are prepared to provide information to the Board of Directors of IAMGOLD Corporation and the Minister of Natural Resources Canada to assist in meeting the requirements of the Extractive Sector Transparency Measures Act. As a result, the Schedules may not be suitable for another purpose. 2. Basis of Presentation The Schedules have been prepared using the cash basis of accounting, as required by the financial reporting framework, and therefore exclude any accruals related to payments due to governments. The Schedules include all cash payments made, without inclusion of cash inflows from a government. Where the Company makes a payment to a government that is net of credits from that government, the net payment amount has been presented. 3. Reporting currency All payments are reported in U.S. dollars which is the reporting currency of the Company. When the Company has made payments in currencies other than its reporting currency, it translates the payments using the exchange rate as at December 31, 2024, the Company’s financial year end. The following closing exchange rates were used for the 2024 annual report: USD/CAD 1.4404; USD/XOF 633.7681; USD/EUR 0.9662; USD/PEN 3.7570 4. Rounding All figures have been rounded to the nearest US$10,000. 5. In-kind payments In-kind payments are measured at cost. 6. Control As required by the financial reporting framework, and except for the joint venture discussed below, the Company reports 100% of the payments made by entities controlled by the Company regardless of the Company's percentage of ownership in those entities. The Company has determined whether it controls an entity in accordance with International Financial Reporting Standards. 7. Joint ventures The Company holds a 70% interest in the Côté Gold Mine through an unincorporated joint venture, where the Company is the operator. Payments made directly by Côté Gold are included in the Company's ESTMA report at 100%, including the portion paid on behalf of the non-operator member who owns a 30% interest in Côté Gold. The Company has a 40% interest in the Societe d’exploration des Mines d’Or de Yatela S.A joint venture (“Joint Venture”). Payments made directly by the Joint Venture are included in the Company’s ESTMA report at 40%. |
Extractive Sector Transparency Measures Act - Annual Report | ||||||||||||||||||||||||||
Reporting Year | From: | 2024-01-01 | To: | 2024-12-31 | ||||||||||||||||||||||
Reporting Entity Name | IAMGOLD Corporation | Currency of the Report | USD |
Country | Project Name | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid by Project | Notes | ||||||||||||||||||||||
Burkina Faso | Essakane | 74,640,000 | 83,280,000 | 3,620,000 | — | — | 16,100,000 | — | 177,640,000 | Paid in XOF and CAD. | ||||||||||||||||||||||
Canada | Côté Gold | — | 1,810,000 | 10,400,000 | — | 3,460,000 | — | — | 15,670,000 | Paid in CAD and USD. Including payments made by suppliers on behalf of the Company. Bonuses include in-kind payment of 1 million shares valued at US$3.46 million. | ||||||||||||||||||||||
France | Euro Ressources | 12,010,000 | — | — | — | — | — | — | 12,010,000 | Paid in EUR. | ||||||||||||||||||||||
Canada | Westwood | 5,550,000 | — | 460,000 | — | — | — | — | 6,010,000 | Paid in CAD. | ||||||||||||||||||||||
Mali | Yatela | 1,970,000 | — | — | — | — | — | — | 1,970,000 | Paid in XOF. | ||||||||||||||||||||||
Canada | IMG Corp | 430,000 | — | — | — | — | — | — | 430,000 | Paid in CAD. | ||||||||||||||||||||||
Peru | El Reducto | — | — | 90,000 | — | — | — | — | 90,000 | Paid in PEN. | ||||||||||||||||||||||
Additional Notes: | 1. Basis of Accounting The Schedule of Payments by Payee and the Schedule of Payments by Project (collectively, the “Schedules") prepared by IAMGOLD Corporation (the “Company”) for the year ended December 31, 2024 has been prepared in accordance with the financial reporting provisions in Section 9 of the Extractive Sector Transparency Measures Act, Section 2.3 of the Extractive Sector Transparency Measures Act – Technical Reporting Specifications and Section 3 of the Extractor Sector Transparency Measures Act – Guidance (Version 2.1 – July 2018) (collectively the “financial reporting framework"). The Schedules are prepared to provide information to the Board of Directors of IAMGOLD Corporation and the Minister of Natural Resources Canada to assist in meeting the requirements of the Extractive Sector Transparency Measures Act. As a result, the Schedules may not be suitable for another purpose. 2. Basis of Presentation The Schedules have been prepared using the cash basis of accounting, as required by the financial reporting framework, and therefore exclude any accruals related to payments due to governments. The Schedules include all cash payments made, without inclusion of cash inflows from a government. Where the Company makes a payment to a government that is net of credits from that government, the net payment amount has been presented. 3. Reporting currency All payments are reported in U.S. dollars which is the reporting currency of the Company. When the Company has made payments in currencies other than its reporting currency, it translates the payments using the exchange rate as at December 31, 2024, the Company’s financial year end. The following closing exchange rates were used for the 2024 annual report: USD/CAD 1.4404; USD/XOF 633.7681; USD/EUR 0.9662; USD/PEN 3.7570 4. Rounding All figures have been rounded to the nearest US$10,000. 5. In-kind payments In-kind payments are measured at cost. 6. Control As required by the financial reporting framework, and except for the joint venture discussed below, the Company reports 100% of the payments made by entities controlled by the Company regardless of the Company's percentage of ownership in those entities. The Company has determined whether it controls an entity in accordance with International Financial Reporting Standards. 7. Joint ventures The Company holds a 70% interest in the Côté Gold Mine through an unincorporated joint venture, where the Company is the operator. Payments made directly by Côté Gold are included in the Company's ESTMA report at 100%, including the portion paid on behalf of the non-operator member who owns a 30% interest in Côté Gold. The Company has a 40% interest in the Societe d’exploration des Mines d’Or de Yatela S.A joint venture (“Joint Venture”). Payments made directly by the Joint Venture are included in the Company’s ESTMA report at 40%. |