Toronto-listed bullion producer Iamgold on Tuesday reported a powerful end to 2024, attaining whole attributable gold manufacturing of 667 000 oz – up 43% from the earlier 12 months – because of the speedy ramp-up of its Côté gold mine, in Canada, and an “distinctive 12 months” at Essakane, in Burkina Faso.
The miner’s attributable gold manufacturing was line with its steering vary of 625 000 ozto 715 000 oz, which was revised upwards mid-year.
CEO Renaud Adams stated the ramp-up of Côté was “among the many quickest” for a large-scale openpit gold mine in Canada.
The mine contributed 124 000 ozto Iamgold’s manufacturing in 2024. The plant poured first gold on March 31, achieved business manufacturing on August 1, and accomplished a mill shutdown in September to deploy enhancements to stabilise the crushing circuit.
“Firstly of 2024, we set targets to realize preliminary manufacturing in March, business manufacturing within the third quarter, and exit the 12 months at 90% throughput. We had been capable of hit the primary two of those milestones, which had been monumental achievements, although we had been unable to realize the aim of sustained throughput at 90% at Côté in December as a consequence of ramp-up-related challenges which required downtime to implement options.
“We now have and proceed to see a number of days the place the plant operates above nameplate, so our focus continues to be on stability and working consistency.
“As we see steady enhancements at Côté, we’re assured within the functionality of the mine to doubtlessly double the gold manufacturing in 2025 as outlined in our steering,” stated Adams.
Essakane remained the jewel in Iamgold’s manufacturing crown, contributing 409 000 ozto the group’s general manufacturing within the 12 months. The mine benefitted from a powerful first-half efficiency.
Westwood, in Canada, delivered 134 000 ozwithin the 12 months, exceeding the top-end of the up to date steering vary of 115 000 ozto 130 000 oz.
Trying forward, Iamgold is positioned for a powerful 2025. The group is guiding consolidated output of 885 000 ozto 980 000 ozat an all-in sustaining price of $1 625/ozto $1 800/oz.
