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IAMGOLD Corp.
Summary
| Project: | Cote Gold | |
|---|---|---|
| Deposit: | Cote | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/26/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 26-1-2017: IAMGOLD Corp. announces a PEA report for its Cote deposit at the Cote Gold project. PEA results incl. post-tax NPV (6%) of US$543M, IRR of 12.9%, US$1031M initial CAPEX. IAMGOLD Corporation (IAMGOLD) and Amec Foster Wheeler Americas Limited (Am | |
| Resources: | (Resource): 289.183Mt @ 0.90g/t Au (Ind.) and 66.894Mt @ 0.55g/t Au (Inf.) | |
| CP/QP: | [Resources]: Raphael Dutaut (Internal) | |
| ABSTRACT: | IAMGOLD Corporation (IAMGOLD) and Amec Foster Wheeler Americas Limited (Amec Foster Wheeler) jointly completed a Preliminary Economic Assessment (PEA) on IAMGOLD’S Côté Gold Project (the Project), an advanced stage exploration project located approximately 125 km southwest of Timmins. IAMGOLD is using the PEA as a conceptual analysis of a selected development option to assess the economic viability of the Project and to identify additional work necessary to complete more advanced mining studies. This NI 43-101 Technical Report (the Report) was prepared as a summary of the PEA, and to support IAMGOLD’s disclosure of the results. The IAMGOLD properties that comprise the Côté Gold Project consist of a collection of properties assembled through staking and various option agreements. IAMGOLD owns 92.5% of the Project. Under the assumptions presented in this report, the Côté Gold Project demonstrates positive economics. After-tax NPV over the LOM is estimated to be US$543 M at a 6% discount rate, and after-tax IRR is 12.9%. The after-tax payback period of the initial capital investment is estimated at 5.2 years after the start of production. In the pre-tax and after-tax evaluations, the Project is most sensitive to changes in gold price, less sensitive to changes in operating and capital costs, and least sensitive to changes in the cost of electric power. | |
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