IAMGOLD: Ramping Up Production at Canada's Third-Largest Gold Mine

Renaud Adams, CEO of IAMGOLD, discusses the company's unique opportunity with the Coté Gold asset in Canada. They are currently in the ramp-up phase to commercial production and expect to reach full capacity of 35,000 tons per day by end of 2024, producing close to 500,000 ounces of gold per year. Adams believes that Cote Gold has the potential to be a sub-$1,000 cost producer. The company also has mines in Burkina Faso and Westwood, which contribute to their overall production and cash flow. They plan to focus on organic growth and debt repayment, with the possibility of dividends and share buybacks in the future.

Company overview:

IAMGOLD Corp. ► https://www.iamgold.com
ISIN: CA4509131088 , WKN: 899657 , FRA: IAL.F , TSX: IMG.TO
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