Iamgold starts commercial production at its only mine in Ontario

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In a release, Iamgold president and CEO Renaud Adams said rampup at the company’s newest mine was going well.

“Since achieving the first pour of gold on March 31, 2024, our teams have spent the last four months methodically and iteratively testing and ramping up all facets of the mine,” Adams said. “This process has required remarkable commitment, ingenuity and teamwork to bring all the systems online together to achieve this milestone.”

Commercial production means the mine has reached at least 30 consecutive days of operations at about 60% of its 36,000-tonne–per-day capacity, Iamgold said.

The company will now continue its focus on improving plant availability towards Côté reaching 90% of nameplate throughput by the end of the year, Adams added.

Operated in a joint venture with Sumitomo Metal Mining, Côté, located 125 km southwest of Timmins, is expected to be among Canada’s largest gold mines. It’s the…

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