IAMGOLD updates Sudbury audience on ‘massive’ Côté Gold mine project
A new gold mining project in northern Ontario is about ready to start production.
Renaud Adams calls Côté Gold “a mega enterprise that is actually just starting.”
Adams, the president and CEO of IAMGOLD spoke at a Greater Sudbury Chamber of Commerce luncheon Tuesday, where Adams provided an update on the mining project near Gogama.
He expects production to begin in March.
“From there, we’re going to ramp up to the commercial productions. They’re still defined as 30 consecutive days of reaching about 60 percent of the capacity,” Adams said.
“As we exit the year, our objective is to be at 90 per cent plus, so when we enter into 2025, it’s just fine-tuning to hit the full capacity of the infrastructure.”
During his speech to more than 200 people at the luncheon, Adams said the company has started using autonomous trucks for hauling.
Once fully operational, the mine will employ more than 600 people.
Renaud Adams, the president and CEO of IAMGOLD spoke at a Greater Sudbury Chamber of Commerce luncheon Tuesday, where he provided an update on the mining project near Gogama. (Angela Gemmill/CTV News)
“First and foremost [Côté Gold] creates jobs,” said Geoffrey Hatton, chair of the Greater Sudbury Chamber of Commerce.
“That’s great for our community, it’s great for everyone. Then of course it creates a lot of demand for the mining supply companies that are quite vast throughout Sudbury.”
Côté Gold GM Bryan Wilson mentioned a new deposit found nearby that has growth potential, called the Gosselin Zone. The discovery bumps Côté Gold’s expected mine life from 18 to at least 30 years.
“We’ve got teams of people working on the next phase for the mill expansion,” Wilson said.
“We’ve got about 600 square kilometres of land base in that area so it’s really quite unique. It gives us a lot of the ability to expand.”
“This is a massive organization, a massive mine in the District of Sudbury,” Adams said.
- Download our app to get local alerts on your device
- Get the latest local updates right to your inbox
“Yes, it’s going to be good for us, for our shareholders, for our stakeholders — but what it means for the region for the next 20 years plus, will also have a significant contribution in the region.”
Once fully operational Côté Gold will be the third-largest gold mine in Canada, but the discovery of the new deposit site nearby could change that status – making it the largest in Canada.
CTVNews.ca Top Stories
![](https://www.ctvnews.ca/polopoly_fs/1.6973608.1721691615!/httpImage/image.png_gen/derivatives/landscape_800/image.png)
2nd woman found dead in English Bay: Vancouver police
For the second time in as many days, a woman's body was found near Vancouver's shoreline Monday.
2 Albertans accused of threatening to kill Trudeau, Freeland, Singh
Men from Edmonton and Calgary are accused of threatening to kill some of Canada's top government leaders.
Athletes show off stylish and expensive team clothing for the 2024 Olympic Games
Canadian athletes attempting to reach the podium at the Paris 2024 Olympic Games will also be looking fashionable for the entire world to see.
Harris has support of enough Democratic delegates to become party's presidential nominee: AP survey
Vice-President Kamala Harris has secured the support of enough Democratic delegates to become her party's nominee against Republican Donald Trump, according to an Associated Press survey taken in the aftermath of President Joe Biden's decision to drop his bid for re-election.
Four suicides in New Zealand linked to Ontario's Kenneth Law
New Zealand's coroner has ruled that four of its citizens died after ordering products from an Ontario man who is facing murder charges for selling poisonous substances.
Toronto woman charged with voyeurism after taking 'intimate' photos during massage: police
A Toronto woman who allegedly took 'intimate' photos of an individual who was getting a massage has been charged with voyeurism, police say.
IN PICTURES Here's what Calgary's new event centre 'Scotia Place' will look like
The name of Calgary’s new event centre was unveiled on Monday. The arena will be called Scotia Place.
Harris steps into the limelight. And the coconut trees and memes have followed
If you're trying to get up to speed on Vice President Kamala Harris' swift emergence as Democrats' possible nominee this fall, you really need to know your memes.
These are the four leading vice-presidential picks for Kamala Harris' campaign
No one knows the importance of selecting the right running mate better than Vice President Kamala Harris.