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  • August 5, 2022
  • Industry News
Skyrocketing costs continue to hamper Gogama mine construction project

Remaining costs to complete Côté gold project is at $1.9 billion

The cost to finish IAMGOLD’s troubled Côté gold mine project will be close to $2 billion.

The Toronto gold company released a project update on the Gogama-area open-pit development project in the wake of a thorough project review started last March.

In May, company management estimated it would take more than a billion dollars to complete construction and bring it into production. A new technical report issued by IAMGOLD now places that figure at $1.9 billion.

Read the entire article from Northern Ontario Business

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