Strategic review of Rosebel under way – Iamgold

Mid-tier miner Iamgold has started a strategic review process to evaluate options for its Rosebel mine, which will require a material capital investment in 2022 and 2023 to address certain challenges that the mine has been experiencing over the last two years.

These challenges at Rosebel, in Suriname, have resulted in delays in stripping, strategic pit pushbacks, maintenance and the completion of required infrastructure at Saramacca, Iamgold said on Wednesday.

Given Iamgold’s “current capital allocation prioritisation, the company is commencing a strategic review process to evaluate options for Rosebel”, it said in a statement, announcing an updated strategic focus and asset portfolio optimisation.