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

Showroom

ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

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:0.054 0.101s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: