Iamgold reserves reach 12.4moz, M&I resources 22.1moz at year end

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Measured and indicated resources were 646.5 million tonnes grading 1.1 g/t gold for 22.1 million oz. gold. That is a drop of 8% compared to 2020 when resources were 712.9 million tonnes containing 23.9 million oz.

In the inferred category, resources were 310.5 million tonnes grading 1.1 g/t gold for 11.1 million oz gold. There was a drop of 2% from a year earlier when inferred resources were 314.5 million tonnes containing 11.3 million oz.

The notable exception to this downward trend is the Gosselin deposit, where an initial resource estimate was released in 2021. Iamgold said the indicated resource is 124.5 million tonnes grading 0.8 g/t gold for 3.4 million oz. gold, and the inferred resource is 72.9 million oz. grading 0.7 g/t gold for 3.8 million oz. gold.

The Gosselin deposit is part of the Côté gold project (65% Iamgold, 35% Sumitomo) under development 35 km from Gogama, about 130 km southwest of Timmins, Ontario. Adding…

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