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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 greendayyyyon Aug 19, 2022 4:04pm
358 Views
Post# 34908332

Price

PriceWith the FED meeting next week, gold should certainly see a drop to around $1725 and maybe lower. We could certainly see IMG around $1.30 by the end of next week. September may be the month when IMG will touch $1 and below. After that who knows where this fall in IMG will stop.  When a company accumulates losses year after year and the management team is completely overwhelmed by their incompetence and their ignorance of the shareholders, well, that's where we are today. Seriously I don't see how IMG will recover from this mess with this same team on board. The ship is sinking and continues to sink. 
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