IAMGOLD Corp T.IMG

Alternate Symbol(s): IAG

Metals & Mining Gold

IAMGOLD Corporation is a Canada-based intermediate gold producer and developer. Its principal activities are the exploration, development, and operation of gold mining properties in North America and West Africa. Its projects include Essakane, Westwood and Cote Gold. The Essakane project is in north-eastern Burkina Faso, West Africa. It straddles the boundary of the Oudalan and Seno provinces in the Sahel region of Burkina Faso and is approximately 330 kilometers (km) northeast of the capital, Ouagadougou. The Westwood Project is located on the Doyon property, 2.5 km east of the former Doyon Gold Mine in Bousquet Township. The Cote Gold Project is in the Chester and Yeo Townships, District of Sudbury, in northeastern Ontario. It owns a 100% interest in the Nelligan Gold Project, located 60Km southwest of Chibougamau. It holds claims of Nelligan, as well as other earlier stage exploration properties in Northern Quebec. It also owns Rich Lake and Lac a l’Eau Jaune (gold) properties.

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IAMGOLD Corp

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Comment by nonvoyanon Jul 17, 2007 1:16pm

358 Views

Post# 13102102

RE: Question

Waterhouse's last report, dated June 20 had the target at $11... This is their investment conclusion: "IAMGOLD remains one of the least expensive gold producers in our coverage universe and expected improvements in the second half of 2007 at several operations should allow the company to at least partially lose the valuation gap. This resource increase at Doyon is a positive step for IAMGOLD, which needs to prove to the market that they can add value at their many projects put together through acquisitions. This is a task we believe they can accomplish as their newly formed Project Development Group gets more involved at several projects. We are maintaining a BUY recommendation and $11.00 target price."

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