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 December, 2018
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): ____
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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 registrants
home country), or under the rules of the home country exchange on which the
registrants 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
registrants 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
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.
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IAMGOLD CORPORATION |
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(Registrant) |
|
|
|
Date: December 12, 2018 |
By: |
/s/ Tim Bradburn |
|
|
Tim Bradburn |
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Title: |
Vice President, Legal and Corporate Secretary |
IAMGOLD ANNOUNCES INITIAL RESOURCE AT GOSSEY
DEPOSIT -
LOCATED NEAR ITS ESSAKANE GOLD MINE
TORONTO, December 12, 2018 IAMGOLD Corporation
(IAMGOLD or the Company) today announced an initial Mineral Resource
estimate for the Gossey satellite deposit, located approximately 15 kilometres
northwest of its Essakane operation in Burkina Faso. The estimate was completed
in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum
(CIM) Definition Standards incorporated by reference in National Instrument
43-101 (NI 43-101).
The resource estimate comprises 10.5 million tonnes of
Indicated Resources averaging 0.87 grams of gold per tonne for 291,000 ounces
and 2.9 million tonnes of Inferred Resources averaging 0.91 grams of gold per
tonne for 85,000 ounces. Over 70% of the delineated resources are contained
within shallow, soft, saprolite and transition hosted mineralization.
Craig MacDougall, Senior Vice President, Exploration for
IAMGOLD, stated, "The initial resource estimate reported for the Gossey deposit
confirms the prospectivity of the Gossey Korizena trend to host significant
gold mineralization. We believe there is favourable potential for additional
discoveries within our extensive exploration concessions surrounding the
Essakane operation. I congratulate our exploration team for continuing to define
additional resources in the Essakane area.
The mineral resource for the Gossey deposit incorporates assay
results from 733 diamond (DD) and reverse circulation (RC) drill holes
spaced at approximately 50 x 25 metres and totalling approximately 94,900
metres. The estimate was prepared using a block model constrained with 3D
wireframes of the principal mineralized domains. Values for gold were
interpolated into blocks using inverse distance cubed (ID3). An open pit
optimization algorithm was run on the block model to constrain the resource and
to support the CIM requirement that Mineral Resources have reasonable prospects
for eventual economic extraction. The resource estimate assumes a long-term
gold price of US$1,500/ounce. Only mineralization contained within the
preliminary pit shell has been included in the resource estimate. The effective
date of this resource estimate is May 25, 2018.
A supporting NI 43-101 Technical Report will be filed on SEDAR
at www.sedar.com within 45 days of the date of
this release.
MINERAL RESOURCE STATEMENT - GOSSEY GOLD DEPOSIT, BURKINA
FASO
May 25, 2018 (100% Basis)
Category |
Weathering |
Cut-off Grade |
Tonnage |
Grade |
Contained Au |
|
Zone |
(g/t Au) |
(000s t) |
(g/t Au) |
(000s oz) |
|
Saprolite |
0.33 |
3,916 |
0.66 |
83 |
Indicated |
Transition |
0.42 |
3,467 |
0.85 |
94 |
|
Fresh |
0.47 |
3,071 |
1.15 |
114 |
Total
Indicated |
|
|
10,454 |
0.87 |
291 |
|
Saprolite |
0.33 |
1,464 |
0.75 |
35 |
Inferred |
Transition |
0.42 |
986 |
0.97 |
31 |
|
Fresh |
0.47 |
489 |
1.23 |
19 |
Total
Inferred |
|
|
2,939 |
0.91 |
85 |
Notes:
1. Mineral Resources are not Mineral Reserves and have not
demonstrated economic viability.
2. CIM definitions were followed for classification of Mineral
Resources.
3.
Cut-off grades are 0.33 g/t Au for saprolite, 0.42 g/t Au for transition and
0.47 g/t Au for fresh rock.
4. Mineral Resources are reported using a gold price of
US$1,500 per ounce.
5. Mineral Resources are constrained by a Whittle optimized
pit shell.
6.
All figures have been rounded to reflect the relative accuracy of the
estimates.
About the Essakane - Gossey Area
The Essakane Mine (on a 100% basis and effective as at June 5,
2018) hosts Probable Mineral Reserves totaling 158.2 million tonnes grading 0.89
g/t Au for 4.5 million ounces of contained gold; and Indicated Mineral Resources
(inclusive of Mineral Reserves) of 159.8 million tonnes grading 0.95 g/t Au for
4.9 million ounces of contained gold and Inferred Mineral Resources of 20.7
million tonnes grading 0.88 g/t Au for 589,000 ounces of contained gold (see NI
43-101 Technical Report on the Pre-Feasibility Study for the Essakane Heap Leach
Project filed on SEDAR on July 19, 2018).
