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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

Post by Luke555on Feb 03, 2021 12:09pm
292 Views
Post# 32458934

Dividend Decision Time - Part Two

Dividend Decision Time - Part TwoYou would think that if someone stole money from your pockets, you would shout and yell because you’ve been robbed! That’s exactly what has happened to the IMG Shareholders! Yet as the share price lingers in the $4.00 range, the majority of the shareholders remain silent. The BOD is self-serving and is quite happy to focus on the balance sheet with nearly 1B dollars in the bank at the expense of the poor shareholders. The BDO continue to carrying-on business as usual and maintain the status quo and enjoy their luxurious trappings and benefits at the Head-Office in Toronto. Shareholders, there is something drastically wrong with this picture! I’ve been advocating for a declaration of a dividend at the next shareholders meeting in February. There is no financial reason for not declaring a DIVIDEND! This would serve to indicate the BOD cares about its shareholders and would boost the lingering share price. Our peers BTO, Kinross and Yamana Gold all pay a dividend and it’s reflected in their higher share prices!  Let’s show the gold community that were back in the game and shareholders come first. The IMG shareholders have been battered for some time now is the moment to rise again.  

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