IAMGOLD Corporation (NYSE:IAG) Q4 2022 Earnings Call Transcript

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Maryse Bélanger: Okay. I will take this. Well, first let’s €“ I will try to address my knowledge, the headline news we heard about early this week with cool sale. So, we are aware of media reports relating to the Burkina Faso government buying gold. And the government actually issued a statement clarifying that they arranged an agreement with Endeavor for that sale. And by the way, in the mining code, Article 16 does allow for this transaction. And in our case, we sell a small amount frequently directly to the West African Central Bank. But we have not received such a request from the Burkina Faso government. And I would not comment further on this. In terms of the security and a bit more color, as we noted the situation is complex in Burkina is deteriorated in 2022.

And for us, it’s always relative to our convoys of supplies going to the mine. It’s a logistical challenge. And the company continues to take proactive measures to ensure the safety of our people. And we are constantly adjusting our protocols and activity levels, and we are monitoring closely security environment. And also, we are €“ we continue to make some investments in supply chain infrastructure and also in storage capacity on the mine side and we do have the support of the government. So, two components to this, our situation at Essakane and then Rosebel sale, which we have not received that type of request and for Essakane. I hope that’s helpful.

Sean Wondrack: Yes, that’s very helpful. Thank you very much.

Operator: Thank you. We have a follow-up question from Mohamed Soubra. Please go ahead.

Unidentified Analyst: Thanks. Thanks for taking my question there. Just a follow-up question on the current low-grade material at Essakane, I was just looking through the reserve and resource table. I was wondering if you could give me maybe just the tonnage and grade that you currently have there in the low-grade material if that’s available? Thank you.

Maryse Bélanger: For low-grade material, I do not have that. If you don’t mind Mohamed, we could take that slowly.

Unidentified Analyst: Yes, for sure. Thank you so much.

Maryse Bélanger: Thanks.

Operator: This concludes the question-and-answer session. I would now like to hand the call back over to Maryse Bélanger for closing remarks.

Maryse Bélanger: Thank you very much, operator and thanks to everyone for joining us this morning and for your continued engagement with IAMGOLD. As always, we are available should we €“ should you have any additional questions, please do not hesitate to reach out to Graeme Jennings or myself if would like to set up a meeting. Thank you all, and have a great day.

Operator: This concludes today’s conference call. You may disconnect your lines. Thank you for participating, and have a pleasant day.

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