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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
Post by challenger426on Sep 07, 2016 8:05am
71 Views
Post# 25212963

News out- ELD provides updated outlook

News out- ELD provides updated outlook
Just took a quick look at the news release.  If ELD can achieve their 2020 targets and the POG is at $1300, ELD should be worth at least double from today's price.

830,000 oz x $650/oz ($1300/oz - $650 AISC)
Then take that total of $539,500,000 and divide it by the number of shares outstanding 450,663,800 and you get:
$1.20 /share - then give this yearly earnings number a multiple of 10 and you have:

$12.00/share.

Factors to consider in 2020 are :
The actual price of gold - anything over $1300/oz would be beneficial to the share price.
Any Non-sustaining capital expenditures - not mentioned.
The number of shares outstanding in 2020

This could be a great investment for a shareholder willing to hold ELD for 3 to 4 years.


2020 Targets

  • Gold production is expected to increase by 110% over 2017 totals (approximately 400,000 ounces of gold) to over 830,000 ounces in 2020.
  • All-in sustaining cash costs to decline to under $650 per ounce.

 

Assumptions

  • Long term outlook assumes $1,300 per ounces gold, $18.00 per ounce silver, $6,000 per tonne copper, $2,000 per tonne lead, $2,000 per tonne zinc.
  • Rates to the US$: 2.9 TRL; 3.75 BRL; 1.15 EU; 1.25 CAD.
Bullboard Posts