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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 toppgunnon May 24, 2024 2:35pm
262 Views
Post# 36056364

IMG outlook, stuck to get traction

IMG outlook, stuck to get tractionIt was a good thing the recent financing  of 300 million was done near the 52 week high instead of  52 low.  Hence, better bang for your buck going forward as technically less share dilution if this was done at the 52 week low.  Additionally, the hgiher ownership on Cote from the financing will generate higher revenues going forward.  The downshide to Gold companies is there has been no real noticeable upside since 2012 when gold sector basically collasped and has stayed that way until this recent year. Also, most dividends have noticeably disappeared or became lower in gold companies. For instance, IMG was between 10 to 20 dollars at that time.or from 2009 to 2012.  Then basically stayed  below 8 dollars ever since.  This is the generalization for most gold stocks.  Although, IMG has looked better this year compared to previous years were basically at this lower price in precious metals until something starts to change to get a noticeable higher return on investemt.  Golds in my opinion have not been a good place to park money over the last 10 years as return on investement has been luckluster.  Perhaps, were going into an uptrend for a few yars where can get this back to the 10 to 20 dollars range  in IMG, and also speaking comparitvely to the gold sector as a whole..
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