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Côté Gold Project, Ontario

Local News Release

Check out our most recent Newsletter


Fact Sheet (Dec 2021)

2021 Côté Technical Report (November 2021)


For information about working at Côté Gold, community and sustainability, please visit cotegold.ca

Location

Gogama, Ontario, Canada

Ownership

64.75% IAMGOLD

Project Status

Q3 2021 Project Update (see news release)

Côté Gold July 2021 Progress Video

Construction Decision Approval announced July 21, 2020

Reserves and Resources (Attributable Basis)

  • Total Proven and Probable Reserves of 4.7 million ounces.
    • 59% of total Reserve ounces are in the Proven category.
  • Total Measured and Indicated Resources (inclusive of Reserves) of 8.8 million ounces.
  • Total Inferred Resources of 3.6 million ounces.

Project Highlights

Please refer to the October 18, 2021 news release and the 2021 Technical Report for more detail.

2021 Technical Report: Project Economics and Key Parameters
Metric (on a 100% basis) Units 2021 Technical Report1
Gold price assumption $/oz 1,600
USDCAD assumption $USD $CAD 1.30
Mining: open pit mine capacity – Mtpa 70
Process: crush, grind, gravity, leach, CIP mill capacity – Mtpa 13.1
Mill daily throughput tonnes per day 36,000
Years 1 to 5 average gold production1 oz 489,000
LOM average annual gold production oz 367,000
LOM recovered gold million ounces 6.60
LOM average recovery rate % 91.8
Mine life years 18
Average grade g/t gold 0.96
Average LOM strip ratio waste:ore 2.7:1
Total costs (w/out leases) $ millions 1,791
Total costs (w/ leases) $ millions 1,666
Remaining costs from July 1, 2021 (w/out leases) $ millions 1,505
Remaining costs from July 1, 2021 (w/ leases) $ millions 1,380
LOM average cash costs $/oz sold 659
LOM average AISC $/oz sold 802
Sustaining capital $ millions 866
Expansion capital $ millions 223
NPV5% after tax $ millions 1,597
IRR after tax % 19.0
Payback period years 3.7

1 The metrics provided are based on the Extended Case cited in the 2018 Technical Report, updated as discussed in the 2021 Technical Report. Years 1 to 5 average annual production commence on commercial production.

Location

The Côté Gold Project is located in the Chester and Yeo Townships, District of Sudbury, in northeastern Ontario. It is approximately 25 km southwest of Gogama, 125 km southwest of Timmins, and 175 km northwest of Sudbury, roughly 5 km west of Highway 144.

The Project area is characterized by gentle hills, forests, lakes and rivers. The Project area is located on two subwatersheds, the Mollie River system and the Mesomikenda River system. Additionally, the continental watershed divide is located south of the Project property, with the nearest boundary located southwest and more than 3.5 km from the proposed open pit location. Land use in the area consists of recreational activities by locals and tourists, including fishing, camping and hunting. It is also extensively used for sustainable harvesting of timber.

History

IAMGOLD acquired Trelawney Mining and Exploration Inc. in 2012. Trelawney had carried out exploration activities at the Project site since 2009.

Exploration activities have been ongoing in the area since the early 1900s by various companies and government agencies. More concentrated mineral exploration efforts were conducted in the early 1940s and from the early 1970s to about 1990.

Since its discovery in 2010, extensive diamond drilling activities have been undertaken to delineate the Côté Gold deposit.

Côté Gold Project EA Process Overview

For IAMGOLD, effective stakeholder engagement is the foundation of positive community relations. Our guidance on stakeholder engagement is based on the principles of trust, respect and transparency. Additional information about IAMGOLD’s global approach to community relations can be found here.

Upcoming Engagement Events

IAMGOLD has a number of engagement events planned. We hope to see you at one of our events. Check back for updates on future events.

Past Engagement Events

Documents

Indigenous and Stakeholder Engagement Documents

Newsletters

Download
December 2021 3.24 MB
September 2021 2.87 MB
June 2021 2.09 MB
March 2021 1.53 MB
December 2020 2.25 MB
September 2020 1.95 MB
July 2020 3.40 MB
June 2020 3.55 MB
March 2020 3.79 MB
December 2019 2.86 MB
September 2019 2.44 MB
June 2019 1.55 MB
March 2019 2.13 MB
December 2018 560 KB
August 2018 2.49 MB
May 2018 10.78 MB
February 2018 2.96 MB
Summer 2015 1.13 MB
Spring 2015 439 KB
Fall 2014 472 KB
Summer 2014 418 KB
Winter 2014 395 KB
Fall 2013 514 KB
Summer 2013 2.69 MB
Winter 2013 2.43 MB

Permitting Update

Notice to Construct

Fisheries Act Authorizations

Canadian Navigable Waters Act

Closure Plan

Download

Class Environmental Assessment Transmission Line

Archived Notices

Download

Should you have any further questions about the Project, we would be happy to discuss them with you.

All questions or comments about the Project can be directed to:

IAMGOLD Corporation – Côté Gold Project
401 Bay Street, Suite 3200, P.O. Box 153
Toronto, Ontario
M5H 2Y4
T: 416-594-2881 or 705-269-0010 x 205
E: cotegold@iamgold.com

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