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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 Mar 10, 2021 6:40pm
287 Views
Post# 32766079

CONCERN ABOUT LOW SHARE PRICE

CONCERN ABOUT LOW SHARE PRICEI’m not raising the alarm, but as long term shareholder, nothing would please me more than to see a change in executive leadership at the top or a white-knight take-over of IMG.  It’s unbelievable that the share price remains stuck under $4.00 CDN. IMG is in a strong financial position, has a mine coming on steam and has one of the best pipelines of promising exploration projects in the industry. Another positive factor is that we are in a strong gold price environment. One obvious problem that stands- out, is the excessive amount of cash that sits idle in the bank. (Over $1B)  The market is not impressed with this financial strategy.  The only winners in this game are the banks.  One intelligent move would be a share buy-back, this action would certainly increase the share price.  I firmly believe that the current CEO is a cut of the same cloth of his predecessor; they believed that remaining solvent with a strong financial strategy would solve all the company problems. As in the past, the company continues the practice of hedging gold and oil prices. What about focusing on lowering operating costs?  Fellow shareholders, is my analysis wrong, should we merely accept the situation for what it is?  What I’m I missing? Are we to wait for the gold price to go through the roof for a rise in our IMG share price?

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