IAMGOLD To Build Solar Project In Suriname - Quick Facts

(RTTNews) - IAMGOLD Corp. (IAG, IMG.TO) and/or its subsidiary, Rosebel Gold Mines N.V. or "RGM" will fund the development and operation of a solar power project with an installed capacity of five megawatts in Suriname. The Solar Project is delivering on a prior commitment to the Government of Suriname, which was made in relation with a prior deal that significantly reduced the firm's cost of power.

The building cost of the Solar Project is likely to be in the range of $12 million to $14 million, including the work necessary to prepare and provide access to the site. It is intended to be operational at the start of the third quarter of 2014. This project would be managed and operated by RGM, with all electric power being used at the RGM site, and will interconnect to Suriname's electric power grid system.

IAMGOLD would continue to work with the Government of Suriname on this project. The firm intends to share all technical information with relevant Government Authorities and ADEK University of Suriname so as to enhance the understanding of solar power potential in Suriname.