Massive Canadian gold mine gets green light

MINING.COM | Iamgold and 30% joint-venture partner Sumitomo Metal Mining have decided to move ahead with their Côté gold project in northern Ontario.


Construction at the $1.3 billion, open-pit project is slated to begin in the third quarter, with commercial production expected in the second half of 2023. Over 60% of detailed project engineering is already complete.


Iamgold estimates its 70% of the capex will be C$875-925 million.


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