IAMGOLD Announces Closing of Northern Superior Acquisition

Core Viewpoint - IAMGOLD Corporation has successfully completed the acquisition of Northern Superior Resources Inc., enhancing its position in the Canadian gold mining sector with the Nelligan Mining Complex now being one of the largest pre-production gold projects in Canada [1][2]. Company Overview - IAMGOLD is an intermediate gold producer and developer based in Canada, operating mines in North America and West Africa, including the Côté Gold Mine, which achieved full nameplate capacity in June 2025 [3]. - The company employs approximately 3,700 people and is committed to high standards of Environmental, Social, and Governance practices [3]. Transaction Details - The acquisition involved IAMGOLD acquiring all issued and outstanding common shares of Northern Superior, making it a wholly-owned subsidiary [1][2]. - Former Northern Superior shareholders will receive a combination of 0.0991 IAMGOLD common shares and C$0.19 in cash for each NSUP Share held [2]. - The transaction also included a distribution of ONGold Resources Ltd. shares previously held by Northern Superior [2]. Future Plans - IAMGOLD aims to accelerate its exploration program in the Chibougamau-Chapais region of Quebec, focusing on expanding mineralization at Nelligan, Philibert, and Monster Lake [2].