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IAMGOLD appoints David Smith as Chair; says Maryse Bélanger retired from the Board

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(Kitco News) - Gold producer IAMGOLD (TSX: IMG) (NYSE: IAG) announced today that Maryse Bélanger has retired from the company's Board for personal reasons and other commitments. Immediately following Ms. Bélanger's retirement, the company’s Board has appointed David Smith to serve as Chair.

The company said that Mr. Smith joined the Board as an independent director in February 2022, “bringing nearly 40 years of financial and executive leadership experience in the mining sector.”

Over the last year, Mr. Smith acted as Lead Director from the period of May 2022 to April 2023 while Ms. Bélanger was acting as interim President and CEO, it added.

IAMGOLD said that during this period, the company raised nearly $1 billion in financing through the sale of non-core assets and the Côté Gold financing agreement with Sumitomo Metal Mining.

The company noted that Mr. Smith is a Corporate Director who has had a career on both the finance and the supply sides of the mining business, with “extensive international exposure and experience in the acquisition, sale, development, financing and operations of base and precious metal operations.”

Mr. Smith served six years as the Chief Financial Officer and Executive Vice President of Finning International, a major equipment supplier to the mining industry with significant operations in Canada and South America.

Previous to joining Finning, Mr. Smith's career included serving as Chief Financial Officer of Ballard Power Systems, and various senior executive positions over 16 years with Placer Dome and four years with PriceWaterhouseCoopers. Mr. Smith currently is a director of Hudbay Minerals and NorthWest Copper.

IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa. The company is building the large-scale, long life Côté Gold project in Canada in partnership with Sumitomo Metal Mining, which is expected to commence production in early 2024.

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