Sadiola Gold Mine

ALLIED GOLD ANNOUNCES THE CLOSING OF ITS ACQUISITION OF THE DIBA PROJECT, AIMED AT IMPROVING NEAR-TERM CASH FLOW BY PROVIDING HIGHER-GRADE AND LOWER-COST OXIDE ORE FEED TO THE SADIOLA GOLD MINE

Retrieved on: 
Thursday, November 9, 2023
EBITDA, BVI, Acquisition, Senior, Engineering, Elemental, Mineral Resources Limited, Gold, Project, Canadian Securities Administrators, Mineral resource estimation, Diba, Mining, NSR, CIP, Sadiola Gold Mine, Resource, TSX, News, Uranium mining, Palladium, Sadiola, Oxide

The Company is actively implementing its strategic plan to maximize oxide ore content at its flagship Sadiola Gold Mine ("Sadiola") as it pursues a two-phased expansion plan.

Key Points: 
  • The Company is actively implementing its strategic plan to maximize oxide ore content at its flagship Sadiola Gold Mine ("Sadiola") as it pursues a two-phased expansion plan.
  • In the initial Phase 1 expansion, modifications to the existing plant are underway to accommodate a growing percentage of fresh rock.
  • Allied's strategic approach revolves around maximizing oxide ore content to enhance production during the Phase 1 expansion.
  • This effort aims to reduce costs, thereby maximizing margins, EBITDA, and cash flows, starting as early as 2024.

IAMGOLD Announces Dates for Its First Quarter 2021 Results

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Thursday, April 1, 2021
Iamgold, New York Stock Exchange, AngloGold Ashanti, Kayes Region, Companies, Sadiola Gold Mine

Toronto, Ontario--(Newsfile Corp. - April 1, 2021) - IAMGOLD Corporation(TSX: IMG) (NYSE: IAG) ("IAMGOLD" or the "Company") will release its first quarter 2021 financial results after market hours on Monday, May 3rd, 2021.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - April 1, 2021) - IAMGOLD Corporation(TSX: IMG) (NYSE: IAG) ("IAMGOLD" or the "Company") will release its first quarter 2021 financial results after market hours on Monday, May 3rd, 2021.
  • A conference call will be held on Tuesday, May 4th, 2021, at 8:30 a.m. (Eastern Time) for a discussion with management regarding the Company's operating performance and financial results for the first quarter 2021.
  • A webcast of the conference call will be available through the Company's website at www.iamgold.com .
  • IAMGOLD aims to become a million-ounce gold producer as it executes on its growth strategy, including bringing Ct Gold, its fourth mine, online.

IAMGOLD Completes Sale of Its Interest in the Sadiola Gold Mine

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Wednesday, December 30, 2020
AngloGold Ashanti, Kayes Region, Geography of Africa, Iamgold, Countries, Sadiola Gold Mine, Africa, Sadiola, Mali, Canada–Mali relations, Yatela Mine

All amounts are in US dollars, unless otherwise indicated.

Key Points: 
  • SEMOS' principal asset is the Sadiola Gold Mine, located in the Kayes region of Western Mali.
  • Pursuant to the Transaction and immediately prior to Completion, the Republic of Mali acquired a further 2% interest in SEMOS (1% each from IAMGOLD and AGA) (the "Republic Transaction").
  • Consequently, upon Completion, IAMGOLD and AGA each sold a 40% interest in SEMOS to Allied Gold.
  • Upon Completion, IAMGOLD and AGA received $50 million ($25 million each to IAMGOLD and AGA) from Allied Gold and the Republic of Mali.