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Toronto contractor to manage Côté Gold mine

IAMGOLD names Wood to oversee engineering, procurement and construction services for Gogama open-pit
IAMGOLD Cote aerial
IAMGOLD's Côté Gold Project

Wood PLC, a Toronto engineering and consulting company, will be handling management services for IAMGOLD's Côté Gold open-pit gold mine near Gogama.

The global contractor announced earlier this month that it had received full notice to proceed in delivering the engineering, procurement and construction management services for the US$1.3 billion mine, now under construction.

The mine completion date is mid-2023.

Côté Gold is expected to generate more than 1,000 jobs during construction and 450 during operations.

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When operational, the mine is expected to produce a yearly average of 367,000 ounces of gold over an 18-year mine life.

The deposit contains an estimated gold reserve of more than 7 million ounces.

In a news release, Wood said it has been working with IAMGOLD in every aspect of the Côté Gold project for eight years, including handling all the engineering, procurement and construction management for the gold processing plant, tailings and water management infrastructure. 

"Beginning with work on the initial scoping study in 2011, we have worked closely with IAMGOLD to guide the project toward successful execution, helping to identify more than $450 million of improvements in net present value," said Dave Lawson, Wood's president of mining and minerals in a statement.

"We are pleased to move to construction on the Côté Gold Project with our long-time engineering partner Wood," said Gordon Stothart, IAMGOLD's president-CEO. "We look forward to bringing this project from concept to reality with their team.”