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IAMGOLD aspires to be a leading Canadian-focused gold producer with a modern multi-asset portfolio, empowered workforce, generating value for all stakeholders.

The company recently started production at Côté Gold – Canada’s next large-scale, long life gold mine which will be a model for modern mining in Canada.

 


Bullboard - Investor Discussion Forum IAMGOLD Corp T.IMG

Alternate Symbol(s):  IAG

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... see more

TSX:IMG - Post Discussion

IAMGOLD Corp > IAG dealing with Radisson
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Post by SPACEDOC on Sep 09, 2024 8:40am

IAG dealing with Radisson

NEWS RELEASE: Radisson Announces Memorandum of Understanding with @IAMGOLD_Corp on Milling Assessment for O’Brien Gold Project READ THE FULL NEWS RELEASE HERE  radissonmining.com/press-releases

Radisson Mining Resources Inc. (TSX-V: RDS, OTCQB: RMRDF) (“Radisson” or the “Company”) is pleased to announce that it has entered into a Memorandum of Understanding (“MOU”) with IAMGOLD Corporation (“IAMGOLD”) to assess the design criteria for processing mined material from Radisson’s O’Brien Gold Project (“O’Brien” or the “Project”) at the nearby Doyon gold mill, part of IAMGOLD’s Doyon-Westwood mine complex. The Doyon mill is located 21 kilometres west of O’Brien within Quebec’s Abitibi region and directly accessible along Trans-Canada Highway 117.

If off-site processing at Doyon is deemed viable by both parties, Radisson intends to complete a Preliminary Economic Assessment (“PEA”) for O’Brien, which will further consider mine design, mining methodology, mining rate and gold production profile, facilities requirements, development schedule and overall Project economics.

Matt Manson, President & CEO commented“Hub-and-spoke mining and milling arrangements have long been a feature of gold mining in the Abitibi. Today we are announcing the first step in assessing the viability of such an arrangement for the O’Brien Gold Project. The MOU with IAMGOLD will facilitate the technical work required to assess the compatibility of O’Brien’s gold ore with the Doyon mill. Doyon is directly accessible to O’Brien via a short haul on paved highway, and a future O’Brien mine with offsite processing and tailings disposal would be a potentially low-cost, low-impact and highly profitable mining operation. The MOU with IAMGOLD contains no commercial terms regarding how ore supply from O’Brien to Doyon would be arranged; however, further discussions between the two parties, and a companion O’Brien PEA, are contemplated upon the successful completion of this preliminary technical work.”

Terms of the MOU

The MOU facilitates the exchange of technical data between Radisson and IAMGOLD Corporation (collectively the “Parties”) regarding metallurgy, flow-sheet configuration, potential mill modifications, and future processing and tailings disposal capacity. Each Party will be responsible for its own costs associated with the work. To conduct the assessment, Radisson has retained Ausenco Engineering Canada ULC and a program of metallurgical work has already commenced at the Lakefield, Ontario facilities of SGS Canada Inc. The MOU is non-binding and non-exclusive and contains no specific terms around potential commercial arrangements between the Parties. There is no certainty that any arrangement between the Parties will result from their dealings pursuant to the MOU.

Radisson Mining Resources Inc.

Radisson is a gold exploration company focused on its 100% owned O’Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Qubec. The Bousquet-Cadillac mining camp has produced over 25 million ounces of gold over the last 100 years. The Project hosts the former O’Brien Mine, considered to have been Qubec’s highest-grade gold producer during its production. Indicated Mineral Resources are estimated at 0.50 million ounces (1.52 million tonnes at 10.26 g/t Au), with additional Inferred Mineral Resources estimated at 0.45 million ounces (1.62 million tonnes at 8.64 g/t Au). Please see the NI 43-101 “Technical Report on the O’Brien Project, Northwestern Qubec, Canada” effective March 2, 2023, Radisson’s Annual Information Form for the year ended December 31, 2023 and other filings made with Canadian securities regulatory authorities available at www.sedar.com for further details and assumptions relating to the O’Brien Gold Project.

For more information on Radisson, visit our website at www.radissonmining.com or contact:

Matt Manson
President and CEO
416.618.5885
mmanson@radissonmining.com

Kristina Pillon

Comment by SPACEDOC on Sep 09, 2024 10:00am
LIke I have said, IAG CEO has been quoted in private conversation of establishing "Quebec Inc"/  The acquisition of Nelligan from VSR is another step. Now Radisson is a possibility to have a relationship. I think Northern Superior adjacent to Nelligan is in play also. It makes sense for  all the ore be processed by IAG to their and the smaller companies mutual benefit
Comment by SPACEDOC on Sep 09, 2024 10:16am
Adding to it YOUTUBE with PG https://www.youtube.com/watch?v=fm0Qzqn-U7M&t=215s
Comment by 7Twiggy on Sep 14, 2024 12:55pm
After doing a little more research, agree you may be right.  Any thoughts on the timing?  Also wonder how long it will take to get drill results from the present operation.  Stock slowly moving up on both US and Canadian exchanges.  Just a few cents over the bought deal a few months ago.  Those of us that sold IAM gold shares may end up getting the shares back again ...more  
Comment by SPACEDOC on Sep 15, 2024 10:07am
I am looking at combining Radisson, Northern Superior and the Nelligan project and perhaps other juniors with IAG in the area..  One mill does it all  making the economics very efficient. IAG will charge a nice fee or get a royalty to process the other ore.or simply buyout the others on the cheap Like I said the CEO in private meeting want IAG to be "Quebec Inc" and this may ...more  
Comment by edmed on Sep 15, 2024 9:01pm
I agree Spacedoc. What started out for me as a quick buck owing Vanstar looking for a buyout has now turned into what I feel is a long term holding of mine. I am content to sit on my IMG shares for the long term. I like the way this company is being managed right now.l They need however to take things one step at a time and not bite off more than they can chew.   Unmanagable debt is the ...more  
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Investment Opportunity

Côté Gold: initial production achieved in March 2024, potential to become 3rd largest operating gold mine in Canada
 

Liquidity position of $754.1 million, including $367.1 million in cash & equivalents
 

Proven exploration program focused on unlocking value in key districts with long-term potential near existing infrastructure



Côté Gold Progress - August 2023

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