The Company holds just over 1,000 km2 of mineral
rights surrounding its Essakane mining operation. The property is underlain by
highly prospective, Birimian-aged metasedimentary, volcanic and intrusive rocks
adjacent to the Markoye shear, a regionally significant structural corridor
which is thought to be an important controlling structure for the localization
of gold mineralization. The geologic setting is similar to other prolific gold
belts in West Africa.
The Gossey Korizena exploration trend, located approximately
15 km northwest of the Essakane mine, extends for some 20 kilometres along
strike highlighted by geochemical anomalies with elevated gold defined by
regional air core sampling surveys, RC drilling and outcrop sampling, and is
associated with historic and locally active artisanal mining areas including at
the Gossey deposit. The Gossey deposit is located near the Gossey village for
which future development of some portions of the deposit may require the
development of a re-location program, similar to the one that was completed
previously at Essakane.
Next Steps
The Company continues to conduct regional exploration within
its large land holdings including the +20 kilometre Gossey-Korizena trend. The
program is targeting the discovery of additional satellite deposits with
potential to continue to add to the mine life of the Essakane operation.
Material results will be disclosed as they are received, validated and
compiled.
Qualified Persons and Data Verification
The Mineral Resource estimate, including verification of the
data disclosed, has been completed by G Mining Services Inc. (GMSI) and
reported in accordance with NI 43-101 requirements and CIM Estimation Best
Practice Guidelines. The resource estimate and supporting technical report were
prepared by Mr. James Purchase, P. Geo., under the supervision of Mr. Rejean
Sirois, P. Eng., Vice President Geology and Resource Geologist. Mr. Sirois, is an independent
qualified person under NI 43-101, and has reviewed and approved the contents of
this release.
page 2 of 5
The information in this news release was reviewed and approved
by Craig MacDougall, P.Geo., Senior Vice President, Exploration for IAMGOLD. Mr.
MacDougall is a Qualified Person as defined by National Instrument 43-101.
The sampling of, and assay data from drill core and RC chips,
are monitored through the implementation of a quality assurance - quality
control (QA-QC) program designed to follow industry best practice. Rock chips
from the Reverse Circulation drilling are collected at the rig site, at 0.5
metre intervals, under the direct supervision of IAMGOLD geologists and field
technicians. Samples are transported to the Essakane mine site and riffle split
and composited to 1 metre intervals obtaining five (5) kg samples. The samples
are delivered to Essakane Mine Analytical Laboratory for mechanical preparation
of the analytical sample and analysis. Sample rejects are stored at site.
Drill core (HQ and NQ size) samples were selected by the
IAMGOLD geologists and sawn in half with a diamond saw at the project site. Half
of the core was retained at the site for reference purposes. Drill core sample
intervals are generally one metre in length for HQ size and one meter and half
for NQ size.
The samples were assayed using a standard 1Kg-LeachWell assay
with an Atomic Absorption finish. Approximately 25% of the tails of the samples
returning values greater than 0.3 g/t Au were re-assayed using 50g-Fire Assay
with Atomic Absorption finish. The same method was also applied to 5% of the
tails of the samples that return values less than 0.3 g/t Au. Umpire checks
comprising approximately 20% of the samples were performed at SGS Analytical
Laboratory in Ouagadougou, Burkina Faso.
Forward Looking Statement
This news release contains forward-looking statements. All
statements, other than of historical fact, that address activities, events or
developments that the Company believes, expects or anticipates will or may occur
in the future (including, without limitation, statements regarding expected,
estimated or planned gold production, all-in sustaining costs and other cost
estimates, capital expenditures and exploration expenditures and statements
regarding the estimation of Mineral Resources and Mineral Reserves, exploration
results, life-of-mine estimates and potential Mineral Resources and Mineral
Reserves) are forward-looking statements. Forward-looking statements are
generally identifiable by use of the words may, will, should, continue,
expect, anticipate, estimate, believe, prospective, significant,
significant potential, substantial, transformative, intend, plan or
project or the negative of these words or other variations on these words or
comparable terminology. Forward-looking statements are subject to a number of
risks and uncertainties, many of which are beyond the Companys ability to
control or predict, that may cause the actual results of the Company to differ
materially from those discussed in the forward-looking statements. Factors that
could cause actual results or events to differ materially from current
expectations include, among other things, without limitation, failure to meet
expected, estimated or planned gold production, unexpected increases in all-in
sustaining costs or other costs, unexpected increases in capital expenditures
and exploration expenditures, variation in the mineral content within the
material identified as Mineral Resources and Mineral Reserves from that
predicted, changes in development or mining plans due to changes in logistical,
technical or other factors, the possibility that future exploration results will
not be consistent with the Company's expectations, changes in world gold markets
and other risks disclosed in IAMGOLDs most recent Form 40-F/Annual Information
Form on file with the United States Securities and Exchange Commission and
Canadian securities regulatory authorities. Any forward-looking statement speaks
only as of the date on which it is made and, except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement.
page 3 of 5
Notes to Investors Regarding the Use of
Resources
Cautionary Note to Investors Concerning Estimates of
Measured and Indicated Resources
This news release uses the term
"indicated resources". We advise investors that while that term is recognized
and required by Canadian regulations, the United States Securities and Exchange
Commission (the SEC) does not recognize them. Investors are cautioned not to
assume that any part or all of mineral deposits in these categories will ever be
converted into reserves.
