ANNUAL INFORMATION FORM Dated: February 19, 2020
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ANNUAL INFORMATION FORM FOR THE YEAR ENDED DECEMBER 31, 2019 Dated: February 19, 2020 401 Bay Street, Suite 3200 Toronto, ON M5H 2Y4 Table of Contents Item I Name and Incorporation................................................................................................................... 12 Item II General Development of the Business ........................................................................................... 13 1. Three-Year History .......................................................................................................................... 13 2. Other Disclosure Relating to Ontario Securities Commission Requirements for Companies Operating in Emerging Markets ....................................................................................................... 20 3. Risk Factors ..................................................................................................................................... 23 Item III Description of the Business ........................................................................................................... 48 1. Mining Activities - Canada ............................................................................................................... 48 1.1 Doyon Division - Westwood Mine ........................................................................................... 48 1.2 Côté Gold Project .................................................................................................................... 57 2. Mining Activities – International ....................................................................................................... 78 2.1 Africa: Burkina Faso – Essakane Mine ................................................................................... 78 2.2 Africa: Mali - Sadiola Mine ...................................................................................................... 97 2.3 Africa: Senegal - Boto Project ............................................................................................... 109 2.4 South America: Suriname - Rosebel Mine and the Saramacca Project ............................... 125 3. Exploration and Development ....................................................................................................... 140 3.1 General .................................................................................................................................. 140 3.2 Near Mine and Brownfield Exploration and Development Projects ...................................... 143 3.3 Greenfield Exploration and Evaluation Projects .................................................................... 145 3.4 Outlook .................................................................................................................................. 148 4. Mineral Reserves and Resources ................................................................................................. 149 5. Other Aspects of the Business ...................................................................................................... 153 5.1 Marketing of Production ........................................................................................................ 153 5.2 Environment and Permitting .................................................................................................. 153 5.3 Community Relations ............................................................................................................ 155 5.4 Mining Development and Construction ................................................................................. 156 5.5 Intellectual Property .............................................................................................................. 156 5.6 Competition ........................................................................................................................... 156 5.7 Sale of Production ................................................................................................................. 156 5.8 Employees ............................................................................................................................. 156 6. Dividends ....................................................................................................................................... 157 7. Legal Proceedings and Regulatory Actions................................................................................... 158 Item IV Description of Capital Structure ................................................................................................... 158 Item V Ratings .......................................................................................................................................... 159 Item VI Market for Securities .................................................................................................................... 160 1. Trading Price and Volume ............................................................................................................. 160 2. Prior Sales ..................................................................................................................................... 161 Item VII Directors and Officers ................................................................................................................. 162 1. Directors......................................................................................................................................... 162 2. Executive Officers .......................................................................................................................... 163 3. Shareholdings of Directors and Officers ........................................................................................ 163 4. Corporate Cease Trade Orders or Bankruptcies ........................................................................... 163 Item VIII Audit and Finance Committee ................................................................................................... 164 1. Composition and Relevant Education and Experience of Members ............................................. 164 2. Audit and Finance Committee Mandate ........................................................................................ 167 3. Pre-Approval Policies and Procedures .......................................................................................... 167 4. External Auditor Service Fees ....................................................................................................... 168 Item IX Interest of Management and Others in Material Transactions .................................................... 168 Item X Transfer Agent and Registrar ....................................................................................................... 169 Item XI Material Contracts ........................................................................................................................ 169 Item XII Interests of Experts ..................................................................................................................... 172 Item XIII Additional Information ................................................................................................................ 173 Schedule A ................................................................................................................................................ 174 Audit and Finance Committee Mandate .................................................................................................... 174 List of Charts and Tables IAMGOLD’s Corporate Structure ................................................................................................................ 13 Mineral Reserves and Resources ............................................................................................................. 149 - 1 - Explanatory Notes: 1. All dollar amounts presented in this Annual Information Form are expressed in U.S. dollars, unless otherwise indicated. 2. Production results are in metric units, unless otherwise indicated. 3. IAMGOLD Corporation carries on business in Canada. The subsidiaries of IAMGOLD Corporation carry on business in Canada and elsewhere. In this Annual Information Form, the words “Company” and “IAMGOLD” are used interchangeably and in each case refer, as the context may require, to all or any of IAMGOLD Corporation and its subsidiaries. 4. The information in this Annual Information Form is complemented by the Company’s Audited Consolidated Annual Financial Statements for the year ended December 31, 2019 and the related management’s discussion and analysis. 5. The Company’s Annual Financial Statements for the year ended December 31, 2019 and the related management’s discussion and analysis, are available on SEDAR at www.sedar.com and the Company’s website at www.iamgold.com. Our website and the information contained on our website is not part of or incorporated by reference into this Annual Information Form. Cautionary Note to U.S. Investors Regarding Disclosure of Mineral Reserve and Mineral Resource Estimates The disclosure in this Annual Information Form has been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of U.S. securities laws contained in SEC Industry Guide 7. Disclosure, including scientific or technical information, has been made in accordance with Canadian National Instrument 43-101 - Standards of Disclosure