Subscribe for the latest news, presentations and investor materials from Metalla Royalty & Streaming.
Canada
Côté is one of Canada’s largest gold mines, with the 2022 technical report outlining average annual production of 495,000 ounces over the first six years following commercial production and average life-of-mine AISC of US$854 per ounce. Commercial production was declared in August 2024, and IAMGOLD completed the ramp-up ahead of schedule, achieving nameplate plant throughput of 36,000 tpd in June 2025. In its first full year of operations, Côté produced 399.8 koz of gold, and IAMGOLD has guided 2026 production of 390 koz to 440 koz of gold on a 100% basis.
Together, the Côté and Gosselin deposits host Proven and Probable Mineral Reserves of 7.04 Moz, Measured and Indicated Mineral Resources of 20.34 Moz, and Inferred Mineral Resources of 3.48 Moz, making the complex one of the largest gold resources in Canada. The updated Mineral Resource estimate, effective March 31, 2026, integrates the Côté and Gosselin zones, including the connecting Saddle Area, into a single consolidated geological and resource framework.
IAMGOLD is advancing the next phase of technical work at Côté and Gosselin, with an updated technical report expected in Q4 2026. The technical report is expected to outline a larger-scale mine plan incorporating both the Côté and Gosselin zones, evaluate an integrated Côté-Gosselin pit configuration, and consider a potential plant expansion from 36,000 tpd to 50,000 to 55,000 tpd. In 2026, IAMGOLD also plans 10,000 metres of exploration drilling to test the north and northeast areas of the Gosselin zone, with approximately 4,400 metres completed in the first quarter.
Metalla’s royalty covers a portion of the northern and northeastern areas of the Côté pit and the entirety of the Gosselin deposit.
For Royalty GEOs calculation, Metalla estimates ~7% of Côté and 100% of Gosselin’s Mineral Resources and Mineral Reserves are subject to our royalty interest at a rate of 1.5%. The Saddle Area is not reflected in the estimates.
Subscribe for the latest news, presentations and investor materials from Metalla Royalty & Streaming.