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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 garlandon Aug 05, 2022 10:09pm
401 Views
Post# 34875864

luke -my thoughts

luke -my thoughtsI bought today and will continue to do so until the bottom is reached - you buy when EVERYONE has shi- all over it and no one wants it!  ( especially  when driven to an ALL TIME lows ) -  BUT the value is there !  and I bet there are several large Canadian producers just waiting for this opportunity  - they will pounce and then it gets interesting - the new entity ( after a successful merger ) would simply blow out Rosebel for cash,  then bite the bullet and take Cote to production, then deepen Gosselin (  additional 7million ounces) and finish Nelligan (additional 10 million ounces) and become one of the largest producers in Canada. It is all set up for them. Hopefully it all happens before  the threat of dilution occurs. The img geological team is good - keep them  - but as is everyone's dream get rid of the others and slash the severences .I have my eyes on 7 candidates for merger (all stock deal).    It will happen and soon  - as IMG must maintain it's New york listing!!!  The vice is turning!
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