TORONTO, April 25, 2018 /PRNewswire/ - IAMGOLD
Corporation ("IAMGOLD" or the "Company") is proud to announce
that it has joined partners including Agnico Eagle Mines Ltd.,
Wheaton Precious Metals Corp., Goldcorp Inc. and Sprott Inc., in a
strategic private placement with Tradewind Markets, Inc.
("Tradewind"), a financial technology company that uses blockchain
to speed up and streamline digital gold trading.
Officially launched on March 23,
2018, the Tradewind platform integrates world-class exchange
technology with a tailored blockchain application, VaultChain™ Gold
("VaultChain"), in order to facilitate the trading, settlement and
ownership of physical gold. This revolutionary new platform
securely digitizes vaulted precious metals for the first time,
removing structural, technical and frictional limitations from the
physical gold market.
IAMGOLD will collaborate with Tradewind and other investors with
the platform to increase the utility of gold and bring new value
for producers, dealers and investors. While the platform will
initially target physical gold dealers in North America, new capital will fund the
expansion of Tradewind and the distribution network for VaultChain
on a global scale.
"We are delighted to be an early investor in Tradewind and at
the forefront of an exciting new application such as VaultChain,"
said Steve Letwin, President and CEO
of IAMGOLD. "By storing and tracking physical gold on the
blockchain, miners will be able to unlock value by selling directly
to the end user using the Tradewind platform. We look forward to
working with like-minded peers for the betterment of the gold
mining industry, taking control of our own destiny to bring gold
into the digital age. Beyond the digitization of gold, I believe
Tradewind will continue to create new opportunities for IAMGOLD and
the gold industry."
Tradewind was a #DisruptMining finalist in 2017, the mining
innovation accelerator designed to encourage new ideas, generate
new opportunities and tackle problems more efficiently, and to
bridge the gap between mining and technology. Tradewind has raised
$22.8 million in capital since
inception.
About Tradewind
Tradewind has built a technology
platform for digitizing the trading, settlement, and ownership of
precious metals. The Tradewind solution combines world-class
exchange technology with Vaultchain™ Gold, Tradewind's blockchain
technology tailored for precious metals. Tradewind was formed in
2016 and is managed by a team of professionals with extensive
experience in electronic trading, market structure, gold investment
management, market operations, cryptography and blockchain
technology. For more information please visit
www.tradewindmarkets.com.
About IAMGOLD
IAMGOLD (www.iamgold.com) is a mid-tier
mining company with four 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.
For further information please contact:
Anthony Moreau, Business
Development & Innovation Manager, IAMGOLD Corporation
Tel: (416) 594-2879
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 CNW Group's website at
www.newswire.ca. All material information on IAMGOLD can be found
at www.sedar.com or at www.sec.gov.
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SOURCE IAMGOLD Corporation