IAMGOLD Increases Côté Gold Resource Ahead of Expansion Study

IAMGOLD Corporation announced a significant increase in measured and indicated (M&I) resources at its Côté Gold project. The company achieved this resource growth ahead of an ongoing expansion feasibility study. The updated resource estimates strengthen the project's long-term potential. According to the update, M&I resources at the Côté Gold mine have risen markedly compared to previous estimates. This increase resulted from a reassessment of data from drilling programs at the site and improvements to geological models. The company stated that this resource growth aligns with its goals of extending the mine's life and increasing production capacity. IAMGOLD plans to further enhance Côté Gold's production profile and economic returns following the completion of the expansion study. Company officials indicated that the expanded resource base increases the project's value and will provide long-term benefits for shareholders. The results of the expansion study are expected to be released in the coming months. This is not investment advice.