https://www.miningweekly.com
Gold|Resources
Gold|Resources
gold|resources

Iamgold adds 3.4Moz to mineral reserves

20th February 2019

By: Creamer Media Reporter

     

Font size: - +

Canada-headquartered gold miner Iamgold has increased its attributable proven and probable gold reserves by 23% to 17.9-million ounces at the end of 2018, from 14.5 million ounces of gold at the end of 2017.

The addition of 3.4-million ounces was primarily owing to the conversion of resources to reserves at Saramacca, in Suriname, Côté gold in Ontario, and at Boto gold in eastern Senegal, coupled with the previously announced reserve increase at the Essakane, following the prefeasibility Study.

These increases were partially offset by depletion during the year given the company's attributable gold production of 882 000 oz.

Total attributable measured and indicated gold resources increased overall by 13%, or 3.1-million ounces, to 27.9-million ounces of gold at the end of 2018. Total attributable inferred gold resources remained at a similar level to the prior year at 8.7-million ounces at the end of 2018.

"In 2018, we continued our work to increase reserve ounces at the Company, adding another 3.4 million ounces on top of the 6.7-million ounces we added in 2017, on an attributable basis. Over the last two years, we have increased our attributable reserves by 129%, net of mine depletion,” commented president and CEO Steve Letwin.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Latest News

Resources Watch
Resources Watch
17th April 2024

Showroom

SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.135 0.17s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: