IAMGOLD Corp T.IMG

Alternate Symbol(s): IAG

Metals & Mining Gold

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

IAMGOLD Corp

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Comment by kbradleyon Jan 25, 2015 2:13pm

185 Views

Post# 23361093

RE:analysts

Well essentially no debt with IMG and they have AISC of $1120 per ounce. So based on 825k ounces of production and a $1295US gold price we should, with a p/e of 12, be worth about $4.65 a share. For every $100 increase in the POG we should see another $2.50 increase in the share price. So if gold hits $1400 we could be a $7 stock, $1600 sb $12 and $1800 $17. After looking at a lot of other companies, most have high AISC rigth now around $1000-$1100 per ounce. It seems that IMG really gets made fun of with their costs being so high but I don't think they are alone in the arena. Simply the POG needs to rise and let's hope it is coming.

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