More upside on Cote production
The IAMGOLD Côté Gold Mine, located in Ontario, Canada, is designed with an initial processing capacity of 13 million tonnes per annum (Mtpa), or approximately 36,000 tonnes per day
Franco Nevada bought into Cote cash flow in early 2025. The upside they saw
Excellent Expansion Potential: The large Mineral Resource base provides excellent potential to expand the milling capacity. In the near term, we expect the mill to ramp-up to nameplate capacity of 13 Mtpa by year end, in concert with the installation of additional crushing capacity to debottleneck the secondary comminution circuit. Longer term, based on our due diligence, Franco-Nevada believes the Côté mill has the potential to be expanded up to 20 Mtpa, which would better align with the current mining capacity of 54 Mtpa and strip ratio of 2:1.
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