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IAMGOLD Corp T.IMG

Alternate Symbol(s):  IAG

IAMGOLD Corporation is a Canada-based intermediate gold producer and developer. Its principal activities are the exploration, development, and operation of gold mining properties in North America and West Africa. Its projects include Essakane, Westwood and Cote Gold. The Essakane project is in north-eastern Burkina Faso, West Africa. It straddles the boundary of the Oudalan and Seno provinces in the Sahel region of Burkina Faso and is approximately 330 kilometers (km) northeast of the capital, Ouagadougou. The Westwood Project is located on the Doyon property, 2.5 km east of the former Doyon Gold Mine in Bousquet Township. The Cote Gold Project is in the Chester and Yeo Townships, District of Sudbury, in northeastern Ontario. It owns a 100% interest in the Nelligan Gold Project, located 60Km southwest of Chibougamau. It holds claims of Nelligan, as well as other earlier stage exploration properties in Northern Quebec. It also owns Rich Lake and Lac a l’Eau Jaune (gold) properties.


TSX:IMG - Post by User

Post by Luke555on Jul 03, 2021 4:10pm
402 Views
Post# 33489909

1Billion Dollar Question

1Billion Dollar QuestionAs someone who has spent his entire working career in the mining industry, and as a long term shareholder, I’ve been following the performance of the President and CEO and BOD for many years. In my humble opinion, it’s imperative that you all understand that the President and CEO and BOD are at the end of their mining careers. They are not interested in lowering costs or acquiring another mining company to increase the ore production.  This decision would require too much time and effort on their part and they are not equipped to handle such a task of this magnitude. The bottom line shareholders are that they are satisfied to remain neutral and maintain the status quo. The over 1Billion dollars sitting idle in the bank vault is their security blanket.  At this stage of their careers, why would they risk jeopardizing their accumulated wealth? This was their financial strategy all along and they became big time winners on the back of the shareholders of course.  In the near term, I wouldn’t be surprise to see some retirement announcements for a variety of reasons. Time is now against them and they better enjoy the sail into the sunset while they can.  

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