IAMGOLD Corp T.IMG

Alternate Symbol(s): IAG

Metals & Mining Gold

IAMGOLD Corporation is a Canada-based intermediate gold producer and developer. The Company’s principal activities are the exploration, development and operation of gold mining properties in North America and West Africa. Its projects include Côté Gold, Essakane, and Westwood. The Côté Gold Mine is a large-scale, generational open pit operation located between Sudbury and Timmins in central Ontario. The Essakane project is West Africa’s 6th largest gold mine located in Burkina Faso (West Africa) approximately 330 kilometers northeast of the capital, Ouagadougou. The Westwood Complex includes the high-grade underground mine and satellite open pits located near Rouyn-Noranda in Quebec. The Company also owns a 100% interest in the Nelligan Gold Project, located 60Km southwest of Chibougamau, Quebec, Canada.

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IAMGOLD Corp

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Post by goldishon Jan 13, 2009 2:41pm

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Post# 15701671

Gold Oversold Range

As well, gold equities remain inexpensive relative to the gold price itself. We estimate that gold equities are currently pricing in a gold price of approximately US$675/oz, or 21% below the current spot gold price of US$858/oz. On an historical basis, the ratio of the TSX gold equities (in US$ terms) relative to the US dollar remains firmly in the oversold range having plunged to historic lows in late October. We believe that the historic lows were reached during the great deleveraging process that peaked during September and October as investors sold anything and everything, including gold equities as they de-risked their portfolios.

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