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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

Comment by toppgunnon Feb 16, 2021 2:50pm
125 Views
Post# 32575701

RE:share buybacks

RE:share buybacksGood points on share buybacks.  With that said, IMG has about .5 billion and YRI has about a billion shares outstanding.  I use to own Yamana from 2005 ish to 2012 ish then sold for a good profit.  Those were good years in golds and rose during that time. 

I agree, would rather have some of these gold companies start buying back their float instead of dividends to get the price to move up.  It is puzzling on low prices we have in gold companies considering gold price is at historic highs over the last 10 years.  Mixed overall on gold and forms a small part of my portfolio as not betting the farm on gold by any means.  Take advantage of the uptrends which have studdered since the summer.   
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