SMMYY - Iamgold Marks Major Progress In Northern Ontario Paving Way For Full-Scale Gold Production | Benzinga
An intermediate gold producer, Iamgold Corporation (NYSE:IAG), has successfully poured the first doré bar at its Côté project located in northern Ontario. This milestone brings the company closer to commercial production at this highly prospective site in a year when gold keeps setting one record high after another.
"I am delighted to announce that Côté Gold achieved the milestone of the first gold pour, less than 90 days since the start of the pre-commissioning activities," said Renaud Adams, president and CEO, clarifying that the project cost remains in line with the updated budget estimate.
"With Côté Gold online, Iamgold now has three operating mines, joining Essakane in Burkina Faso and Westwood in Quebec, Canada," he said.
The Côté mine, situated ...