Côté Gold open pit to start production in early 2024
Toronto’s IAMGOLD said construction progress of its Côté mine project near Gogama is at the 92 per cent mark. In a news release, the company said activity is at a point where construction is largely wrapping up and pre-production teams are moving in to begin commissioning various elements of the open-pit operation.
Côté is expected to start gold production sometime during the first quarter of 2024. Mining is already underway, having started last July. In the course of digging out the pit, 3.7 million tonnes of gold-enriched material has been stockpiled, on track to compile 5 million tonnes by year’s end.
The workforce at the site, located halfway between Sudbury and Timmins, averaged between 1,800 and 1,900 in September. While labour availability and turnover is a concern, the company said on the hiring front it’s filled 400 positions.
On the construction side, the first phase of the tailings dam is complete and ready to store up to one million square metres of water. Main construction at the processing plant will wrap by the end of this month.