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IAMGOLD outlines up to 4-year ramp-up for Westwood gold mine in Quebec

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IAMGOLD outlines up to 4-year ramp-up for Westwood gold mine in Quebec

IAMGOLD Corp. expects production from its Westwood gold mine in Quebec of 100,000 to 125,000 ounces per annum during its three to four year ramp-up period, based on preliminary sequencing.

All-in sustaining costs are expected to range from US$1,125 per ounce sold to US$1,225/oz, according to a Dec. 12 news release.

Annual steady-state output following ramp-up at Westwood is targeted at between 130,000 and 145,000 ounces at all-in sustaining costs of between US$1,000/oz and US$1,100/oz.

The mine life is expected to go beyond 2030, with potential to extend further.

The company will update the mineral reserves and resources and the National Instrument 43-101 life-of-mine plan for Westwood in the second quarter of 2020.