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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 f_the_bankerson Mar 04, 2013 2:50pm
140 Views
Post# 21075250

RE: RE: RE: RE: My take on the fall in IMG

RE: RE: RE: RE: My take on the fall in IMG

if "running the company well and positioning it to thrive well in the future" results in a strong share price then what does the current performance tell you about the management? 

their forecasts have turned out to be disastrously wrong! they've relied on an ever-increasing price of gold to fund their empire building and have been caught with their pants down. why wasn't more emphasis placed on  keeping costs down in the first place? ...because gold was rising and they figured they could make it rain dollar bills on people and projects? where was the oversight? what happened to risk management? their costs have exploded and set the share price back more than 10 years!!! do you get that? 

Bullboard Posts