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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 iwasgoldon Apr 17, 2013 1:32am
204 Views
Post# 21264008

RE: RE: Fortune

RE: RE: Fortune

I don't know where you are getting your info, but Iamgold most certainly does have debt, in the form of bonds that it may or may not be be able to roll over at attractive rates when they come due. These instruments are in the hundreds of millions of dollars, the exact number escaping me. Given this mistake, your other conclusions are suspect. In any case, Letwin should not be forgiven for acting as if POG would continue to increase to whatever dream target he invented. The man is a danger to the owners of this company, ie the shareholders, and like any liability he should be severed. Do you also take into account the new royalty regime in Quebec, one that seems to be prefectly timed to coincide with tumbling commodity prices and is calculated to take a minimum percentage of the asset as it comes out of the ground?  I know enough about human nature to know a stumblebum from a man with nouse, and Letwin has no nouse.

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