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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

Post by TuTomekon Jul 21, 2021 3:09pm
215 Views
Post# 33582439

posted on Yahoo Finance

posted on Yahoo FinanceCote gold project has an NPV of $2billion assuming gold price of $1700. This means that company’s ownership of 65% is worth $1.3billion. Company’s enterprise value now is of $0.87billion. So, everything that is currently generating operating cashflow or $440mm per year is for free !!! That’s right…..al the mines that are working now are for free!! Now you understand why I own nearly 200k shares, and why I feel that insanity will end as market realizes there is literally free money embedded in this stock! People are scared of quarterly earnings report and throwing this away…….in 2023 when average person realizes that cashflow is about to explode with Cote mine coming on line the stock will breach $6/share. Owning this stock is way better than owning gold since gold will not double in 2 years, but IAG will !!!
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