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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 Jan 17, 2019 5:34pm
132 Views
Post# 29248401

IMG as a Takeover Target?

IMG as a Takeover Target?With recent deals like Newmont taking over Goldcorp for $10B US and Barrick buying Randgold for $6B, why wouldn't a large gold company look at IMG with a current market cap of $1.8B.  The recent share price drop of IMG could get other companies sniffing around considering the upside potential and mine life of IMG's properties.  I'm looking at BTO as well because they produce about the same amount of gold as IMG but their market cap is double that of IMG, basically due to twice as many shares outstanding.

Bullboard Posts