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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

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Post by llihevad1on Apr 17, 2021 6:48am
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Post# 33016591

Gold Demand from China to go up

Gold Demand from China to go upGold and Silver are extending their run and have received an adrenaline shot on a Reuters report (confirmed by other sources) that China will now allow domestic international banks to import large amounts of Gold. China is the world's number one consumer of Gold, but the PBOC only allows just enough to meet the demand to be imported. Amid a steadfast recovery, demand is surging, and China is raising its quota to the most significant level since 2019. These are the much-needed tailwinds the metals markets were needing.
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