Iamgold has initiated a feasibility study at its Boto gold project in Senegal, West Africa, based on the results of a prefeasibility study (PFS) that outlines an economically viable project. The Boto PFS was based on indicated resources of 1.9 million ounces (oz) at a grade of 1.6 grams per metric ton (g/mt) gold, with proven and probable reserves of 1.4 million oz grading 1.64 g/mt gold. Mine life is projected at 13.5 years, with mill throughput of 2 million mt/y. Life-of-mine (LOM) production would average 95,000 oz/y, with higher production in the early years of operation.

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