DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure of Non-current assets held for sale and discontinued operations [Abstract]

Disclosure Of Assets And Liabilities From Discontinued Operations

The Company recognized a loss on disposal of $7.4 million, net of income tax, calculated as follows:


	January 31,
	2023
Proceeds received on closing	$	360.0
Cash and cash equivalents transferred since closing	39.4

Working capital	(3.4)
Transaction costs	(8.7)
Net proceeds	$	387.3

Cash and cash equivalents	$	39.8
Receivables and other current assets	26.7
Inventories	153.7
Property, plant and equipment	446.2
Other non-current assets	10.5
Accounts payable and accrued liabilities	(76.0)
Provisions	(103.8)
Other liabilities	(89.1)
Net carrying amount, January 31, 2023	408.0
Non-controlling interest	(13.3)
Net assets attributable to IAMGOLD	$	394.7
Less: net proceeds	387.3
Loss on sale of Rosebel	$	7.4

The assets and liabilities of the Rosebel mine that were included in the held-for-sale categories are summarized below:


	December 31,		December 31,
	2023		2022
Assets classified as held-for-sale
Cash and cash equivalents	$	—	$	38.5

Receivables and other current assets	—		4.9
Inventories	—		155.8
Property, plant and equipment	—		435.8
Other non-current assets	—		34.6
	$	—	$	669.6
Liabilities classified as held-for-sale
Accounts payable and accrued liabilities	$	—	$	84.2
Current portion of provisions	—		4.2
Deferred income tax liabilities	—		17.4
Leases	—		39.5
Provisions	—		103.8
Other liabilities	—		19.5
	$	—	$	268.6

The Company recognized a gain on disposal of the Senegal Assets of $109.1 million calculated as follows:


	April 25,
	2023
Proceeds on closing	$	165.6
Deferred proceeds	32.0
Transaction costs	(3.7)
Net proceeds	$	193.9

Cash and cash equivalents	$	1.4
Property, plant and equipment	83.3
Other non-current assets	1.1
Accounts payable and accrued liabilities	(0.6)
Net carrying amount, April 25, 2023	85.2
Non-controlling interest	(0.4)
Net assets attributable to IAMGOLD	84.8
Less: net proceeds	193.9
Pre-tax gain on sale of Senegal Assets	$	109.1

The assets and liabilities of the remaining Bambouk assets that are included in the held-for-sale categories are summarized below:


	December 31,		December 31,
	2023		2022
Assets classified as held-for-sale
Cash and cash equivalents	$	0.5	$	2.3

Exploration and evaluation assets	34.1		34.1
Property, plant and equipment	—		78.5
Other non-current assets	—		1.1
	$	34.6	$	116.0
Liabilities classified as held-for-sale
Accounts payable and accrued liabilities	$	5.6	$	7.7

	$	5.6	$	7.7

Disclosure of net (loss) earnings from discontinued operations

The net earnings (loss) from discontinued operations from the Rosebel Mine, which include the results of operating activities for the years ended December 31, 2023 and 2022 are as follows:


	Years ended December 31,
	2023 1		2022
Revenues	$	47.2	$	405.2
Cost of sales	(23.8)		(330.7)
General and administrative expenses	—		(3.5)
Exploration expenses	(0.1)		(1.2)
Impairment charge	—		(110.1)
Other expenses	(1.3)		(2.5)
Finance costs	(0.1)		(1.2)
Foreign exchange gain (loss)	(0.2)		0.4
Interest income, derivatives and other investment gains	—		6.6
	21.7		(37.0)
Income tax	(8.0)		20.6
Net earnings (loss) from discontinued operations before disposal	$	13.7	$	(16.4)
Loss on sale of Rosebel	(7.4)		—

Net earnings (loss) from discontinued operations	$	6.3	$	(16.4)

1. Amounts disclosed for 2023 are for the period until January 31, 2023, the date the transaction closed.