Streetbeat News

IAG

IAMGOLD Corporation

https://www.iamgold.com

Industry

Gold

IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America, South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa; and Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 586 square kilometer located in Ontario, Canada. Its exploration and development projects include the Pitangui project in Brazil; the Karita project located in Guinea; the Diakha-Siribaya project situated in Mali; and the Nelligan and Monster Lake projects located in Quebec, Canada. IAMGOLD Corporation was incorporated in 1990 and is headquartered in Toronto, Canada.

Open

5.87

Mkt cap

3.4B

Volume

9.1M

High

5.98

P/E Ratio

3.93

52-wk high

6.69

Low

5.79

Div yield

N/A

52-wk low

2.90

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Portfolio Pulse from Avi Kapoor

April 11, 2024 | 2:01 pm

BMO Capital analyst Jackie Przybylowski maintains an Outperform rating on Iamgold (NYSE:IAG) and raises the price target from $4 to $4.25.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 2:00 pm

Iamgold Corporation (NYSE:IAG) has achieved a significant milestone by pouring the first doré bar at its Côté project in northern Ontario, signaling a step closer to full-scale gold production. The Côté mine, a joint venture with Sumitomo Metals Mining (OTCPK: SMMYY), is expected to become one of Canada's largest gold producers. The project, which is designed for a fully automated haulage fleet, has an estimated mine life of 18 years with significant gold reserves and resources.

Portfolio Pulse from Stjepan Kalinic

April 02, 2024 | 7:39 pm

Gold Royalty announced that IAMGOLD has completed its first gold pour at the Côté Gold Mine in Ontario. Gold Royalty holds a 0.75% net smelter return royalty over the southern portion of the mine, which is included in Phase 1 of the mine plan.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 10:41 am

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Portfolio Pulse from Benzinga Insights

February 20, 2024 | 11:52 am

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Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 6:40 pm

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Portfolio Pulse from Avi Kapoor

January 23, 2024 | 3:32 pm

IAMGOLD Corporation reported its Q4 2023 production results, achieving 465,000 ounces of gold, at the top end of its annual guidance. Essakane and Westwood mines exceeded expectations, with Côté Gold commissioning on track for initial production in March 2024. The company will release full financial results on February 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 2:40 pm

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Portfolio Pulse from Avi Kapoor

January 12, 2024 | 6:28 pm

Shares of precious metals companies have increased due to their status as safe haven assets amidst macroeconomic uncertainty following military actions by the US and UK against Houthi targets in Yemen.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 2:54 pm

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