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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 ML_Geoon Mar 08, 2016 3:18pm
83 Views
Post# 24635665

RE:RE:RE:Letwin at PDAC March 7

RE:RE:RE:Letwin at PDAC March 7It is frustrating to keep hearing the standard SL message of "stay the course" and "keep plugging along". The lack of urgency/change is beyond irratating. The fact that he keeps mentioning they have $700 million in cash and equivalents and the strong balance sheet is also misleading because they have 600 million in debt due 2020ish. In addition they burnt 100 million in Q4 2015. With the sustaining ex and capex needed to keep the existing mines going, expensive PFS, FS and scoping studies for Boto and Merrex I believe their 700 million will not last much past 2016. They really need to shake things up with management and get a gold guy at the helm. Any other company in IMGs shoes would have been full steam on Boto/Merrex at this point. 
Bullboard Posts