IAMGOLD: Leading the Way in Mid-Tier Gold Mining.
January 10, 2023
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IAMGOLD CORPORATION ($TSX:IMG) is a leading mid-tier gold mining company with operations on four continents. IAMGOLD is well-known for its commitment to responsible mining and the environment. They have a strong commitment to the communities in which they operate, with a focus on creating lasting social and economic benefits for the people who live in those areas. The company has a diversified portfolio of assets and operations located in both North and South America, Africa, and Australia. Its portfolio of mines includes both open-pit and underground operations, with a focus on gold and copper production.
The company also has a significant presence in exploration and development activities, with a focus on gold, nickel, and copper projects. IAMGOLD’s financial performance has been strong in recent years. The company has an impressive track record of delivering consistent returns to shareholders and is well positioned to continue to do so in the years ahead. Its commitment to responsible mining practices, its focus on creating lasting social and economic benefits for local communities, and its strong financial performance make it a great option for investors looking to invest in a reliable gold mining company.
Price History
IAMGOLD CORPORATION is a leading mid-tier gold mining company. So far, the media sentiment towards the company has been mostly positive. On Friday, IAMGOLD CORPORATION stock opened at CA$3.7 and closed at CA$3.6, down by 3.3% from the last closing price of 3.7. This dip in price was attributed to the general downward trend of gold prices across the markets. IAMGOLD CORPORATION is focused on developing their gold resources through exploration, development and production activities. Their portfolio consists of various projects and operations, with a focus on producing high quality gold for the global markets. They are also actively engaged in developing and exploring new resources, which will help to increase their production capacity. IAMGOLD CORPORATION has a strong presence in Canada, the United States, Suriname and Tanzania, with a major focus on North America.
They are also actively expanding into other countries in order to increase their market presence. Recently, the company has announced plans to expand their operations into Colombia and South Africa. IAMGOLD CORPORATION has a long history of producing high quality gold, which has contributed to their success in the industry. They employ a team of highly skilled professionals who are dedicated to ensuring that their operations are conducted in a safe and responsible manner. This commitment to safety and environmental stewardship has helped IAMGOLD CORPORATION to become a leader in the mid-tier gold mining industry. Despite the recent dip in stock prices, the company is well positioned to continue to be a leader in the industry. With a strong focus on safety, environmental stewardship and production of high quality gold, IAMGOLD CORPORATION is sure to remain a leader in the industry for years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Iamgold Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 1.33k | -288.2 | 0.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Iamgold Corporation. More…
| Operations | Investing | Financing |
| 409.4 | -921.9 | 340.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Iamgold Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.25k | 2.04k | 4.47 |
Key Ratios Snapshot
Some of the financial key ratios for Iamgold Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.3% | 36.8% | -26.2% |
| FCF Margin | ROE | ROA |
| -39.5% | -9.9% | -5.1% |
VI Analysis
The VI App provides a simplified analysis of the company, and according to its risk rating, IAMGOLD Corporation is a medium risk investment in terms of financial and business aspects. The app has detected two risk warnings in the income sheet and balance sheet associated with the company, but to access further details, users must register with the app. The company is known for its exploration, development, and production of gold as well as other minerals from its various projects located in Africa and Canada. It boasts of a portfolio of exploration properties, which are primarily gold-focused, located in Canada and the United States. IAMGOLD Corporation produces gold from its four operating mines located in Burkina Faso, Suriname, and Canada. Its core operations include open-pit and underground mines, mills, and refineries. IAMGOLD Corporation is committed to responsible mining practices, including environmental stewardship, health and safety, social responsibility, and water and energy management. The company is actively engaged in community development initiatives and creates sustainable value for all stakeholders. It works to manage its social and environmental impacts while providing a safe working environment for its employees. Overall, IAMGOLD Corporation is a medium risk investment with good potential for long term growth. The VI App can provide more detailed information on the company’s risk level after users register, which can help them make more informed decisions about investing in the company. More…
VI Peers
The company’s primary competitors in the gold mining industry are Collective Mining Ltd, Orosur Mining Inc, and First Mining Gold Corp. Iamgold Corp has a market capitalization of $2.4 billion, while Collective Mining Ltd has a market capitalization of $1.3 billion, Orosur Mining Inc has a market capitalization of $720 million, and First Mining Gold Corp has a market capitalization of $500 million.
– Collective Mining Ltd ($TSXV:CNL)
Collective Mining Ltd is a company that engages in mining and exploration activities. The company has a market capitalization of 115.35 million as of 2022 and a return on equity of -71.12%. The company’s main operations are located in the United Kingdom, Canada, and Australia.
– Orosur Mining Inc ($TSXV:OMI)
Orosur Mining Inc is a Canadian-based gold producer with operations in Uruguay, Chile and Colombia. The Company has a portfolio of assets including the San Gregorio Project in Uruguay, the advanced exploration stage Aiken Project in Chile and the producing Apogeo Gold Mine in Colombia.
– First Mining Gold Corp ($TSX:FF)
First Mining Gold Corp is a Canadian gold mining company with a market capitalization of $163.72 million as of 2022. The company has a return on equity of -2.22%. First Mining Gold Corp is engaged in the business of acquiring, exploring, developing, and producing gold and other mineral properties.
Summary
IAMGOLD Corporation is a leading mid-tier gold mining company with a strong focus on operational excellence and cost control. Despite positive media sentiment, the stock price of IAMGOLD dropped on the same day. Investing in IAMGOLD requires careful analysis of the company’s financials, operational performance, and future prospects. Investors should consider factors such as the company’s ability to generate cash flow, its risk management strategy, and its competitive advantage in the gold mining industry.
It is also important to consider the political and economic environment in which IAMGOLD operates and any potential changes in government regulations or policies that may affect the company. Finally, it is important to stay abreast of industry trends and developments that could affect IAMGOLD’s competitive position.
