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lAMGOLD Announces Significant Increase in Nelligan Ounces & Update of Global Mineral Reserves and Resources
All amounts are in US dollars, unless otherwise indicated. Measured and indicated resources ar...
About this update from Iamgold Corporation
[{"type":"text","content":"lAMGOLD Announces Significant Increase in Nelligan Ounces & Update of Global Mineral Reserves and ResourcesAll amounts are in US dollars, unless otherwise indicated.Measured and indicated resources are quoted inclusive of proven and probable reserves for all sites and projects.Toronto, Ontario--(Newsfile Corp. - February 20, 2025) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) (\"IAMGOLD\" or the \"Company\") announces its updated Mineral Reserves and Mineral Resources statement as of December 31, 2024 prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\"). A summary table of the Company's Mineral Resources and Mineral Reserves, including attributable ounces accounting for ownership interest, can be found at the end of this news release.HighlightsUpdated Mineral Resources for the 100%-owned Nelligan Project of 3.1 million Indicated gold ounces in 102.8 million tonnes (\"Mt\") at 0.95 grams per tonne gold (\"g/t Au\"), and 5.2 million Inferred ounces (166.4 Mt at 0.96 g/t Au). This represents a 56% increase in Indicated ounces, or 1.1 million ounces, with an accompanying 13% increase in grade; as well as a 33% increase in Inferred ounces, or 1.3 million ounces, with a similar 14% increase in grade. Nelligan mineralization remains open along strike and at depth.Proven and Probable (\"P&P\") Mineral Reserves (100% basis) total 10.7 million ounces of gold in 296 Mt at 1.12 g/t Au (8.2 million ounces attributable). P&P Mineral Reserves decreased 3%, or 367,000 ounces, from the year prior. P&P Mineral Reserves at Essakane increased 5% net of depletion, offset by a 4% decrease at Côté due to depletion as drilling is ongoing. Measured and Indicated (\"M&I\") Mineral Resources (100% basis) increased 3% to 26.7 million ounces of gold in 846 Mt at 0.98 g/t Au (21.2 million ounces attributable). Inferred Mineral Resources (100% basis) increased 27% to a total of 12.8 million ounces (11.4 million ounces attributable).Gold price assumptions for Mineral Reserves were updated for Essakane and Westwood to $1,500 per ounce, Côté remained unchanged at $1,400 per ounce; the gold price assumption for Mineral Resources for Essakane and Westwood were increased to $1,800 per ounce, Côté remained unchanged at $1,700 per ounce. \"It was another prod...