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IAMGOLD Corp.
Summary
| Project: | Sadiola | |
|---|---|---|
| Deposit: | Sadiola | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 2/12/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-2-2018: IAMGOLD Corp. announces a Resource Estimation report for its Sadiola deposit at the Sadiola project. 2017 year-end mineral resource and ore reserve statement. Toronto, Ontario, February 12, 2018 – IAMGOLD Corporation (“IAMGOLD” or “the Company” | |
| Resources: | (Reserve, P+P):69.352Mt @ 1.9g/t Au for 4.140Moz Au contained at project | |
| CP/QP: | [Resources]: Lise Chenard (Independent) | |
| ABSTRACT: | Toronto, Ontario, February 12, 2018 – IAMGOLD Corporation (“IAMGOLD” or “the Company”) today announced its 2017 year-end mineral reserve and resource statement. (See attached table for more details.) Total attributable Proven and Probable gold Reserves increased by 86.0% to 14.5 million ounces at the end of 2017 from 7.8 million ounces of gold at the end of 2016. The addition of 6.7 million ounces was primarily due to conversion of Resources to Reserves at the Côté Gold Project in Ontario, Canada and at the Boto Gold Project in eastern Senegal, West Africa following positive results from the Pre-feasibility Studies, coupled with the previously announced Reserve increase at the Rosebel Gold Mine. These increases were partially offset by depletion during the year given the Company's attributable gold production of 882,000 ounces. There was no change in the $1,200 per ounce gold price assumption for estimating Mineral Reserves at the Company’s owned and operated mines. Total attributable Measured and Indicated gold Resources (inclusive of Reserves) increased overall by 6% or 1.4 million ounces to 24.7 million ounces of gold at the end of 2017. Additionally, total attributable Inferred gold Resources increased overall by 44% or 2.7 million ounces to 8.8 million ounces of gold at the end of 2017. | |
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