Côté achieves commercial production – Iamgold
Canadian miner Iamgold has achieved commercial production at the Côté mine, in Ontario.
The mine, which is a joint venture between Iamgold and Sumitomo Metal Mining Co, reached the milestone after the mill operated at an average of 60% of its nameplate throughput of 36 000 t/y for at least 30 consecutive days.
"I would like to commend our teams at Côté Gold who have come together to achieve another great milestone as we progress and ramp up what we believe will be one of Canada's largest gold mines and a model for modern mining in Canada," said Iamgold president and CEO Renaud Adams.
"Since achieving the first pour of gold on March 31, 2024, our teams have spent the last four months methodically and iteratively testing and ramping up all facets of the mine. This process has required remarkable commitment, ingenuity and teamwork to bring all the systems online together to achieve this milestone.
"With commercial production behind us we continue to focus on improving plant availability towards our goal of Côté exiting the year at 90% of nameplate throughput,” said Adams.
Further, in May Iamgold completed its equity financing that has positioned the company to repurchase the 9.7% interest in Côté this November and return to 70% ownership.
The company is planning a multi-day shutdown in September to address and mitigate the impact of traditional wear and tear on availability of the circuits, in support of the goal to ramp up throughput to 90% by the end of the year.
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