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IAMGOLD Corp IAG


Primary Symbol: T.IMG

IAMGOLD Corporation is a Canada-based intermediate gold producer and developer. The Company’s principal activities are the exploration, development and operation of gold mining properties in North America and West Africa. Its projects include Côté Gold, Essakane, and Westwood. The Côté Gold Mine is a large-scale, generational open pit operation located between Sudbury and Timmins in central Ontario. The Essakane project is West Africa’s 6th largest gold mine located in Burkina Faso (West Africa) approximately 330 kilometers northeast of the capital, Ouagadougou. The Westwood Complex includes the high-grade underground mine and satellite open pits located near Rouyn-Noranda in Quebec. The Company also owns a 100% interest in the Nelligan Gold Project, located 60Km southwest of Chibougamau, Quebec, Canada.


TSX:IMG - Post by User

Post by Luke555on Apr 12, 2024 2:55pm
242 Views
Post# 35986390

GOLD'S VOLATILITY TODAY - WOW!!!

GOLD'S VOLATILITY TODAY - WOW!!!I enjoy sharing my insights on IAMGOLD’s stock history and my perspective as a long-time shareholder! It’s fascinating to see how the company’s share price has evolved over the years.
 
After reviewing the historical daily share price for Iamgold since 2003, the all-time high Iamgold stock closing price was $21.96 CDN on September 20, 2011.
 
As of today, IAMGOLD is trading at $5.00CDN
 
The recent trend shows some volatility, but I’m optimistic about the well-founded company’s growth potential. With gold being on rocket fuel and the strategic leadership, President and Chief Executive Officer of IAMGOLD, Renaud Adams’, the company is indeed positioned for success. Mr. Adams’ firmly believes that Cote Gold mine is poised to become the flagship asset with its extended lifespan, cost-effectiveness, and strategic shift in production base to Ontario and Quebec, two of the best mining jurisdictions in the world.

Moreover, the ongoing exploration drilling programs at Gosselin, Nelligan and Essakane should produce significant increases in the company’s resources and mineral reserves future up-date.
 
As a long-term investor, I firmly believe in the company’s sound fundamentals. And who knows, perhaps IAMGOLD will continue to shine like gold itself!

Remember, investing always involves risks, but one’s thoughtful analysis and confidence in the company will bode well for your portfolio. Based on my current analysis and findings, the positives far out-weight the negatives. From a macro viewpoint, we shareholders have reason to celebrate.

As always, it’s essential to conduct your own thorough research and stay informed about the company’s developments.  Some turbulence on the horizon, buckle-up for the next 9 months! Your patience and foresight are highly commendable and will be generously rewarded.
 
Happy investing!

My motto: Be Patient, Be Right, and Sit Tight.
 


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