Saturday, September 30, 2023
Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • Cloud Mining
  • Crypto Coins
  • Crypto ICOs
  • Mining/Wallet Downloads
No Result
View All Result
The Crypto Mining Hub
No Result
View All Result
Home Mining Hardware

Iamgold updates Côté gold development, prices

CryptoGuru by CryptoGuru
July 23, 2021
Iamgold updates Côté gold development, prices
Share on FacebookShare on Twitter

The preliminary open pit blast on the Côté gold venture in Might 2021. Credit score: Iamgold.

By: Marilyn Scales
July 23, 2021

Iamgold (TSX: IMG; NYSE: IAG) lately up to date development progress and prices at its Côté gold venture close to Gogama, Ontario. The venture is 65% owned and operated by Iamgold. Sumitomo Steel Mining holds the rest.

The Côté venture is on schedule and was 27% full on the finish of June. Contractors are widening the street to the location and eradicating overburden. The concrete batch plant on the mine website is operational, and the foundations for the ball mill circuit have been poured. Half of the deliberate rooms on the everlasting camp are accomplished.

Iamgold mentioned in a brand new launch that the overall value of the venture has risen this yr and its 70% of the prices can be $1.1 billion or $1.2 billion, in comparison with $875 million or $925 million in final yr’s estimate. The corporate has already spent $193 million on the venture. Industrial manufacturing is anticipated within the second half of 2023.

The Côté mine has a projected mine lifetime of 18 years, throughout which era a complete of 6.6 million oz. of gold can be recovered. There’s a confirmed and possible reserve of 233 million tonnes grading 1 g/t gold, containing 7.3 million oz. (100%).

 



COMMODITY:
Gold

By persevering with to browse you conform to our use of cookies. To study extra, click on more information

Pricey consumer, please bear in mind that we use cookies to assist customers navigate our web site content material and to assist us perceive how we are able to enhance the consumer expertise. You probably have concepts for the way we are able to enhance our providers, we’d love to listen to from you. Click here to e mail us. By persevering with to browse you conform to our use of cookies. Please see our Privacy & Cookie Usage Policy to study extra.

Close

CryptoGuru

CryptoGuru

Next Post
Harte Gold inventory jumps on new discovery close to Sugar Zone mine

Harte Gold inventory jumps on new discovery close to Sugar Zone mine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Cloud Mining
  • Crypto Coins
  • Crypto ICOs
  • Mining Hardware
  • Mining Software
  • Uncategorized
  • Contact Us
  • Privacy Policy

© 2021 Cryptomininghub.net- All rights reserved

No Result
View All Result
  • Home
  • Cloud Mining
  • Crypto Coins
  • Crypto ICOs
  • Mining/Wallet Downloads

© 2021 Cryptomininghub.net- All rights reserved

Go to mobile version