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IAMGOLD Corp T.IMG

Alternate Symbol(s):  IAG

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.


TSX:IMG - Post by User

Bullboard Posts
Comment by briton Jan 31, 2013 6:29pm
258 Views
Post# 20920640

RE: ok, call me stupid...- cash

RE: ok, call me stupid...- cash

Good comments cashtango.  On both counts!

 

I've had IMG on my radar for a couple of months now but from a TA standpoint, have not identified an entry point.  Because, in part the significant institutional holdings, it's still a waiting game as some lighten up.

 

I like the company, and its management.  The fundamentals are OK, although the cost/oz is getting up there.  They need to grow their reserves with high grade to help bring this figure down, and have a look at where there might be cost savings.  Time will tell.

 

Cheers,

 

Brit 

Bullboard Posts