IAMGOLD: A Golden Opportunity for Investment As a long-term IAMGOLD shareholder, I enjoy sharing my insights about the company and its enviable growth prospects. In my previous articles, I emphasized that organic growth is often more cost-effective than discovering new gold mines in remote locations.
IAMGOLD is swiftly progressing toward its goal of becoming a leading, modern Canadian gold producer. With a robust balance sheet and valuable assets, the company is poised to generate significant value for stakeholders and investors.
With IAMGOLD, you have a situation of “free optionality.” Let me describe this concept in a bit more detail. The shareholders are currently enjoying the share price increase primarily due to the construction and development of the Cote Gold mine. As the company moves towards 100% operational productivity in the first quarter of 2025, stock owners are receiving a nice return on their investment. Some mining analysts are projecting a stock price rise in the $10 to $12 price range. That sounds reasonable, and in my opinion, the best is yet to come.
The free optionality concept comes into play when the company announces plans to build and develop a second mine. That would be the Nelligan Project with its massive open pit ore body in Quebec, where infrastructure is conveniently located nearby. Since you already own the stock, this free option could significantly increase your wealth. In the gold mining industry, there are numerous free option opportunities to invest in.
I came across this idea while reading an article in “King World News” titled "How You Can Become a Rich Investor in 2025,” written by billionaire Pierre Lasonde, who is arguably one of the greatest company builders in the history of the mining sector.