Côté Gold Receives Funding through the Government of Canada’s Low Carbon Economy Challenge Fund

Earlier this year, our Côté Gold mine in Northern Ontario received funding through the Government of Canada’s Low Carbon Economy Challenge Fund, which supports projects across the country that invest in proven, low carbon technologies to reduce greenhouse gas (GHG) emissions.

Why it matters. The $1.48 million funding will allow our Côté Gold mine to acquire electric-powered dewatering pumps and mobile lighting towers, replacing the diesel-powered equipment currently in use at the mine.

IAMGOLD will also upgrade the mine’s on-site electrical infrastructure to support these new components, as well as an aggregate crusher that was previously powered by a diesel generator. This project will provide clean energy to the mine’s operations and additional electric grid resilience for the accommodations camp and polishing pond pump house, significantly reducing the reliance on diesel.

Our impact. According to the Government of Canada’s projections, the project is set to eliminate an estimated 7,500 tonnes of carbon dioxide equivalent (CO₂e) emissions in 2030 by switching from diesel-driven equipment to cleaner electricity. This is equivalent to planting approximately 300,000 trees.

These upgrades align with IAMGOLD’s long-term vision of improving energy efficiency, reducing our carbon footprint, and enhancing the overall reliability of our operations.

👉 Read the news release.

🔎 Learn more about the Government of Canada’s Low Carbon Economy Challenge Fund.

What was said:

“Receiving funding through the Low Carbon Economy Challenge Fund has allowed Côté Gold to take a significant step forward in our commitment to sustainability and operational efficiency. This investment will allow us to reduce our reliance on diesel while modernizing our pit pumping with infrastructure powered by low-carbon electricity.”

Bryan Wilson, Vice President, Ontario and General Manager, Côté Gold