IAMGOLD Expects 2026 Côté Gold Output at Lower End of Guidance
Bitget2026/10/21 20:49- IAMGOLD expects 2026 attributable Côté Gold production at the lower end of its 270,000–310,000-ounce guidance range.
- Third-quarter attributable production totaled 64,400 ounces on a 70% ownership basis, bringing year-to-date output to 184,000 ounces.
- Gold recovery fell to 90% from 93% in the previous quarter, reflecting downtime at one of the plant’s two Vertimills.
- September plant throughput averaged a record 37,100 metric tons daily, exceeding nameplate capacity of 36,000 metric tons.
- An updated mine plan due in the fourth quarter will target expanded reserves, longer mine life and processing of approximately 40,000 metric tons daily.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Saudi Arabia attacked, pushing oil prices above $110, gold falls below $4,050 entering a "capitulation phase"
Tensions in the Middle East have escalated, sending Brent crude soaring over 4% to break above $113 per barrel. This has reinforced expectations of persistently high inflation, prompting central banks around the world to tighten monetary policy. As interest rates climb, the relative appeal of gold diminishes. On Thursday, gold prices plunged 2.8%, dropping below $4,050 per ounce. Analysts point out that precious metals are experiencing capitulation-style selling, and volatility may continue until after the Federal Reserve meeting.
Japan Considers Stablecoin Tax Refunds for Foreign Tourists
GPS Completes Acquisition of 55% Stake in SEI Group
Crypto prices
More
