First Saramacca ore delivered to Rosebel
The first ore from the Saramacca openpit has been delivered to the Rosebel gold mill, in Suriname, using an alternate road while construction of the haul road continued.
The new Saramacca openpit, located about 25 km from the Rosebel mill, would contribute nominal production in the fourth quarter, TSX-listed Iamgold said on Thursday.
“We have delivered on our promise of first ore from Saramacca at Rosebel in the fourth quarter of 2019, having declared reserves just over a year ago. We look forward to progressing the ramp-up of Saramacca to full production,” said Iamgold president and CEO Steve Letwin.
The Saramacca deposit increased the consolidated reserves of Rosebel by one-million ounces to 4.7-million ounces. The deposit has a measured and indicated resource of 1.2-million ounces, for a total Rosebel measured and indicated resource of 9.3-million ounces.
Saramacca will operate for 14.5 years, during which time it will produce 1.3-million ounces, or an average of 98 000 oz/y. When Saramacca is in full production between 2020 and 2032, Rosebel will produce an average of 295 000 oz/y.
Iamgold in August lowered its guidance for Rosebel, following an illegal miner incident that resulted in the closure of the pits. Operations resumed in the northern pits about a week after the suspension and in the southern pits more than a month later.
The group’s guidance for 2019 is to produce between 765 000 oz and 810 000 oz.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















