Year of heavy spending ahead at IAMGOLD’s Côté Gold Project as mine site complex takes shape
Construction of IAMGOLD’s Côté Gold Project at Gogama is nearing the halfway mark. The Toronto-based international miner said construction at Côté was at the 43 per cent mark at the end of the fourth quarter of 2021. Things look on schedule for the start of commercial gold production in the second half of 2023.
The company delivered a project update with its year-end financials and production numbers.
The Côté Gold Project is located 125 kilometres south of Timmins and 175 kilometres north of Sudbury. It’s a 70-30 joint venture between IAMGOLD and Sumitomo Metal Mining of Japan. Groundbreaking of the open pit took place in the fall of 2020.
Despite COVID case counts rising dramatically in Ontario this month, the company said there’s been no delays experienced at the site. Cladding is going up on the processing plant with the building expected to be fully enclosed by the end of this year’s first quarter. The primary and secondary crusher buildings are up with the equipment having arrived on site.