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IAMGOLD Corporation (IAG)

NYSE - NYSE Delayed Price. Currency in USD
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2.6200-0.0700 (-2.60%)
At close: 04:00PM EST
2.6100 -0.01 (-0.38%)
After hours: 06:45PM EST
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  • u
    u
    I spoke to VP of investment relation today. He said they know we share holders are frustrated and new management and people also noticed things are not managed well and they will be fixing it with starting with CEO changed and some of the assets will be sold to focus on the ones they produce positive cash flow. I can only say after so many calls and emails , this is the first time I get a good feeling about the future progress of the company. He said their ultimate goal to clean the house, clean the assets dont bring positive cash flow and only focus on one or two big mine that will be profitable and deliver positive cash flow and increase the confidence from investor. He said they are aware of their track record and they will try to change that in the long run. He still feels , we might have rough days ahead till they get some of those changes implemented. I want to see this how it ride out to 2024-2025, since downside risk is there but not huge and upside potential is tremendous.
  • h
    howie
    Resource Capital Fund bought a large chunk on Dec. 22 last year. RCF is in partnership with Sprott. Daniella Dimitrov came from Sprott. Something is brewing.
    Gord and Letwin were the obstacles for M & A. I think the door is open after he is gone.
  • R
    Ricky C
    Im done with this turd after 2 years. Sold my 100k shares at 2.85, shouldve gotten out a year earlier. Will go up when gold prices go up but so will any other miner. Will lose money until cote is producing even at gold 1800 and by the time cote starts they will be in about 500 mil in debt by then. Net cash will be gone by mid 2022 for cote. Westwood will lose as always. Rosebel will lose with the stratostrophic increase in aisc and no solid plan for it with 1.2 billion at least in sustaining capital now making the mine almost profitless at these levels . Essakane rising aisc as well and will always have security issues. You are basically paying 1.4 billion of its approximate market cap and 500 mil extra of debt for cotes future. Too many uncertainties, no conviction in their plans, no leadership, rising costs. Hope it does go up, even if its without me in it since i know a lot of people are underwater on this thing. Maybe i get back when cote is closer and if theres another big drop. Good luck to you all in here.
  • h
    howie
    Resource Capital Fund VII L.P. has filed a 13D form with the Securities and Exchange Commission (SEC) disclosing ownership of 24,071,900 shares of Iamgold Corp. on January 03, 2022. Where did they get their shares? The holdings of the other institutional holders seem to remain the same. Did they buy over 24M shares on the open market?
  • M
    MrSpock
    A group of homeless people could have run this company for the past few years and achieved the same results. We need a buyout from a competent company that knows how to mine gold at a profit.
  • h
    howie
    Daniella Dimitrov became EVP & CFO last March. VP investor relationship was replaced last summer. RCF reported on Dec. 22 of a large chunk of 24,071,900 shares, 5.1%. On Dec. 22, IAG announced executive project director for Cote Gold and Daniella Dimitrov has taken on an expanded role. I think Gord’s fate was decided at least a year ago.
    With the new big boy, the show will get better.
  • F
    Fletch
    Shareholders need a one time dividend of 8% declared. Cost only $24M. Get Wall Street to notice.
  • b
    buddyonthebrink
    This move should prove very beneficial for this company. A change in leadership was sorely needed, so this is a great time to buy as the sale is on. Keep watching this will be a good.
    Bullish
  • J
    Jay
    New CEO needs to come from outside the company. Internal promotions are not what this company needs. It needs a shakeup.
  • S
    Supreme
    How is DXY at 96.25??? The entire financial system and stock markets are a sham. The "my sharona cyris" is running rampant, inflation is soaring, yet 4.5 million people just quit their jobs. During these turbulent times, the markets are hovering near all-time highs even though companies are struggling with supply-chain issues and employee recruitment/retention problems.

    None of this adds up, but we can't find a single financial "expert" or investigative journalist to uncover any abnormalities.
  • D
    Dana
    F Gordon, all his internet press appearances with no plan! Let this stock drift from $6 to $2 under his misguided leadership.
  • A
    Anonymous
    CEO is GONE !! costs to the moon !! Now maybe they will get someone to "build back better"
    Neutral
  • S
    Scott
    Almost $1700 aisc is laughable. The management change is welcomed but not the reason to but the company. 50% of Book value, cash $1 billion/debt $500 million. Cote mine will generate. $1800-$800aisc=$1000x350000oz=350 million every year!!! It will be in production in just over a year. Do the math. Clearly nobody is…YET!
  • B
    Brad
    This is great news and the stock price should be up but currently it’s not because the criminal shorts want to portray this as negative
  • T
    The
    YAHOO finance is showing the 12 month target price for IMG is $ 4.16 CDN. While I think it will actually be higher than that at some point within the next year, I do sell this dog at about $ 4 and then start averaging in at about $ 3.40 - $ 3.50. We are almost there already, closing price yesterday was $ 3.54 so I bought 5000 shares. I will be out at $ 3.65 and wait for the next dip. This is the worst managed gold co in all of Canada, do not try holding for the long term...... it won't work.
  • G
    GOLD IS MONEY
    This is an absolute gift at this price. Take advantage of the FED's criminal Ponzi and buy miners now. It may be the last great buying opportunity.
  • D
    Dom
    selling before cote gold opening at current share price is useless. I will be patient with this one.
  • A
    Anonymous
    Must be a bad 4th qtr report coming. Costs on the Cote exceeding projections? Production going down again? Who knows--only the Shadow knows.
    Neutral
  • m
    michael
    I think an explanation is due to the shareholders on why the all in is elevated in 2022.
  • G
    GOLD IS MONEY
    As usual, the FED casino market has provided a great buying opportunity for people that understand fundamentals. Already bought before around this price point, but I may have to add to IAG before the day is done.
    Bullish
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