SEATTLE (Scrap Monster): Toronto, Ontario-based IAMGOLD Corporation announced that it has completed first gold pour at the Cote Gold Mine in Ontario, Canada. The mine is a joint venture project between IAMGOLD and Sumitomo Metal Mining Co., Ltd.
The commissioning activities at the mine have been progressing well over the past several months. The crushing, HPGR and processing circuits had reported performance within expectations. With first gold pour now achieved, the company now looks forward to ramp up the operation to commercial production in the third quarter of the year, aiming a throughput rate of 90% towards end-2024.
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IAMGOLD kept the production guidance from the mine unchanged at 220,000 to 290,000 ounces of gold this year, subject to achieving the remaining milestones. With an expected mine life exceeding 18 years, the Cote Gold Mine is projected to be one among the largest operating gold mines in Canada.
Renaud Adams, President and Chief Executive Officer of IAMGOLD noted that the mine has achieved first gold pour in less than 90 days since the start of the pre-commissioning activities. This is the company’s third operating mine after Essakane in Burkina Faso and Westwood in Quebec, Canada. The achievement marks the culmination of over 15 million hours of work over four years of construction, he added.
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