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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

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Post by MiningInv97on Jan 02, 2025 11:19am
168 Views
Post# 36384431

2025 Outlook

2025 Outlook

Good start to the year everyone! With Cote ramped up and back at 70% ownership and gold being very strong it should be a breakthrough year for the stock. Q4 2024 should be released in the first half of February which should be very positive. 

What is everyone's opinion on this stock long term vs short term? Personally I'm leaning towards cashing out at some point this year since my avg price is $2.00 and there is a couple year window of IAG potentially being a 1Mil oz producer before the closure of Essakane in 2027/2028.
 

If there is a potential buyout I believe this year is a good time since Cote is fully operational. In my option Agnico Eagle Mines would be a strong candidate for a buyout due to them having strong cash flow as well as owning large gold mines within a few hundred km of Cote such as Detour, KLG, and Canadian Malartic 

long term for IAG. I believe Cote Gold could be the next Detour Gold. Since Cote and Goeslin deposits keep having good drill results and there is potential that both deposits connect making it one large deposit. 


Good luck to all, shaping up to be a great year for IAG. 

Disclaimer: this is not financial advice. Just my personal opinions based on my experience 

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