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IAMGOLD Corporation (IMG.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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2.8200+0.0400 (+1.44%)
As of 3:20PM EDT. Market open.
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  • R
    Raoof
    Last Chance to load up We have reached the hammer and and reach the bottom. The Bears are losing control and the bulls are taking back control will rise the stock price higher stock prices are on its way everyone
  • c
    charles
    At August 30, 2021, the Company had total available liquidity of $1.42 billion.
  • c
    charles
    Rumor of $IAG merger were speculated by everyone at America’s Gold Forum where “all options are in the table” comment was made takeover WILL happen sooner than most expect
  • m
    mark
    Going up on low volume. I'll take it.
  • J
    Justkrack
    IAG, is hiring new and experienced people to carry IAG into the future. Strong buy.
  • K
    Karlo
    The Cote project along with the recent announcement of results from the Gosselin zone are very impressive. The total reserves could likely expand to 10 - 15 million oz. Open pit mining is usually very profitable. So the future looks very bright.

    So, why is this trading below book value?
    Looks like some funny business going on with IAG management.
  • K
    Karlo
    Major volume again on the US ticker. Someone is accumulating a ton of shares at the bargain basement price. Some funny business going on that is not being shared
  • h
    howie
    Fire the everyone in that office. give the cash back to the shareholders. the remaining mines and other assets will still worth more that $2 per share.
  • c
    charles
    $IAG is going to be monster by year end $3.50 price target
  • A
    Anonymous
    This one is a great risk taking opportunity. Asset values plus free cash flows plus all the potential catalysts
  • A
    Anonymous
    I also have a strong conviction and am salivating about this opportunity.
    I have now allocated 50% of my book to IAG.
    Con:
    even downside calculates pretty positive;
    like a $2 option on a $5 asset generating + cash flows.
    Pros:
    lots of foreseeable catalysts
    tremendous upside once the grip on paper gold is weakened
    rich values allocating just a bit into (gold + value = IAG)
    this shall be my 10-bagger unless it's bought out before then
  • c
    charles
    Very strong buy
  • c
    charles
    $IAG looks too cheap right now, should be well over $3.00 Cote mine is making good progress at safest jurisdiction. Must buy pick
  • D
    Dorothee
    TIMMINS - IAMGOLD's Cote Project, about an hour south of Timmins, is moving along with its construction phase.
    Roads are being built, water has been pumped, fish have been relocated and some open pit mining has already begun.
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    The company currently has between 700 and 800 employees working on creating a mine with the future in mind. Gord Stothart, the company's president and chief executive officer, said Cote mine will be the third in Canada to have onsite autonomous hauling and drilling.

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    “We’re going to be using driverless trucks and driverless drills on the site -- it’s mature technology," said Stothart.
    Cote Gold's general manager said he's looking for people interested in working with computers and communication systems.
    "To make sure these 23 autonomous trucks work correctly, we need a very good communication system around the pit, so for sure we’re going to need a specific team just to manage that because if we lose the communication system, the trucks will stop," said Sylvain Collard.
    Collard said people interested in working in a processing mill will also be treated to using some of the most interesting equipment in the industry.
    “It's called HPGR -- high pressure grinding rollers," he said. "So it’s going to be the biggest one in Canada ... At the same time we’re going to have two Vertimills, which are the biggest on the market.”
    IAMGOLD acquired the property in 2012 and Stothart said it's signed partnership agreements with several First Nations, most recently the Métis Nation of Ontario.
    He said hiring Indigenous people from the area will be a priority. When the mine is in full production in 2023, the Cote Mine will need 450 full-time workers.
    “We’ve had a recent discovery off the side of it and are looking to add some additional ounces to the pot here in the next while," Collard said. "So my projection is this mine is going to go well beyond 18 years and I think is going to be an important contributor to the northern economy for a long time.”
    Stothart said to have a discovery of this magnitude in this region -- the heart of the world's mining industry -- is really special to IAMGOLD.
    He said an economic study done a couple of years ago found that the Cote Project expects to produce at least $10 billion for Ontario's economy and $5 billion in direct and indirect wages.
  • R
    Raoof
    We are rising just as I predicted
  • R
    Raoof
    We are sistaining the mid $2.80 range which means say goodbye to the 52 week low of $2.75 the trend has change from bearish to bullish slowly we will rise i am asking eveeyone to be patient and you will be rewarded. We have not fallen back to high 2.70 range after the pop at the open which means we will hold the 2.80 range and tomorrow and following next 10 business days we will be on a uptrend
  • E
    Eigintas
    Raoof, whats your deal? You are posting every five minutes. What’s up with that?
  • O
    On
    Short interest increased today 2,600,000 shares in hopes of continuing the trend here that has been going on for the past three months, but the shorts were met with buyers on a relatively red day for the POG.
  • R
    Raoof
    with price of gold being over $1700 per oz. Iamgold has profitted more than $300 per oz of gold it has drilled and will have a positive Q3 results and stock will rise after Q3 reports
  • c
    charles
    $IAG trades at $1 billion market cap with over $1.4 billion in liquidity no credit given to Cote. Senior producer acquisition of IamGold assets including ofcourse Cote is to be expected and warranted via friendly merger or hostile bid.