Construction starts on new $1.3B Côté Gold project in Northern Ontario
Shovels are in the ground on a major new mining project outside of Gogoma in Northern Ontario.
Officials from mining firm Iamgold Corp. hosted Prime Minister Justin Trudeau and Ontario Premier Doug Ford, among others, last week to inaugurate the $1.3 billion site.
The Côté Gold Project, located about 200 kilometres northwest of Sudbury, has spent years under review. Toronto-based Iamgold and its joint venture partner Sumitomo Metal Mining Co. elected to proceed with construction on project this June.
Construction of the open pit mine is expected to create approximately 1,000 jobs over the next three years. Once open, about 450 full-time workers will be employed at the mine over its expected 18-year life span.
Scotland-headquartered Wood plc is taking on the EPCM (engineering, procurement and construction management) role for the project, Iamgold said.
Early work at the site is already underway, with major earthworks expected next year. The facility is scheduled to open in late 2023.