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IAMGOLD Announces Côté Gold Project Progress Update and Positive Results of the 2023 Gosselin Drilling Program
All monetary amounts are expressed in U.S. dollars, unless otherwise indicated. Toronto, Ontario--(Newsfile Corp. - October 23, 2023) - IAMGOLD Corporation (NYS
About this update from Iamgold Corporation
[{"type":"text","content":" All monetary amounts are expressed in U.S. dollars, unless otherwise indicated. Toronto, Ontario--(Newsfile Corp. - October 23, 2023) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) (\"IAMGOLD\" or the \"Company\") is pleased to announce an update for the Côté Gold project highlighting the construction progress in the third quarter, alongside additional assay results from its continuing diamond drilling program at the Gosselin zone discovery located immediately adjacent to the Côté Gold deposit. The advancement of Côté Gold and the Gosselin delineation drilling program is being undertaken as part of the Côté Gold joint venture between IAMGOLD, as the operator, and Sumitomo Metal Mining Co., Ltd. (\"SMM\"). Côté Gold is located in Ontario, Canada and is currently under construction with production expected to commence in early 2024. Highlights of Q3 2023 Côté Gold Construction Progress As of September 30, 2023, overall project progress for Côté Gold was estimated to be 90.6% complete, with construction progress approximately 92% complete. Strong performance on health and safety during peak construction with over 1,800 workers at site - bringing total project hours worked to 13.2 million hours with a project-to-date TRIFR of 0.68. Earthworks on the TMF has allowed the dams to achieve elevation milestones to enable the filling of the TMF with water to store the 1.1 - 1.5 million cubic metres required for commissioning and initial operation. Demobilizing contractor with IAMGOLD operating teams successfully taking control of pit, dewatering, pioneer drilling and overburden stockpile activities from the contractor. Significant progress in the dry and wet areas of the process facility, as bulk construction activities are winding down, ushering in the finishing and completion stages. Electrification of the site is ongoing following connection to the provincial hydro grid. Commissioning and Pre-commissioning teams are working with construction teams to coordinate the overlapping of pre-operation activities with remaining construction. Autonomous mining haul trucks have continued to ramp up, with ten CAT 793F currently operating autonomously and a total of fourteen commissioned. Mining activities have built the current ore stockpile to 3.7 million tonnes of material, on track to the target build-up of 5.0 million tonnes by the end of the ye...