Iamgold makes headway in West Africa

It’s been a big year in West Africa for Iamgold (TSX: IMG; NYSE: AIG). The company kicked off 2018 with high grade assay results from its Siribaya gold project in Mali and completed a prefeasibility study on its Boto gold project in Senegal in February. In March, Iamgold cut the ribbon on the world’s largest hybrid solar-thermal power plant at its Essakane gold mine in Burkina Faso, and in June wrapped up a prefeasibility study on heap leaching, which demonstrated Essakane’s mine life could be extended from 2023 to 2026. In support of the heap leach prefeasibility study, infill drilling to upgrade lower grade inferred resources intersected higher grades than anticipated in several areas, and the results suggest the possibility of outlining additional zones of higher grade mineralization for processing at the mine’s carbon-in-leach plant. Steve Letwin, Iamgold’s president and CEO, applauded the Essakane team in June. “Not only have they introduced a new processing method that allows for economic incremental production, their success at the drill bit has delivered a resource increase far greater than what we expected,” … Continue reading at The Northern Miner.