Gold production is expected to double this year at the new Côté Gold Mine, outside Gogama.
With an abbreviated, but strong, startup year under its belt, IAMGOLD said it sees “positive momentum” heading into 2025 at its open-pit mine located halfway between Sudbury and Timmins.
Côté has only been operating for nine months — first gold was poured on March 31, 2024 — but in that span the open-pit operation produced 199,000 ounces for the year, including a healthy 96,000 ounces in the fourth quarter.
To that end, this year’s gold production target for Côté (known in industry vernacular as guidance) is being set between 360,000 and 400,000 ounces.
In a news release last week, company president-CEO Renaud Adams heaped praise on the Côté team that “achieved among the quickest ramp-ups to commercial production for a large-scale open-pit gold mine in Canada.”
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