Iamgold to apply for Senegal mining concession

The outcome of the feasibility study for the Boto gold project is a significant improvement on the results outlined in the prefeasibility study and will be used to support an application for a mining concession before the end of the year, Canadian gold miner Iamgold reported on Monday.

The study outlines a “robust” project, which will produce 140 000 oz/y, on average, for nearly 13 years, at a life-of-mine cash cost of $714/oz and all-in sustaining costs of $753/oz.