IAMGOLD Cote Gold Mine Achieved Nameplate Throughput

The company expressed confidence in its ability to meet the previously declared annual production forecast of 360,000 to 400,000 ounces.

SEATTLE (Scrap Monster): Toronto, Ontario-based IAMGOLD Corporation announced that its Cote Gold Mine has reached a major milestone with its processing plant operating at the nameplate capacity of 36,000 tons per day (tpd) on average for more than thirty consecutive days.

The milestone was achieved nearly 15 months after pouring its first gold. The mine had made its first gold pour in April last year. Subsequently, the mine achieved commercial production in August 2024.

IAMGOLD Started Commercial Production at Ontario Gold Mine

In a press release, Renaud Adams, President & CEO of IAMGOLD said that the milestone demonstrates the company’s commitment to excellence and accountability. It has been a great achievement to bring a gold project from first gold to the design nameplate rate within a timeframe of 15 months, while ensuring a safe workplace for all. He congratulated Cote Gold teams for demonstrating remarkable determination and commitment. Additionally, he hoped that the installation of the second cone crusher will bring significant opportunities.

The company expressed confidence in its ability to meet the previously declared annual production forecast of 360,000 to 400,000 ounces. At the same time, it foresees notable cost reduction in its operations.

The Cote Gold Mine is an open-pit mine located approximately 125 kilometres southwest of Timmins, Ontario.