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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

Comment by Luke555on Dec 13, 2024 9:53pm
75 Views
Post# 36362107

RE:Navigating the Risks and Rewards

RE:Navigating the Risks and Rewards

Hi matt2018, some further thoughts, this 80 – 20 split proposal is indeed an interesting strategic move, however, there are various factors that the Burkina Faso government would need to evaluate before accepting this offer, including, their financial situation, their strategic interests, and their willingness to increase their stake in Essakane. Given that Burkina Faso has been actively working to attract foreign investment and improve its mining sector, it's possible they might be open to the idea, especially if it means greater security and stability for the mine.

It might be worth initiating discussions with the government to gauge their interest and explore the potential benefits for both parties. This could be a win-win situation, providing IAMGOLD with additional capital for the Nelligan project while giving the government a stronger stake in a profitable asset.


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