Project UpdateJun 1, 2026, 07:07 AM
IAMGOLD Côté Gold M&I Resources Up 12% to 20.3M Oz Gold
AI Summary
IAMGOLD announced an updated Mineral Resource estimate for its Côté Gold Mine, showing a 12% increase in consolidated Measured and Indicated (M&I) Mineral Resources to 20.3 million ounces of gold. This update integrates the Côté and Gosselin zones into a single model with revised economic assumptions, including a higher gold price of $2,500 per ounce and a lower cut-off grade of 0.25 g/t Au. The estimate will support an upcoming technical report and mine plan in Q4 2026, which will assess a plant expansion and larger-scale mining.
Key Highlights
- Consolidated Measured and Indicated (M&I) Mineral Resources increased by 12% to 20.3 million ounces of gold.
- Côté M&I Mineral Resources rose 13% to 12.7 million ounces of gold.
- Gosselin M&I Mineral Resources increased 8% to 7.4 million ounces of gold.
- Consolidated Inferred Mineral Resources grew 61% to 3.5 million ounces of gold.
- Updated gold price assumption of $2,500 per ounce (previously $2,100/oz for Côté).
- Consolidated Mineral Resource cut-off grade reduced to 0.25 g/t Au (from 0.30 g/t Au).
- Upcoming Côté Gold Technical Report and mine plan expected in Q4 2026.
- Planned 30,000 m diamond drilling program for 2026 to further expand resources.
Price Impact
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