Exploration success founded IAMGOLD and it remains a cornerstone of its continued growth. Our main areas of interest are West Africa and select countries in the Americas where we carry out both greenfield and near-mine (“brownfield”) exploration.
At a time when exploration budgets have been reduced across the industry year over year, our exploration team has been managing one of our strongest project portfolios yet and has made three greenfield discoveries in the last three years. This success is the result of strategic prioritization of projects and execution of fundamentally sound exploration programs with clear objectives. We are very selective about where we spend our exploration dollars, and focus only on projects with a target threshold potential of at least 1 million ounces of mineral resources capable of reaching 100,000 ounces in annual production. Currently, we have a number of promising projects underway including several at the resource delineation stage.