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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 calyyc01on May 05, 2020 12:32am
197 Views
Post# 30986456

RE:RE:RE:News out

RE:RE:RE:News out We are in a pandemic which is expected to continue 2 years.  My work place is being adjusted accordinly and it is expensive to do those adjustments. So yes it is crucial that the company has healthy balance sheet, ie sitting on 850 million.  No company is on spending spree. why do you expect thtem to be? Under Covid 19 impact, expension has to be cautious.  Gold companies have the cycalical cycle just beginning for them.  IMG has the money to take advantage of this and I am hoping they will! I made my investment based on that. Cash is the KIng! 
 
Bullboard Posts