UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of April, 2020

Commission File Number: 001-31528

IAMGOLD Corporation
(Translation of registrant's name into English)

401 Bay Street Suite 3200, PO Box 153
Toronto, Ontario, Canada M5H 2Y4
Tel: (416) 360-4710

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

[           ] Form 20-F                        [ x ] Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes [           ]                                 No [ x ]

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________


SUBMITTED HEREWITH

Exhibits

Exhibit Description
  
99.1   News Release dated April 24, 2020

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  IAMGOLD CORPORATION
  (Registrant)
     
Date: April 24, 2020 By: /s/ Tim Bradburn
    Tim Bradburn
  Title: Vice President, Legal and Corporate Secretary

 





IAMGOLD SIGNS UJV AGREEMENT WITH STAATSOLIE

Toronto, Ontario, April 24, 2020 - IAMGOLD Corporation ("IAMGOLD" or the "Company") is pleased to announce that its subsidiary Rosebel Gold Mines ("RGM") has signed an Unincorporated Joint Venture ("UJV") Agreement ("Agreement") with Staatsolie Maatschappij Suriname NV ("Staatsolie"), relating to the concession areas within the UJV Area of Interest (which includes Saramacca). The UJV excludes the existing Gross Rosebel mining concession, which is 95% owned by RGM and 5% owned by the Republic of Suriname.

Staatsolie is Suriname's state-owned oil company, and also holds a 25% interest in Newmont Suriname as a limited partner.

The Republic of Suriname has chosen to designate Staatsolie as the entity to hold its undivided 30% Participating Interest in the UJV, along with all the associated rights and obligations, which Staatsolie accepted. The UJV was previously agreed to in the Second Amendment to the Mineral Agreement, announced in June 2013, with Staatsolie now the new UJV partner replacing the entity NV1 that was originally designated by the Republic of Suriname to hold their 30% interest.

Under the terms of the Agreement between RGM and Staatsolie, the UJV will be administered as follows:

  • The date of transfer of the UJV interest is effective the date of signing of the Agreement, April 22, 2020.
  • Pursuant to the Agreement, Staatsolie is required to make an initial contribution equal to 30% of all operating and capital expenses related to the Saramacca Project, including acquisition, exploration, and development costs within the UJV Area. Accordingly, Staatsolie has paid RGM an initial amount of US$34.0 million toward an aggregate owing of US$54.9 million.
  • The remaining amount, in addition to ongoing operating and capital expenses, including management fee and interest, will be paid out of Staatsolie's gold entitlement under the UJV Agreement.
  • An UJV Board will be established to oversee the UJV and its operations, and will be comprised of four representatives from RGM and two from Staatsolie.
  • RGM will remain the UJV Operator, with overall management responsibility for UJV Operations.
  • 70% of production from the UJV operations, which includes the Saramacca mine, will be attributable to RGM, with 30% attributable to Staatsolie.
  • All royalties and taxes payable in accordance with the Mineral Agreement will be made by each UJV Party in proportion to its Participating Interest.

IAMGOLD's production profile for Rosebel beginning in 2020 already incorporates the 70:30 split for Saramacca.

"We are pleased to welcome Staatsolie as our UJV partner for expansion of the gold production at the Rosebel operations," commented Gordon Stothart, President & CEO of IAMGOLD. "They bring both business savvy and resource industry experience to our partnership. The signing of the UJV Agreement is the product of many years of effort. I would like to thank all parties involved, including the Surinamese Government, Staatsolie, and the IAMGOLD team, for their efforts in achieving this successful outcome."

Rudolf Elias, CEO of Staatsolie, said, "With this participation, Staatsolie increases its share in large-scale gold mining and further implements its diversification strategy."

About IAMGOLD

IAMGOLD (www.iamgold.com) is a mid-tier mining company with three operating gold mines on three continents. A solid base of strategic assets in North and South America and West Africa is complemented by development and exploration projects and continued assessment of accretive acquisition opportunities.  IAMGOLD is in a strong financial position with extensive management and operational expertise.

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For further information please contact:

Indi Gopinathan, VP, Investor Relations & Corporate Communications, IAMGOLD Corporation

Tel: (416) 360-4743 Mobile: (416) 388-6883

Toll-free: 1-888-464-9999  info@iamgold.com

Please note:

This entire news release may be accessed via fax, e-mail, IAMGOLD's website at www.iamgold.com and through Newsfile's website at www.newsfilecorp.com. All material information on IAMGOLD can be found at www.sedar.com or at www.sec.gov.

Si vous désirez obtenir la version française de ce communiqué de presse, veuillez consulter le http://www.iamgold.com/French/accueil/default.aspx.

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This regulatory filing also includes additional resources:
exhibit99-1.pdf
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