IAMGOLD is cashed up to put Côté Gold open-pit mine into production in early 2024
GOGAMA — Maryse Bélanger sees “light the end of the tunnel” toward finishing construction at its Côté Gold open-pit mine project near Gogama.
Côté is at its peak construction capacity with 1,500 workers at the site located just off Highway 144 and about halfway between Sudbury and Timmins. At the end of December, Côté stood at the 73 per cent completion mark with about two to four cent of advancement made every month. Côté reached a technical milestone in January with the deployment of the first CAT 793 autonomous haul trucks, supported by remote operators in a new mine control room. A feature of the mine will be an autonomous haulage and drilling system
The company sold off a mine asset and reached out to Sumitomo to loan them $340 million to finish construction. The remaining spending on Côté is estimated between $800 million and $875 million.
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