ROSEBEL GOLD MINE

Ownership:

95% IAMGOLD, 5% Government of Suriname

Location

The Rosebel gold mine is located in the mineral rich Brokopondo district in north eastern Suriname, South America. Suriname is a former Dutch colony situated in northern South America bordering the Atlantic Ocean between French Guiana and Guyana.

The Rosebel property lies approximately 85 kilometres south of the capital city of Paramaribo. The mining concession covers 170 square kilometres, with the Suriname River to the east, the Saramacca River to the west and the Brokopondo reserve to the south. The country covers an area of approximately 163,270 square kilometres with a population of around 500,000.

The property is accessible via paved and all weather gravel roads from Paramaribo, a drive of about 110 kilometres. There is a small airstrip located onsite approximately 2 kilometres from the mill operations. Suriname’s Zanderij International Airport is approximately 60 kilometres by road north of Rosebel. Electrical energy is purchased directly from the Surinamese government and from a parastatal energy company. Rosebel’s power is sourced from the nearby Afobaka hydroelectric generating station and from a diesel generation plant.

The economy of Suriname is dominated by the natural resources sector, in particular the gold industry. Additional natural resources include oil, iron ore and forestry. The economy draws less than 10% of its income from the export of agricultural products including bananas, rice, timber, citrus fruits, shrimp and fish.

History

The Rosebel gold mine began commercial production in 2004 and as at the end of 2016 had produced 4.4 million ounces of gold.