LOST OUR RECENT GAINSThe gold mining sector is unloved and continues to be bludgeoned by the investment public as we start 2024. It’s hard to rationalize considering the fact that the gold price is hovering over $2k per ounce.
Given the volatility in the value of IMG, how much risk tolerance is an investor willing to endure? Investing in mining stocks is generally recommended only for investors who are willing to take on more risk in exchange for higher returns. The key is to do your research and choose stocks that have the potential for a fair rate of return over time, such as IMG.
I’ve done my research and I believe the IAMGOLD has the assets and is currently building the large-scale, long life Ct Gold project in Canada in partnership with Sumitomo Metal Mining Co. Ltd., which is expected to commence production in the first quarter of 2024. In addition, IAMGOLD has an established portfolio of early stage and advanced exploration projects within high potential mining districts in Canada.
Be Patient, Be right and sit tight.
In my opinion, now more than ever, do not sell your shares at the current low prices to the greedy hedge funds, bullion banks and short traders! You will regret it…
Please do your own due diligence.