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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 Armcorpon May 19, 2019 2:41am
111 Views
Post# 29759239

RE:RE:That should cool things off

RE:RE:That should cool things offThi s company has been struggling for years. So why would anyone want to buy them? Westwood has issues with rockbursts and just cut back staff, so there isn't muh money to be made there.  Cote Lake is off the boil, probably because it is just too expensive at current gold prices. They have Rosebel as their best mine probably, so I bet that is the one they can sell - but then what do they do? Can they make it with Essakane and Mali? I think they want to try to sell the works as a package, maybe an acquisition, but their size and the money needed means it would have to be someone with a lot of cash. Maybe Newcrest?  I can see that Iamgold is just tired of waiting for higher gold prices, so decided to give up. If a sale doesn't happen the shares will go down a lot...
Bullboard Posts