Iamgold and Sumitomo’s Cote joint venture gold project in northern Ontario. Image from Iamgold.
Iamgold (TSX: IMG; NYSE: IAG) recently updated construction progress and costs at its Côté gold project near Gogama, Ontario. The project is 65% owned and operated by Iamgold. Sumitomo Metal Mining holds the remainder.
The Côté project is on schedule and was 27% complete at the end of June. Contractors are widening the road to the site and removing overburden. The concrete batch plant at the mine site is operational, and the foundations for the ball mill circuit have been poured. Half of the planned rooms at the permanent camp are completed.
