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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 greendayyyyon Aug 21, 2023 11:24am
259 Views
Post# 35597875

Opportunities

OpportunitiesThe new IamGold CEO highlighted the following priorities for the company: (1) the successful completion of the Ct Gold Project, including production starting early in the first quarter of 2024 and the successful ramp-up into 2024; (2) continuing to operate safely and turning the corner at Essakane; (3) building and growing a strong Canadian platform, including positioning Westwood to achieve free cash flow toward the end of 2023; (4) returning to its full 70% interest in the Ct Gold project; and (5) utilizing future cash flow to optimize and have a more balanced capital structure. Despite the string of positive news, IamGold share price has fallen for nine consecutive days, its longest streak in 23 years, according to Bloomberg.
 
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