IAMGOLD Corporation announced its decision not to proceed with construction of the Côté Gold Project (Côté) in Ontario. IAMGOLD remains focused on existing operations and on current initiatives and opportunities at Saramacca, Rosebel, Essakane, and Westwood. The Company will continue to advance engineering and permitting work at Côté, which it believes will add value. The Company has added value over the past several years by: Identifying almost 10.0 million ounces in Measured and Indicated Resources at Côté (inclusive of Reserves), compared with less than 1.0 million ounces at acquisition; and Developing a Feasiblity Study (FS) Base Mine Plan and a FS Extended Mine Plan with improved net present values and internal rates of return as compared to the Prefeasiblity Study.