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IAMGOLD Announces Update on Côté Gold Mine Operations and Exploration Ahead of Mine Tour
All monetary amounts are expressed in U.S. dollars, unless otherwise indicated. Toronto, Ontari...
About this update from Ia Financial Corporation Inc.
[{"type":"text","content":"IAMGOLD Announces Update on Côté Gold Mine Operations and Exploration Ahead of Mine TourAll monetary amounts are expressed in U.S. dollars, unless otherwise indicated.Toronto, Ontario--(Newsfile Corp. - October 15, 2024) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) (\"IAMGOLD\" or the \"Company\") is pleased to provide an update for the Côté Gold Mine (\"Côté Gold\" or \"Côté\") including preliminary operating results for the third quarter of 2024 and updated drilling results on the ongoing drill program in the Gosselin zone, an extension of mineralization immediately adjacent to the northeast of the primary Côté zone. Operating HighlightsGold production of 68,000 gold ounces (\"ounces\" or \"oz Au\") on a 100% basis (41,000 ounces attributable).The ramp up of the processing plant remains on track to exit the year at 90% of the design throughput rate of 36,000 tonnes per day (\"tpd\"). Mining activity totaled 10.4 million tonnes in the third quarter 2024 with an improvement in the strip ratio to 2.3:1 and total ore mined of 3.2 million tonnes. Mill throughput in the third quarter 2024 totaled 1.6 million tonnes, approximately double the rate from the prior quarter. Record daily throughput of 40,900 tpd (+14% above nameplate) achieved following the scheduled shutdown in September, during which key optimizations and improvements were made to improve the availability and performance of the processing plant.Subsequent to quarter end, the processing rate continued to ramp up from the adjustments and improvements made in the third quarter. Since October 2nd, the plant has averaged a daily throughput of 30,000 tpd, equating to an average of 83% of nameplate design.Gosselin Zone Exploration HighlightsThe diamond drilling program successfully outlined extensions of the Gosselin Zone outside of the December 31, 2023 resource pit shell. Key extensions have been intersected south and west of the Gosselin West Breccia, and at depth between the Côté and Gosselin West Breccia.Assay results include: 368.8 metres (\"m\") at 0.96 grams per tonne gold (\"g/t Au\") in drill hole GOS23-151 from 221.2 m; 235.0 m at 2.70 g/t Au in drill hole GOS24-160 from 697.0 m; and 357.0 m at 1.10 g/t Au in drill hole GOS24-166 from 864.0 m.Renaud Adams, President and Chief Executive Officer of IAMGOLD, c...