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IAMGOLD Corp T.IMG

Alternate Symbol(s):  IAG

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.


TSX:IMG - Post by User

Bullboard Posts
Comment by HonestAbeon Feb 20, 2013 1:39pm
176 Views
Post# 21017499

RE: RE: RE: RE: RE: what happened to this plan by

RE: RE: RE: RE: RE: what happened to this plan by

Niobec expansion will require about $1B in capex over the next several years (unless they defer it and most likely they will but I think they are phasing it in stages though).  Bendmeover keeps harping about selling Niobec and that might be worth something but whomever buys it must be prepared to cover this significant capex amount in addition to the purchase price.  That is why it is not an easy sell and they have not even finished feasibility study on the project yet and no sale likely occurs until this is done.

Bullboard Posts