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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 Mar 12, 2021 8:24am
432 Views
Post# 32783631

THE FUTURE

THE FUTUREFor the past year, since his promotion to CEO, we have not seen any positive leadership or decisive executive action at IMG.  With the excessive cash sitting idle in the bank, he had the opportunity to provide growth through an acquisition, could have implemented a share buy-back program or declared a dividend for the long time suffering shareholders.  But he chooses to do nothing! The role of the CEO, is to provide leadership, possess strong decision-making skills, set short-term and long-term plans for the organization, establish policies that will support these goals and objectives, and most importantly look after the interests of the shareholders.  His business model has been a failure and has resulted in a low share price for the company. Obviously, the market has not embraced his financial strategy. What can he do about the situation? He could initiate a cost cutting program in the organization and as an example, start by taking a pay-cut. This would show that he’s serious and committed about his undertaking. He’s been navigating the IMG Boardroom since 2007, with his academic skills and experience, now is the time to show some real leadership skills and take some positive and decisive executive actions that will move the company forward.  Continual talk about all the potential IMG exploration projects is one thing but having the desire and fortitude to act is something else.

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