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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

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Post by Luke555on Feb 27, 2021 7:54pm
225 Views
Post# 32680217

BE RIGHT and SIT TIGHT

BE RIGHT and SIT TIGHTI don’t have any breaking news to share today! I just look at the market’s volatility as normal behavior. I know it’s tough to hold on to your shares when the gold market is being pummeled!!  IMG does have $1.5 M dollars in liquid funds.  This fact should provide some comfort and re-assurance  to an IMG investor. And I did buy more shares in the $3.80 range.  As an analogy, I’d like to take a more positive outlook and just visualize this as the first inning in a 9-inning ballgame. In a previous post, I mentioned that the approval of the $1.9M million relief fund could be one of the catalysts that move the gold price upwards.  In the global market there are many other factors at work that could shake the gold market. Be patient and you will be rewarded.  Be right and sit tight!
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