IAMGOLD Corp IAG

Looking forward to IMG/IAG 1st QT report 2024

[Luke555]

Dear Shareholders, I’d like to share some of my thoughts including a few assumptions about the direction of IAMGOLD and its share price. Let’s talk about IAMGOLD becoming a leading Canadian-focused gold producer. The company will be the next large-scale, long life gold mine which will be a model for modern mining in Canada. With Ct Gold now online, IAMGOLD boasts three operating mines, including Essakane in Burkina Faso and Westwood in Quebec, Canada.
 
I’ve prepared a bird’s eye view of what to expect in the 1^st QT 2024 report. In my opinion, I believe that the share price is now position to commence its move towards the CDN $6.00 range. My premise is based on the following information and data:
1.On Thursday, May 9, 2024, the company will release a strong first quarter 2024 operating performance and financial results. This report is important because I believe that it will lay out the groundwork for what is going to happen over the balance of 2024.

2. Company will report positive earnings and cash flow results, which could impact the stock price. IAMGOLD has generated $0.19 earnings per share over the last year ($0.19 diluted earnings per share) and currently has a price-to-earnings ratio of 19.1. Earnings for IAMGOLD are expected to grow by 128.57% in the coming year, from $0.14 to $0.32 per share.

3. Ramp-Up to Commercial Production: The focus now shifts to ramping up the operation to achieve commercial production in the third quarter of this year. The goal is to exit 2024 with a 90% throughput rate.

4. Resource Estimates:  Awaiting winter drilling results from the 100% interest in the Nelligan Gold Project and also from other ongoing exploration drilling programs at Gosselin and Essakane.  Once this information is made available, the company will be able to up-date the total estimated Measured and Indicated Mineral Resources along with the Inferred resources. This information will serve to increase the company’s gold reserves and extend mining life. 

5. The overall gold market strength benefits all gold mining companies,      including IAMGOLD. What an ideal time for Cote Gold to commence its gold production. I’ve read that Chinese speculators are behind the fuelling of gold’s spectacular rise to new all-time highs. And you can bet that these investors will continue to push the gold price higher. Buckle-up  IAMGOLD shareholders, interesting times ahead. 

 6. Analysts that monitor the IMG stock have a consensus rating of “Hold”.
     Some analysts have projected a higher share price for IAMGOLD in the  $6.00 range. 

7. Mine Life and Growth Opportunities: Ct Gold is expected to be one of the largest operating gold mines in Canada, with an estimated mine life exceeding 18 years. Additionally, the project’s potential extends beyond its initial phase, positioning it as a cornerstone for future mining developments in the region.

Moreover, the company acknowledges the Cote Gold mine is poised to become the flagship asset with its extended lifespan, cost-effectiveness, and strategic shift in production base to Ontario, one of the best mining jurisdictions in the world.

8. Production guidance from Ct this year, on a 100% basis, is unchanged at 220,000 to 290,000 ounces of gold, assuming the remaining milestones are achieved. Overall, the successful first gold pour at Ct Gold marks a significant achievement for IAMGOLD, Sumitomo, and the gold mining industry as a whole. 

9. Elephant in the Room --- Shareholders, don’t be surprised if you should wake-up one morning and discover that a major mining company in dire need to replenish its depleting ore reserves has made a bid to buyout IAMGOLD!! In my opinion, this transaction would increase the share price and immediately benefit the IMG/IAG shareholders.
                
10. The company’s position as a Canadian-focused gold producer is gaining attention in mining journals. Publicity is always a good thing in the global gold market.

In summary, IAMGOLD’s upcoming earnings report, exploration results, and overall market trends will play a significant role in determining its stock price. As always, investors should carefully consider their own research and risk tolerance before making investment decisions.

Remember, investing is a journey, and your patience and foresight are commendable and will be handsomely rewarded.
 
Cheers to all IAMGOLD shareholders and to exciting times ahead for all gold mining investors!