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IAMGOLD Corp T.IMG

Alternate Symbol(s):  IAG

Metals & Mining Gold
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

IAMGOLD Corp
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Post by Value2020on Nov 25, 2022 6:33am
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Post# 35127529

MJS.V Detailed Fact Sheet for Review

MJS.V Detailed Fact Sheet for Review

  • Mine In Productin Since 2011

  • Mine License exptened for 10 years  Till 2031.

  • First Licensed for 5 year till 2016, Second extension 5 year till 2021, Latest extension 10 year till 2031.  No Regional or Regularity Risk.

  • Mine life till 2043 (21 More Years) so 1 more extension will be needed. History shows this will be routine.

  • Governmental Safety Inspections completed in August 12, 2021. No remaining risk.

  • Total cash costs are $654/ounce.  Gold trading at $1755/ounce

Market Cap:      88.63 Million
Cash Position: 43.30 Million
Total Debt: 0

2022 Net Income 6 months: 11.30 Million

The financial summary for 2 most recent quarters:
June 30, 2022
Revenue:                 $16,438,676 
Net income (loss): $5,844,799  
Income per share:   0.01 

March 31, 2022
Revenue:                 $16,966,985  
Net income (loss): $5,417,860 
Income per share:   0.01 

Shandong Mining trading at 25 times Net Income. Majestic Market Cap Calculation as per Peers
  • Majestic first 6 months net income: 11.3 Million
  • 12 Month projected Net Income: 23.0 Million
  • 23 Million x 25 times multiple = 575 Million

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