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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 garlandon Jul 07, 2022 11:12pm
413 Views
Post# 34810219

re rumours

re rumoursLuke , I know of several companies that have expressed serious interest  and are looking at  individual properties and possibly even the company itself . I know IMG wants to depart with Rosebel ( good luck) and given their ongoing  out of contol costs at Cote, IMG will not have many ( if any) choices left but to sell something  elsewhere or merge with another entity ( via stock swap) . They must clean up their problems now ( the next quarter will tell the story) .For myself, I hope they sell Nelligan, thereby providing VSR with an aggressive partner and put 5 rigs on that deposit and rip it past 6+ million ounces! Time will tell but something has to happen SOON . Lots of eyes are on Nelligan, not so much the international properties.
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