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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

Bullboard Posts
Comment by misnaon Apr 28, 2012 1:36pm
221 Views
Post# 19848076

RE: RE: RE: Was hoping for Oromin

RE: RE: RE: Was hoping for Oromin

Once this acquisition is digested they are going to make a move in Colombia I think. They are looking for positive economic projects is clear. Letwin likes Colombia a lot. I'm guessing that they will go after Bellhaven in early/mid 2013 and by then it'll be a 4M+ ounce economical deposit.  Seeing that they own 12% right now it's not terribly far fetched if Colombia indeed ends up on their list to do business.  I think it does but time will tell. It is amongst the best places now to do business in S America and has great deposits...

Its going to be interesting to see how this cycle plays out. It's all about profitable mines and there just aren't as many of those vs less good and questionable economic deposits. IMG bought 2M more shares in recent weeks to up its position too. Good luck out there.

Bullboard Posts