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IAMGOLD Corporation completes sale of its interest in Rosebel Gold Mines to Zijin Mining for approximately US$360 million in cash and release of US$41 million in liabilities

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IAMGOLD Corporation

IAMGOLD Corporation ("IAMGOLD") and Zijin Mining Group Co., Ltd. ("Zijin Mining") announced the completion of the previously announced sale of IAMGOLD's 95% interest in subsidiary Rosebel Gold Mines N.V. ("Rosebel") to Zijin Mining for cash consideration of approximately US$360 million and release of IAMGOLD's equipment lease liabilities amounting to approximately US$41 million (the "Transaction"). Rosebel holds a 100% interest in the Rosebel Gold Mine and a 70% participating interest in the Saramacca Mine, located in Suriname. The remaining 5% interest in Rosebel will continue to be held by the Government of Suriname.  

Fasken advised IAMGOLD in connection with the Transaction with a team comprised of John Turner, Alex Nikolic, Brad Freelan, Claire Gowdy, Payton Holliss, Chelsea Young and George Soules (Capital Markets and M&A); Christopher Steeves, Paul Casuccio and Kevin Yip (Tax); Huy Do (Competition); Rosalind Cooper (Environmental); and Clifford Sosnow (Anti-Corruption).


  • Ontario
  • Suriname



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