Gold production climbed to 67,797 ounces in the quarter ended Sept. 30 from 62,432 ounces a year earlier.

The western tip of the continent is seen as a new frontier as gold miners face a dearth of new discoveries globally.

The Toronto-based miner confirmed the targets identified by a high-tech system put in place at its Segovia operation.

The evidence is quite strong that the correction in Gold and gold stocks has more to go in terms of price and probably time.

Highlights include 312.81 g/t gold and 95 g/t silver (314.07 g/t gold equivalent) over 2.2 metres.

Iamgold can increase its interest in the Nelligan gold project by a further 24% by spending C$2.78 million in cash and producing a 43-101 technical report before March 2022.

The plant will reduce the mines’ fuel consumption by 6.4 million liters and CO2 emissions by 18,000 tonnes per year.