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IAMGOLD Corp.
Summary
| Project: | Saramacca | |
|---|---|---|
| Deposit: | Saramacca | |
| Location: | Suriname | |
| Commodities: | Gold | |
| Date: | 2/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-2-2019: IAMGOLD Corp. announces a Resource Estimation report for its Saramacca deposit at the Saramacca project. Annual statement of mineral resources and ore reserves. Toronto, Ontario, February 19, 2019 – IAMGOLD Corporation (“IAMGOLD” or the “Compan | |
| Resources: | (Reserve, Prob.): 26.549Mt @ 1.8g/t Au for 1.542Moz Au contained | |
| CP/QP: | [Resources]: Lise Chenard (Internal) | |
| ABSTRACT: | Toronto, Ontario, February 19, 2019 – IAMGOLD Corporation (“IAMGOLD” or the “Company”) today announced its 2018 year-end mineral reserve and resource statement. (See attached table for more details.) Total attributable Proven and Probable gold Reserves increased 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 due to the previously announced conversion of Resources to Reserves at Saramacca in Suriname, Côté Gold in Ontario, and at Boto Gold in eastern Senegal, West Africa, coupled with the previously announced Reserve increase at the Essakane Gold Mine following the Pre-Feasibility Study. 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 and development projects. Total attributable Measured and Indicated gold Resources (inclusive of Reserves) 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. There were no changes in the gold price assumptions for estimating mineral resources at Essakane, Rosebel, and resource-stage projects ($1,500 per ounce of gold) or at Westwood ($1,200 per ounce of gold). | |
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