Côté Gold produced 64,400 ounces attributable to Iamgold’s 70% ownership stake in the third quarter of 2026, equivalent to 92,000 ounces for the whole mine. Iamgold expects higher fourth-quarter production as ore grades and processing rates improve.
Key Takeaways
- Iamgold’s attributable Côté Gold production reached 184,000 ounces over the first nine months of 2026.
- Quarterly material movement set a record, while September milling throughput exceeded design capacity.
- An updated mine plan and Mineral Reserve estimate are due later in the fourth quarter.
Table of Contents
- Côté Gold mining and milling reach operational milestones
- Fourth-quarter production increase remains an expectation
- Iamgold’s trailing earnings multiple
Côté Gold mining and milling reach operational milestones
The Ontario mine moved a quarterly record of 12.4 million tonnes of material. That performance included a single-day record of 225,000 tonnes on August 10.
Milling throughput totaled 2.9 million tonnes despite an annual shutdown and a transition to owner-operated crushing. In September, throughput reached 37,100 tonnes per day, exceeding the mine’s design capacity.
Côté Gold is a joint venture with Sumitomo Metal Mining. It is part of Iamgold’s portfolio alongside operations in Burkina Faso and Quebec.
Fourth-quarter production increase remains an expectation
Iamgold’s outlook calls for higher output in the fourth quarter, supported by better ore grades and processing rates.
The updated mine plan and Mineral Reserve estimate are expected later in the fourth quarter.
Iamgold’s trailing earnings multiple
Iamgold’s trailing price-to-earnings ratio was 9.02 times, below its five-year median of 11.12 times.
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