Building activities at Côté Gold, located in the Abitibi gold belt in Ontario, were slated to start in the first months of 2019, with pre-production beginning in late 2020.
IAMGOLD Mining News
TomaGold will own a 50% interest in the Monster Lake property, with IAMGOLD holding the other 50%.
Combined indicated and inferred resources for the satellite deposit, located 15 km northwest of its Essakane operation in Burkina Faso, amount to 376,000 gold ounces.
The miner said the strike is a breach of the Collective Labour Agreement.
AngloGold says it has started the process of selling the Sadiola mine, a joint venture with IAMGOLD.
The extended plan increases the mine life by two years, raising production to 372,000 oz. gold per year and all-in sustaining costs to US$703 oz. gold per year.
Company said feasibility study for its Boto gold asset outlines an economically robust, low cost production project which will produce 140,000 ounces of gold annually on average over a 13-year lifespan.
Young Mining Professionals names its 2018 Scholarship Fund winners for Canadian mining and geology students
The Scholarship Fund is YMP's initiative to attract the next generation of Canadian leaders to the Mining industry.
The companies were recognized with the awards yesterday at the CIM Awards Gala in Vancouver.
Company expects Côte Gold project to create as many as 1,200 jobs during the construction phase, estimated to last two years.
The fate of IAMGOLD's Sadiola mine hangs in the balance as Mali's gold exports fall and production winds down.
CEO Stephen Letwin says IAMGOLD – one of the best-performing gold stocks so far in 2017 - is gunning to be a gold major.
With the completion of the Japanese firm acquisition of 30% of Côté Gold Project, IAMGOLD's liquidity now exceeds $1 billion.
The deal comes as Sumitomo, Japan’s top gold miner, looks to boost its output through acquisitions and exploration.
IAMGOLD (TSX:IMG) is taking a further step towards diversifying its power needs into renewable energy, with a plan to install at 15-megawatt-peak (MWp) solar power plant at its Essakane mine in Burkina Faso.
Shares in most gold miners fell Monday as the precious metal price dropped more than 1% in early trading and was steadily heading to its largest single-session loss of the month.
Current gold environment necessitates cost cutting.
The code, which is yet to be formalized into law, respects clauses in existing deals, said the miner.
The Canadian miner said it expects the lower output to "adversely" impact costs at the mine.
The sale would be one of the largest of a U.S. gold mine since the price of the precious metal began falling in 2013.
Newmont, Kinross, Goldcorp and Iamgold among the companies said to be interested in all of part of Cripple Creek & Victor mine.
This is Aaron Regent’s first acquisition since founding Toronto-based Magris Resources.
Under the golden light of the setting Saharan sun, two types of workers shuffle between concrete huts on their way home, still bathed in sweat from a day in the mines.
Sources close to X2 Resources, Davis' new company, have cast doubts on reports that the firm had made an offer.
The former Xstrata boss' new venture, X2 Resources, is "currently reviewing a number of opportunities in the metals and mining sector."