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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 toppgunnon Aug 09, 2021 11:51am
228 Views
Post# 33671922

52 wk low

52 wk lowI still strongly believe IMG continues to correct around the 1.75 to 2.5 range then probably find a solid bottom.  Lots of gold stocks have been negatively affected but it seems IMG is one of the worst of the majors.

IMG should buy back their shares at these prices in the 2 dollar range.  5000000 at 2 dollars would be money well spend.  The heck with the divident as more value in share reduction.  I know this is potentlally to be used for Cote but share buy back has way more value as company.  Who knows Cote may never ever get fully built.    


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