Mining Growth Plans
Mining Firms Detail Growth Plans and Disciplined Spending at Americas Forum
Anonymous
At Mining Forum Americas 2026, gold and copper companies described growth plans centered largely on existing assets, operational improvements and exploration, while emphasizing disciplined spending and execution. IAMGOLD said inflation is pressuring costs but it has no major new builds planned over the next three years, instead prioritizing mine-life extensions, efficiency, solar power and resource growth; it also plans to use Essakane cash flow for share buybacks. Harmony reported record gold and copper output and expanding margins, citing investments in projects including Eva Copper and CSA as foundations for future growth. Greatland highlighted strong first-year production, a debt-free cash balance and resource growth at Telfer, while preparing to develop Havieron and acknowledging delivery and development risks. Wesdome plans to increase output by filling spare capacity at its Eagle River and Kiena mines and investing in exploration, with its growth ambitions dependent on converting targets into production and cash flow.
Key Points
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IAMGOLD said it is targeting an extension of Essakane’s mine life to 2034–2035 and is studying the mine’s underground potential.
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At Westwood, IAMGOLD plans to shift to 100% underground mining by 2030, with the potential to raise annual production to 200,000 ounces.
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Greatland said Havieron is fully permitted and mobilizing, and is expected to produce about 270,000 ounces of gold and 10,000 tonnes of copper annually.
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Wesdome plans to spend CAD 55 million on exploration in 2026, including part of a three- to five-year program involving about 270 kilometres of drilling.
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Wesdome said its mills are operating below permitted capacity—about 70% at Eagle River and 40% at Kiena—leaving room to increase throughput before pursuing further expansion.
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