IAMGOLD aspires to be a leading Canadian-focused gold producer with a modern multi-asset portfolio, empowered workforce, generating value for all stakeholders.

The company recently started production at Côté Gold – Canada’s next large-scale, long life gold mine which will be a model for modern mining in Canada.

Bullboard - Investor Discussion Forum 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... see more

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IAMGOLD Corp > PREDICTION - IAMGOLD SHARE PRICE

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Post by Luke555 on May 15, 2024 7:14pm

PREDICTION - IAMGOLD SHARE PRICE

As a long term shareholder, I’m pleased with IAMGOLD’s recent share price movement! On my last posting on May 02, 2024, I shared some of my thoughts about the direction of IAMGOLD and I predicted that its share price was heading toward the CDN $6.00 range. Let’s take a closer look at the details:

On May 2, 2024, IAMGOLD’s share price closed at CDN $5.01.
As of May 15, 2024, the closing price has risen to CDN $6.10.

Over the next six months, I predict a gradual upward movement toward the CDN $10 range.
IAMGOLD’s performance will likely be influenced by several factors, including the ones below:

Operating Mines:

IAMGOLD operates three mines, and positive developments in their production and efficiency can impact the stock price.

Cote Commissioning Phase:

Progress with the Cote mine’s commissioning phase could be a significant catalyst.

Gold Production:

If the Cote Mine’s gold production increases over the next two quarters, it could boost investor confidence.

Historic Gold Price Break-Out:

The global gold market’s historic break-out has entered upside acceleration phase. What better timing for Cote Mine to come on stream!!

Investors often turn to gold during uncertain times, which could also contribute to IAMGOLD’s performance.

A noteworthy fact, based on my readings, the catalyst behind the historic gold break-out is the Chinese Precious Metal investors and traders. Their influence on the gold market aligns with my observations. It’s essential to keep monitoring these trends.

According to the global money managers, this is a major uptrend cycle for the gold market.
Remember that investing involves risks, and market conditions can change rapidly. Always consider diversification and consult with a financial advisor.

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Comment by SPACEDOC on May 16, 2024 8:19am

Great review. I also predict the consolidation of Nelligan with Northern Superior creating another great asset this year. That would be either an alliance with Northern Superior or a complete buyout

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