Cautionary Note to Investors Concerning Estimates of
Inferred Resources
This news release also uses the term "inferred
resources". We advise investors that while this term is recognized and required
by Canadian regulations, the SEC does not recognize it. "Inferred resources"
have a great amount of uncertainty as to their existence, and great uncertainty
as to their economic and legal feasibility. It cannot be assumed that all or any
part of an Inferred Mineral Resource will ever be upgraded to a higher category.
Under Canadian rules, estimates of Inferred Mineral Resources may not form the
basis of feasibility or pre-feasibility studies, except in rare cases. Investors
are cautioned not to assume that part or all of an inferred Resource exists, or
is economically or legally mineable.
Cautionary Note to U.S. Investors
The SEC limits
disclosure for U.S. reporting purposes to mineral deposits that a company can
economically and legally extract or produce. IAMGOLD uses certain terms in this
news release, such as "measured," "indicated," or "inferred," which may not be
consistent with the resource definitions established by the SEC. U.S. investors
are urged to consider closely the disclosure in the IAMGOLD Annual Reports on
Forms 40-F. You can review and obtain copies of these filings from the SEC's
website at http://www.sec.gov/edgar.shtml or by contacting the Investor
Relations department.
The Canadian Securities Administrators' NI 43-101 requires
mining companies to disclose reserves and resources using the subcategories of
"proven" reserves, "probable" reserves, "measured" resources, "indicated"
resources and "inferred" resources. Mineral resources that are not mineral
reserves do not demonstrate economic viability.
A Mineral Resource is a concentration or occurrence of natural,
solid, inorganic material, or natural, solid fossilized organic material
including base and precious metals in or on the Earth's crust in such form and
quantity and of such a grade or quality that it has reasonable prospects for
economic extraction. The location, quantity, grade, geological characteristics
and continuity of a Mineral Resource are known, estimated or interpreted from
specific geological evidence and knowledge. A Measured Mineral Resource is that
part of a Mineral Resource for which quantity, grade or quality, densities,
shape and physical characteristics are so well established that they can be
estimated with confidence sufficient to allow the appropriate application of
technical and economic parameters, to support production planning and evaluation
of the economic viability of the deposit. The estimate is based on detailed and
reliable exploration, sampling and testing information gathered through
appropriate techniques from locations such as outcrops, trenches, pits, workings
and drill holes that are spaced closely enough to confirm both geological and
grade continuity. An Indicated Mineral Resource is that part of a Mineral
Resource for which quantity, grade or quality, densities, shape and physical
characteristics can be estimated with a level of confidence sufficient to allow
the appropriate application of technical and economic parameters, to support
mine planning and evaluation of the economic viability of the deposit. The
estimate is based on detailed and reliable exploration and testing information
gathered through appropriate techniques from locations such as outcrops,
trenches, pits, workings and drill holes that are spaced closely enough for
geological and grade continuity to be reasonably assumed. An inferred Mineral
Resource is that part of a Mineral Resource for which quantity and grade or
quality can be estimated on the basis of geological evidence and limited
sampling and reasonably assumed, but not verified, geological and grade
continuity. The estimate is based on limited information and sampling gathered
through appropriate techniques from locations such as outcrops, trenches, pits,
workings and drill holes. Mineral resources which are not Mineral Reserves do
not have demonstrated economic viability.
page 4 of 5
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:
Indi Gopinathan, Investor Relations Lead, IAMGOLD
Corporation |
Tel: (416) 360-4743 Mobile: (416) 388-6883 |
|
Laura Young, Director, Investor Relations, IAMGOLD
Corporation |
Tel: (416) 933-4952 Mobile: (416) 670-3815 |
|
Martin Dumont, Senior Analyst Investor Relations,
IAMGOLD Corporation |
Tel: (416) 933-5783 Mobile: (647) 967-9942 |
|
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
Newsfiles 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,
veuillez consulter le www.iamgold.com/French/accueil/default.aspx
page 5 of 5
This regulatory filing also includes additional resources:
exhibit99-1.pdf
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