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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

Comment by frances1on Oct 10, 2021 8:27am
147 Views
Post# 33993051

RE:NEW FRONTIER - IMG BOD TEAM

RE:NEW FRONTIER - IMG BOD TEAMI would love to know how much of the costs per ounce, which are industry high, are a function of the bloated mgmt team. I think the true number would be even higher if you could include compensation in form of sharea that if accounted for as not dilution but an expense would be even highter. Funny to see Dundee Precious Metals just announced another record quarter, costs are lowest in the industry and it was them who took on INV metals in Ecuador, not IMG. I think we owned more shares as both companies were in as significant ownership. Those 200k ounces per year are going to be at sub $650 AISC for a $300M capex. Imagine adding that kind of produciton with idle cash sitting in our account. I guess that is why a small well run company like DPM can pay a dividend and our bloated fat cow mgmt cant
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