IAMGOLD Corp T.IMG

Alternate Symbol(s): IAG

Metals & Mining Gold

IAMGOLD Corporation is a Canada-based intermediate gold producer and developer. Its principal activities are the exploration, development, and operation of gold mining properties in North America and West Africa. Its projects include Essakane, Westwood and Cote Gold. The Essakane project is in north-eastern Burkina Faso, West Africa. It straddles the boundary of the Oudalan and Seno provinces in the Sahel region of Burkina Faso and is approximately 330 kilometers (km) northeast of the capital, Ouagadougou. The Westwood Project is located on the Doyon property, 2.5 km east of the former Doyon Gold Mine in Bousquet Township. The Cote Gold Project is in the Chester and Yeo Townships, District of Sudbury, in northeastern Ontario. It owns a 100% interest in the Nelligan Gold Project, located 60Km southwest of Chibougamau. It holds claims of Nelligan, as well as other earlier stage exploration properties in Northern Quebec. It also owns Rich Lake and Lac a l’Eau Jaune (gold) properties.

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IAMGOLD Corp > Bad news this morning for IMG

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Comment by Reachmeon Nov 08, 2022 8:24am

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Post# 35081330

RE:Bad news this morning for IMG

"Regarding the estimated costs increases of the Cote Gold Project (Canada) announced by IAMGOLD" dated May 4, 2022 and August 4, 2022. As a result of this review, the initial capital expenses required for the construction of the Project are estimated to increase from 1.785 billion US dollars (excluding costs of 125 million US dollars for leasing heavy equipment) to 2.820 billion US dollars (excluding costs of 145 million US dollars for leasing heavy equipment).

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