“While first gold is on the horizon, our primary focus and efforts are on positioning the project for a steady ramp up of gold production through the year to achieve commercial production in the third quarter,” Adams said in the statement.
“We are now executing and ramping up commissioning activities, with crushing and screening successfully commissioned, and pre-commissioning ongoing on the HPGR and wet side of the plant,” he said.
“At steady run-rate, Côté Gold will be the third largest gold mine in Canada with an expected mine life exceeding 18 years and significant opportunities for growth.”
The mine is expected to produce 495,000 oz. per year at an all-in sustaining cost of $854/oz. for the first six years of its life.
IAMGOLD owns 60% of the project under a joint venture with Japan’s Sumitomo Metal Mining (40%). Production at Côté, on a 100% ownership basis, is projected to range between 220,000 and 290,000…
