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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 PAGODA5on Aug 24, 2016 10:26am
44 Views
Post# 25171493

RE:blood on the streets

RE:blood on the streets

Day like this it is nice to have cahs and pick up some cheap shares.  

 

UBS: 'Any Downside Should Ultimately Be Limited' In Gold


UBS looks for any potential damage from Federal Reserve hawkishness to be limited. “The focus this week will be Fed Chair Yellen's speech at Jackson Hole, where investors will look for guidance on Fed policy,” UBS says in an early-week research note. “We expect Fed comments to hint at the potential for a hike later in the year – improving U.S. data and hawkish comments from the Fed could weigh on gold, especially given positioning has lingered close to all-time highs.” Net speculative length on Comex as of Aug. 16 was around 91% of the all-time high, despite a decline over the past six weeks, UBS says. “Having said this, we think the gold trade is not overcrowded and any downside should ultimately be limited amid lurking interest to buy dips. We have held the view that the impact of Fed policy decisions to gold are not as straight forward in this environment where global yields are under pressure and macro uncertainty is elevated. While gold is likely to come under pressure ahead of a Fed rate hike – which we expect to occur in December – we would view the dip as a buying opportunity.”


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