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IAMGOLD Corp. Message Board

  • no_need_no_stinkin_badges no_need_no_stinkin_badges May 7, 2013 5:32 PM Flag

    From IAG report

    "Côté Gold Project
    ...If the project economics based on the gold price environment at that time do not meet our required rate of return, we have the option of deferring the project. Côté Gold is an attractive long-term asset that will strengthen our production pipeline."

    What? IAG did not know the project economics BEFORE they spent all that cash to buy this pig? They should have just paid the cash to shareholders as a special dividend.

 
IAG
2.14-0.03(-1.38%)May 22 4:02 PMEDT