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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 terryshanon Nov 12, 2014 5:56pm
181 Views
Post# 23122318

RE:A prolonged low gold price environment ....

RE:A prolonged low gold price environment ....I wouldn't count out IMG just yet, still has some good assets and mgmt is trying to cut cost and it is working (though, I'm not sure how much those all-in costs are baked). We do know that they are cutting expenses. The SVP in Proj and Business Develop makes $0.5 million in cash compensation plus whatever options and incentives it gets. Bottom line, I don't think IMG is not going under, and until we see US economy isn't as strong as it sounds, we can hope rising gold will lift IMG back to its previous glory. 
Bullboard Posts