Iamgold (TSX: IMG; NYSE: IAG) has announced that it plans to begin production at its Saramacca open-pit gold deposit in the second half of 2019. The mine is located 18 km from the company’s Rosebel mine in Suriname.
Ore is expected to arrive at the Rosebel mill later in the year. The project’s Environmental and Social Impact Study was approved in January, allowing for infrastructure construction to start, including the creation of a haul road between the two deposits.
The company is undertaking a scoping study to evaluate Saramacca’s underground mining potential after saprolite mining reaches hard rock. An underground component to the mine could result in higher grades and reduced waste stripping costs, Iamgold says. Drilling to support the scoping study began in the first quarter of the year.
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