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

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Bullboard - Investor Discussion Forum 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... see more

TSX:IMG - Post Discussion

IAMGOLD Corp > Better have an exit strategy in case things get worse
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Post by 7Twiggy on Aug 28, 2024 7:57pm

Better have an exit strategy in case things get worse





At least 100 people killed in central Burkina Faso in latest jihadi attack

At least 100 villagers and soldiers were killed in central Burkina Faso during a weekend attack on a village by al-Qaida-linked jihadis

ByCHINEDU ASADU Associated Press
August 26, 2024, 9:31 AM
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ABUJA, Nigeria -- At least 100 villagers and soldiers were killed in central Burkina Faso during a weekend attack on a village by al-Qaida-linked jihadis, according to videos of the violence analyzed by a regional specialist, who described the assault as one of the deadliest this year in the conflict-battered West African nation.

Villagers in the Barsalogho commune, which is 80 kilometers (50 miles) from the capital city, were forcibly helping security forces dig up trenches to protect security outposts and villages on Saturday when fighters with the al-Qaida-linked JNIM group invaded the area and opened fire on them, said Wassim Nasr, a Sahel specialist and senior research fellow at the Soufan Center security think tank.

Al-Qaida claimed responsibility for the attack on Sunday, saying in a statement that it gained “total control over a militia position” in Barsalogho, in Kaya, a strategic town where security forces have used to fight off jihadis that have tried to close in on the capital, Ouagadougou.

At least 100 bodies were counted in videos of the attack, Nasr said. The Associated Press could not independently verify the count but reviewed videos that appeared to be from the scene, showing bodies piled beside the trenches and shovels amid gunshots.

Burkina Faso’s security minister Mahamadou Sana said in a state television broadcast on Sunday that the government responded to the attack with support from the ground and air. Among those killed were soldiers and civilians, the minister said, without stating the exact number of casualties.

“We are not going to accept such barbarity on the territory,” Sana said. He said the government has directed medical and humanitarian assistance to all those affected and that authorities are committed to protecting lives.

About half of Burkina Faso is outside of government control as the country has been ravaged by increasing jihadi attacks, encircling the capital. The jihadis linked to al-Qaida and the Islamic State group have killed thousands and displaced more than 2 million people.

The violence contributed to two coups in 2022. Still, the military junta that promised to end the attacks has struggled to do so, even after seeking new security partnerships with Russia and other junta-led, conflict-hit countries in Africa’s Sahel region.

At least 4,500 people, an average of 19 daily, have been killed this year in attacks by armed groups in the country, according to the Armed Conflict Location and Event Data Project, a U.S.-based nonprofit.

Burkina Faso’s junta leader Capt. Ibrahim Traore — who activists say was drafting critics to join the army as punishment — has also been requesting civilians to assist the military in security efforts. A civilian task force, Volunteers for the Defence of the Fatherland (VDP), is already working closely with the military.

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Investment Opportunity

Côté Gold: initial production achieved in March 2024, potential to become 3rd largest operating gold mine in Canada
 

Liquidity position of $754.1 million, including $367.1 million in cash & equivalents
 

Proven exploration program focused on unlocking value in key districts with long-term potential near existing infrastructure



Côté Gold Progress - August 2023

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