IAMGold (TSX: IMG, NYSE: IAG) updated its NI 43-101 compliant resource estimate for its Côté project in the Canadian province of Ontario. The new estimate includes an indicated 7.61 million ounces of gold and inferred 1.04 million ounces. The indicated resource is up 114 percent from the company's previous estimate. As well, IAMGold said that it produced 830,000 ounces of gold in 2012 and expects its 2013 output to rise to between 875,000 and 950,000 ounces.Centerra Gold (TSX:CG) said Thursday that it has purchased the remaining 30-percent interest in the Öksüt gold project, located in Central Turkey. The deal announced in December specified a payment of $20 million to stake owner Stratex International (LSE:STI), a London-based exploration company. Centerra's CEO, Ian Atkinson, said the company now plans to transition the project from exploration to development:
Aurizon Recommends No To $780-million Takeover Offer
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.