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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 greendayyyyon Jul 31, 2021 11:04am
91 Views
Post# 33636957

RE:RE:RE: POTENTIAL TRADING PROBLEM - IAG SHORT TRADES

RE:RE:RE: POTENTIAL TRADING PROBLEM - IAG SHORT TRADES
LuKe555..........Sorry for my frankness about the financial and stock markets. Corruption has existed for decades and nothing will change in the future. A good piece by Peter Marrone yesterday on the future of miners. Marrone pointed out that while gold miners' share prices have fallen this year, along with the decline in gold, revenues and production have continued to grow. A compression in the share price, coupled with growth in earnings before interest, depreciation and amortization (EBITDA), leads to more attractive valuations.
If we apply one of the metrics, if we apply a multiple to cash flow, a multiple to net asset value, our net asset value has gone up, our multiple to net asset value has gone down. Our multiples to cash flow...we trade at about five or six times cash flow, and normally in this industry, and certainly some companies in this industry, can trade over ten times cash flow. In other industries, they trade at more than ten times cash flow, so I think there's a lot of room for upside," he said. Have a nice day....
 
 
 
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