3.95 +0.02 (0.54%)
After hours: 4:26PM EDT
|Bid||3.70 x 42300|
|Ask||0.00 x 1400|
|Day's Range||3.91 - 4.02|
|52 Week Range||3.57 - 6.73|
|PE Ratio (TTM)||71.45|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.65|
Iamgold Corp. (IAG) has reported that reserves at the Rosebel Gold Mine have grown 51% following the declaration of mineral resources at the satellite deposit of Saramacca in Suriname. The mineral deposit of Rosebel now hosts about 4.7 million ounces of gold in proven and probable reserves. Warning! GuruFocus has detected 2 Warning Signs with IAG.
All amounts are in US dollars, unless otherwise indicated. Numbers in tables may not add due to rounding. TORONTO , Sept. 23, 2018 /PRNewswire/ - IAMGOLD Corporation ("IAMGOLD" or the ...
IAMGOLD Reports 51% Reserve Increase at Rosebel Gold Mine Driven by the Declaration of Reserves At Saramacca - Increasing Production and Extending Rosebel's Mine Life to 2033
Compounded with the drop in the price of gold, mixed earnings reports sent several gold mining companies' stocks south in the final days of summer.
Iamgold Corp. (IAG) closed up 0.82% to $3.70 on the New York Stock Exchange on Tuesday, after posting the first set of results from the 2018 drilling campaign that its exploration team completed at its Nelligan gold project in Quebec. Warning! GuruFocus has detected 2 Warning Signs with IAG. The drilling program, which consisted of 32 holes made in the 13,360-meter area, lay the foundations for the determination of a gold deposit that will enable the mining company to extract the precious metal at a low projected cost per ounce.
Gold prices are likely to recover as India gears up for the wedding season and major festivals, when gold buying is considered auspicious.
IAMGOLD Drilling Program Continues to Intersect Wide Zones of Gold Mineralization at the Nelligan Gold Project, Quebec
TORONTO , Sept. 11, 2018 /PRNewswire/ - IAMGOLD Corporation ("IAMGOLD" or the "Company") today announced first assay results from its ongoing 2018 drilling program completed at its ...
At $1,186.3 per troy ounce, gold was higher on Monday after bottoming out last week. For the second half of 2018, analysts are predicting gold will approach a price of $1,300 per troy ounce. A record in the net-short position of money managers in gold futures and a resuming physical demand of gold will decisively push the commodity toward $1,250 to $1,300 price levels.
Like positions in the SPDR Gold Shares ETF (GLD), institutional holdings in the VanEck Vectors Gold Miners ETF (GDX) fell sequentially during the second quarter. We discussed in the previous article how gold prices fell in Q2 2018. While gold miners are usually a leveraged play on gold prices, they gained 1.5% on average in the second quarter as gold fell.
Columbus Gold Corp. (CGT:TSX) (CGTFF:OTCQX) (“Columbus”) is pleased to announce that it has entered into an agreement with IAMGOLD Corporation (IMG:TSX) to acquire up to a 70% interest in the Maripa gold project, located in French Guiana, France. “With mine permitting well underway at the Montagne d’Or gold deposit, the timing was right for this deal on Maripa,” said Robert Giustra, Chairman of Columbus Gold. Maripa is located in eastern French Guiana, 50 kilometres south of the capital city of Cayenne, and is comprised of up to five contiguous exploration permits (PER) that cover an area of approximately 120 square kilometres.
Iamgold’s Q2 2018 Results Were a Mixed Bag: Is Outlook Better? Historically, Iamgold (IAG) has traded at a lower valuation than its peers. However, after its significant turnaround in 2017 and year-to-date, its discount compared to its peers has decreased. Among Iamgold’s (IAG) close peers, Agnico Eagle Mines (AEM), Yamana Gold (AUY), Eldorado Gold (EGO), and New Gold (NGD) have forward multiples of 11.3x, 5.7x, 6.7x, and 4.6x, respectively.
Iamgold’s Q2 2018 Results Were a Mixed Bag: Is Outlook Better? Iamgold (IAG) has multiple organic growth opportunities, and it’s pursuing expansion opportunities at existing deposits. The company expects initial resource estimates from some of these projects.
Iamgold’s Q2 2018 Results Were a Mixed Bag: Is Outlook Better? Iamgold’s (IAG) Westwood mine had a pivotal year in 2017 since it resumed operating at its normal production level in Q2 2017. Along with Essakane and Rosebel, the Westwood mine delivered lower production in Q2 2018.
Iamgold’s (IAG) Rosebel mine is located in northeastern Suriname in South America. IAG owns 95% of Rosebel. In the second quarter, Rosebel’s attributable production fell 5% YoY (year-over-year) to 70,000 ounces. Lower production at the mine was mainly due to planned maintenance and an increase in hard rock blend.
Iamgold (IAG) generated revenues of $277.4 million in Q2 2018, which represents a YoY (year-over-year) growth of 1.1%. Its higher realized prices and higher sales at its Rosebel mine were offset by lower sales volumes at its Essakane and Westwood mines. Its attributable gold production was 214,000 ounces, which was 4% lower than Q2 2017.
Iamgold (IAG) reported its Q2 2018 results after the market closed on August 8. It reported EPS of $0.03, beating the consensus estimate by $0.02. Its revenues, however, missed the expectation, coming in at $277.4 million compared to the consensus of $301 million.
NEW YORK, NY / ACCESSWIRE / August 9, 2018 / IAMGOLD Corporation (NYSE: IAG ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 9, 2018 at 8:30 AM Eastern Time. To ...
The Toronto-based company said it had a loss of 6 cents per share. Earnings, adjusted for non-recurring costs, came to 3 cents per share. The results surpassed Wall Street expectations. The average estimate ...