"We are very excited about Côté. It is a tier one, multi-generational asset located approximately halfway between Timmins and Sudbury and sits 6 km off the highway, giving us excellent access to skilled labor, hydropower and transportation routes. Côté is a 70%-30% joint venture between IAMGOLD and Sumitomo Metal Mining, and currently has an 18-year mine life on a reserve base of over 7 million oz Au on 100% basis. The project is expected to produce close to 500,000 oz/y for the first five years, with life of mine average of 367,000 oz/y at all-in sustaining costs of US$802/oz."
Daniella Dimitrov, President, CFO and Interim CEO, IAMGOLD