IAMGOLD greenlights construction on Côté open-pit gold mine
IAMGOLD has given the green light to go ahead with construction on a major gold mine near Gogama, a project that is being called a “gamechanger” for the entire region, but especially Greater Sudbury.
Not only that, but IAMGOLD’s Côté Gold Project will be one of a handful of mines in Canada to utilize autonomous vehicles for haulage and exploration drilling — a literal mine of the future.
Company president-CEO Gordon Stothart confirmed the Toronto gold miner remains wedded to using this leading-edge technology in making an announcement of the upcoming start of construction later this year of the more than $1.3-billion, district-scale, open-pit gold mine near Gogama in northeastern Ontario.
“We won’t be the first mine in Canada; we’ll probably be the third mine,” Stothart said in a July 21 media webcast, announcing the company’s decision.
IAMGOLD and joint venture partner Sumitomo Metal Mining announced July 21 that the go-ahead should see construction begin by the third quarter of this year. The Côté Gold Project, once mothballed, is situated halfway between Sudbury and Timmins.
In a statement issued today, Mayor Brian Bigger called the project a “gamechanger.”
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