IAMGOLD aspires to be a leading Canadian-focused gold producer with a modern multi-asset portfolio, empowered workforce, generating value for all stakeholders.

The company recently started production at Côté Gold – Canada’s next large-scale, long life gold mine which will be a model for modern mining in Canada.

Bullboard - Investor Discussion Forum IAMGOLD Corp T.IMG

Alternate Symbol(s): IAG

Metals & Mining Gold

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... see more

TSX:IMG - Post Discussion

IAMGOLD Corp > TONE DOWN THE RETHORIC -IAMGOLD SHAREHOLDERS

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Post by Luke555 on Aug 06, 2022 2:31pm

TONE DOWN THE RETHORIC -IAMGOLD SHAREHOLDERS

Shareholders are panicking as we are getting closer to the reckoning day and many of you are expressing a level of nervousness unheard of regarding the future of IAMGOLD. People are speculating various outcomes such as mergers/take-overs, all stock deals, selling shares, selling assets and even the impact of the dilution of shares …In my opinion; people should chill out and quit worrying about something they have no control over. Life is too short.

Let’s face reality; recently a shareholder aptly identified the underlying problem with IAMGOLD, “With good management and competent people in the company we would not be in this kind of situation today. The problem is that we are managed by incompetent vultures who have been lining their pockets for several years and who don't care about the future of the company. That's where we are. Sad history of IMG since their beginnings.”

With the share price at rock bottom, I want to believe that the market will dictate the outcome for IAMGOLD and not a bunch of minority shareholders. Seriously, the company produces over 600,000 ounces of gold per annum and has some of the best mining assets located in the best and safest mining jurisdiction in the world – ABITIBI GOLD BELT- There’s just too much value at stake. I’m optimistic that a new ownership will rectify the problem and a rising gold price would certainly help.…

I’ve spent a lifetime in the mining business, and I’ve been through several mine construction projects, and I can honestly say, that it’s common to have construction cost overruns! Some are larger or smaller but the Cote gold mine will be built. The liquidity problem will be resolved and the Cote gold mine and its associated Gosselin property will be a successful venture. Today, the stock may be out of favor, but it will become a growth stock and a big winner in the future. Enjoy your weekend!

PLEASE DO YOUR OWN DILIGENCE

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