Canada · Industrial projects
Côté Gold mined more ore in the third quarter. Why ounces fell from Q2
At Ontario’s Côté Gold mine, ore mined rose from 3.07 million tonnes in the second quarter of 2026 to 3.80 million in the third. Ore milled barely changed, while a lower feed grade and recovery accompanied a decline in gold output.
Sources checked
Ore mined
Shared scale · 0 kt to 3,797 kt
Ore milled
Shared scale · 0 kt to 3,797 kt
Mining and milling are separate operating stages. The comparison uses the same thousand-tonne scale.
The pit and plant moved at different rates
The mine produced 725,000 more tonnes of ore in the third quarter than in the second. The plant milled just 6,000 tonnes more. Ore extracted and ore processed can differ in any reporting period. Material movement in the pit also includes waste, which IAMGOLD reports separately from ore. Source 1 Source 2
Feed grade and recovery explain the production comparison
In the third quarter the plant averaged 1.10 grams per tonne and 90% recovery, down from 1.12 and 93% in the second quarter. IAMGOLD reported downtime on one of the plant’s two vertical grinding mills early in the third quarter. Full-mine output went from 96,200 to 92,000 ounces despite the small increase in milled tonnes. Source 1 Source 2
The September daily rate tells a narrower story
IAMGOLD reported an average of 37,100 tonnes milled per day in September, above its 36,000-tonne daily design rate. The quarter also included an extended August shutdown and was the first full quarter without external contractor crushing. The strong September rate can coexist with an almost flat quarter compared with Q2. Source 2 Source 1
Ownership changes the ounces a company reports
The operation produced 262,900 ounces in the nine months through September on a full-mine basis. IAMGOLD reported 184,000 attributable ounces for its 70% interest, including 64,400 ounces in Q3. Whole-mine operating rates and attributable ounces answer different questions about performance and exposure. Source 2 Source 1