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IAMGOLD shelves Côté construction

Mid-tier gold miner IAMGOLD (TSX:IMG) gained Monday after it decided to shelve the construction of its Côté gold project in Ontario.

IAMGOLD shelves Côté construction IAMGOLD shelves Côté construction IAMGOLD shelves Côté construction IAMGOLD shelves Côté construction IAMGOLD shelves Côté construction

IAMGOLD will wait until a better time to build Côté

IAMGOLD CEO Steve Letwin said the company would rather wait for "improved, and sustainable, market conditions" before it builds the mine and instead focus on its existing operations and