IAMGOLD Operating Mines
IAMGOLD (NYSE: IAG) has four operating gold mines, including our joint ventures in Mali. Together they are expected to produce between 845,000 and 885,000 ounces of gold in 2017. Our selectiveness in where we operate allows management to spend meaningful time at our sites – engaging with employees, the communities and our host governments. Our approach to doing business, whether in our own backyard or in foreign jurisdictions, is to establish productive relationships with all levels of government. Strong partnerships are conducive to finding the common ground necessary to arrive at mutually beneficial agreements. We do this well, which impacts positively on our risk profile and is reflected in the outcomes of our negotiations and our long history of operating in these countries.
IAMGOLD has built a foundation for changing the game by strengthening our balance sheet, optimizing the performance of our operations, selling our non-gold properties and advancing a robust pipeline of exploration and development projects.
For example, pending support from a higher gold price environment, the Côté Gold Project promises to be a large low-grade bulk tonnage mine in an excellent mining jurisdictional with excellent infrastructure.
Exploration success founded IAMGOLD and it remains a cornerstone of its continued growth. Our main areas of interest are West Africa and select countries in the Americas where we carry out both greenfield and near-mine (“brownfield”) exploration.
At a time when exploration budgets have been reduced across the industry year over year, our exploration team has been managing one of our strongest project portfolios yet and has made three greenfield discoveries in the last three years. This success is the result of strategic prioritization of projects and execution of fundamentally sound exploration programs with clear objectives. We are very selective about where we spend our exploration dollars, and focus only on projects with a target threshold potential of at least 1 million ounces of mineral resources capable of reaching 100,000 ounces in annual production. Currently, we have a number of promising projects underway including several at the resource delineation stage.