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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 oilandgasmickon Dec 21, 2022 2:09pm
173 Views
Post# 35185249

RE:RE:RE:RE:RE:RE:Finally a solid up day!

RE:RE:RE:RE:RE:RE:Finally a solid up day!I'm not suggesting that the recent deals haven't been good ones because they obviously have been. There is some new blood in the company and some added shareholder pressure has prompted the organization to make some moves that were long overdue.

I am referring to the "last decade" where compensation levels for senior officers were totally out of sync with share prices and the ability to monetize assets and thus avoid any cash shortfalls. This was certainly not a well run company and the market knew this.

What I am saying is that the drive towards a much better balance sheet should continue and if that attracts a decent offer then it might be a good exit point for investors.

I am not the first poster to suggest this. There were a number of similar opinions on this board a few years ago but these people seem to have disappeared and simply thrown in the towel.
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