IAMGOLD (TSX:IMG, NYSE:IAG) is a mid-tier mining company with four operating gold mines on three continents. A solid base of strategic assets in North and South America and West Africa is complemented by development and exploration projects and continued assessment of accretive acquisition opportunities. IAMGOLD is in a strong financial position with extensive management and operational expertise.
IAMGOLD is committed to keeping it’s employees safe, increasing production, bringing it’s AISC down to US$800 and growing reserves through sensible acquisitions and exploration.
Plans and Latest Developments:
IAMGOLD is assessing the potential to construct and operate a new open pit gold mine in Gogama, Ontario, Canada, called the Cote Gold Project (64.75% ownership). Open pit mining operations are estimated to have a throughput rate of approximately 30,000 tonnes per day. The preliminary site layout proposes to install the necessary mine-related facilities in close proximity to the open pit. Annual production is estimated to be 320koz at an AISC of $690 over a 17 year life of mine.
IAMGOLD is also working on robust expansion projects to their current Rosebel (Suriname) and Essakane (Burkina Faso) gold mines.
Why should investors invest in you?
IAMGOLD has a robust growth pipeline that takes advantage of a short-cycle philosophy, which focuses on projects with a shorter ROI timeline and therefore lower risk. IAMGOLD is committed to keeping it’s employees safe, increasing production, bringing it’s AISC down to US$800 and growing reserves through sensible acquisitions and exploration.
Stock Exchange Listing:
Stage of Development:
Exploration | Development
Countries of Operation:
Canada | Burkina Faso | Suriname