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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 Aug 01, 2021 9:15am
240 Views
Post# 33638175

Brilliant strategy CEO/BOD - IMGIAG

Brilliant strategy CEO/BOD - IMGIAGThe brilliant strategy of the current CEO/BOD of not supporting the IMG share price and letting the stock price fall to near historic lows with the help of the short traders worked to perfection.  The CEO (payroll 2007) and his cronies, who are in the twilight of their careers, were able to allocate themselves large bonuses of shares and options at the lowest possible price under the annual remuneration program. What a spectacular move on their parts, they must of felt that they had won the Lotto-Max! Unfortunately for the long term shareholders, this catastrophe is ongoing because the present CEO/BOD doesn’t have the desire or fortitude to turn the ship around.  We need a buy-out or for the gold price to rise big time to remedy the situation! All we can do is hope for better days ahead.

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