b'STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2020 (Continued)ThecashdistributionsreceivedfromSuriname TheUJVisgovernedbytheMineralAgreementGoldProjectCVamountedtoUS$198,079in2020 datedApril7,1994,asamended,theUJV(2019:US$186,171).Furtherthecashcallspaid agreement and the Accounting manual both signed amountedtoUS$109,585in2020(2019:US$ onApril22,2020.InthisUJV,theparticipating92,703). interestis30%forStaatsolieand70%forRosebelandthelatterhasbeenappointedastheUJVTheGrouphadnocontingentliabilitiesorcapital operator. commitments relating to its interest in the Suriname GoldProjectCVasatDecember31,2020(2019: Rosebel,establishedonMay8,2002,isaNIL).Thejointventurehadnocontingentliabilities subsidiaryofIAMGOLDCorporation.orcapitalcommitmentsasatDecember31,2020(2019:NIL)thatmaybeconsideredtohavea Staatsolieacquiredthis30%participatinginterestmaterialadverseeffectonitsfinancialpositionor for US$ 54 million (US$ 34 million cash and US$ result of operations. 20milliontobepaidwithinayear).WiththecompletionoftherefinancinginMay2018, TheUJVPikinSaramaccaencompassestheStaatsolie settled its liability with the Government ofexploration,development,andexploitationofgoldSurinameofUS$63,087,effectivelyextinguishing intheUJVareaexceptfortheGrossRosebeltheGovernmentofSurinamesbeneficial Concession.CurrentlytheUJVPikinSaramaccaownershipof4.8%shareintheSurinameGold comprisesof7explorationrightsand1exploitationProjectCV. right,namelySaramaccaConcession.Theabovesummarizedfinancialinformationof TheSaramaccaConcessionislocated25SurinameGoldProjectCVasatDecember31, kilometerssouthwestofitsRosebelMilling2020and2019wasbasedontheauditedfinancial facilityand125kilometerssouthofParamaribo,statementsfortheyearendedDecember31,2020. Suriname.Capital investment in joint operations TheUJVisorganizedasanoperatingjointventurein which the partners share the costs based on Acquisition during the current year: theirrespectiveparticipationpercentage.TheUJVhasnoequity,andallamountsaresettledincashPikin Saramacca bytherespectivepartners.ThetotaloperatingInApril2020,Staatsolieenteredintoan costsareallocatedtoeachPartyona30/70UnincorporatedJointVenture(UJV)withRosebel percent basis.GoldMinesN.V.(Rosebel)namedPikinSaramacca.(a) Acquisition date fair valuesTheprovisionalfairvaluesofidentifiableassetsacquiredassumedoftheUJVasatthedateofacquisitionwere:(X US$ 1,000) Provisional fair valueAssets Exploration and evaluation 9,872Minedeveloptmentcosts 14,018Otherproperty,Plantandequipment 28,247Inventories 2,688 54,826 Liabilities Short-term debt (20,826)Total identifiable net assets at fair value/Total consideration34,000 99'