PROGRESS REPORT - COTE GOLD PROJECTFrom the TD Report: The Cote Gold construction project does remain on schedule, with 36% completed (~63% of costs committed) and detailed engineering 85% complete. As a reminder, the company had previously increased the overall capex budget to just over $1.6 billion (the original budget was ~$1.29 billion).
This is one instance where I’m pleased that IAMGOLD has 70% ownership interest in the gold mine. Let’s hope that there are no major construction cost over-runs on the project. This is the one of my big caveats. Everything else is looking good and the IAMGOLD share price is moving on up.