Traded as | TSX: IMG NYSE: IAG |
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Industry | Gold Mines |
Founded | 1991 as International African Mining Gold Corporation |
Founder | Mark Nathanson and William Pugliese |
Headquarters | Toronto, Ontario, Canada |
Key people
|
Donald K. Charter Chairman and Director Stephen Letwin, President and CEO Gordon Stothart, Executive Vice President and COO Carol Banducci, Executive Vice President and CFO |
Number of employees
|
5,600 (2008) |
Website | www.iamgold.com |
Iamgold Corporation is a Toronto-based international gold producer. The company is engaged in the exploration, development, and production of mineral resource properties throughout the world.
IAMGOLD has an annual production of approximately 800,000 ounces of gold from operations in North America, South America, and West Africa.
In Q1 2017 IAMGOLD reported attributable gold production of 214,000 ounces at all-in sustaining costs of $992 per ounce sold. For the quarter the Company posted a net loss of $18 million.
The following mines provide attributable gold production to the company:
The Company is exploring and progressing feasibility studies on a number of options. Projects of note include, but are not limited to:
At the end of 2014, IAMGOLD held an 86% interest in Euro Ressources, a French corporation, which in turn held a royalty on IAMGOLD's Rosebel mine, and 14% of Colombus Gold's outstanding shares. Colombus Gold is focused on the development of the Montagne d'Or Gold Deposit, located on the Paul Isnard concession in French Guiana, which hosts an NI43-101 in-pit gold resource of 3.9 million ounces at approximately 1.5 g/t.
In January 2017 IAMGOLD released a positive preliminary economic assessment for the Côté Gold project that outlined a 21-year mine life producing an average of 302,000 ounces of gold annually at average total cash costs of $564/oz and all-in sustaining costs of $686/oz.
In June 2017 IAMGOLD released a positive Pre-Feasibility Study for its Côté Gold Project in Northern Ontario that outlined proven and probable gold reserves of 5.9 million ounces. The study estimated a 17-year mine life producing an average of 320,000 ounces of gold annually.
IAMGOLD and its predecessor companies have existed since 1986. Notable divested and closed mines from IAMGOLD and its predecessor companies include:
Stephen Letwin was appointed President and Chief Executive Officer of Iamgold on November 1, 2010. Letwin held executive positions at Enbridge Inc., TransCanada Energy and TransCanada Pipelines prior to joining Iamgold. He is a certified general accountant and a member of the Certified General Accountants of Ontario. He holds an MBA from the University of Windsor and is a graduate of the Harvard Advanced Management Program.
The company announced on January 23, 2013, that it is reducing exploration activity in Mali as a result of events in this country. This is not expected to impact production at the two mines in Mali where the company holds an operating interest.
In December 2016 IAMGOLD announced it would acquire junior mining company Merrex Gold. Merrex's primary assets were gold properties in West Mali, Guinea and Nova Scotia.
In June 2017 IAMGOLD closed a transaction with Sumitomo Metal Mining Co., a Japanese based mining company, to develop the Côté Gold Project in Ontario. Sumitomo purchased a 30% stake in Côté in exchange for a $195 million investment.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q3 2022 | 2022-11-01 | Future report Set alerts | |
Q2 2022 | 2022-08-03 | -0.01 | -0.01 |
Q1 2022 | 2022-05-03 | 0.00 | 0.00 |
Q4 2021 | 2022-02-23 | 0.09 | 0.09 |
Q3 2021 | 2021-11-03 | -0.04 | -0.04 |
Q2 2021 | 2021-08-04 | -0.01 | -0.01 |
Q1 2021 | 2021-05-03 | 0.01 | 0.01 |
Q4 2020 | 2021-02-17 | 0.04 | 0.04 |
Q3 2020 | 2020-11-04 | 0.00 | 0.00 |
Q2 2020 | 2020-08-05 | 0.04 | 0.05 |
2016-07-13 | Upgrade | Scotiabank | Underperform to Sector Perform | |
2016-06-30 | Upgrade | Credit Suisse | Underperform to Neutral | $3.00 to $5.25 |
2016-06-30 | Upgrade | Credit Suisse Group AG | Underperform to Neutral | $3.00 to $5.25 |
2016-06-27 | Upgrade | CIBC | Sector Underperform to Sector Perform | |
2016-06-15 | Reiterated Rating | Credit Suisse | Hold | |
2016-06-15 | Reiterated Rating | Canaccord Genuity | Hold | |
2016-05-18 | Downgrade | Howard Weil | Sector Perform to Underperform | |
2016-05-05 | Upgrade | Macquarie | Underperform to Neutral | |
2016-05-05 | Reiterated Rating | Credit Suisse | Sell | $2.00 |
2016-04-12 | Boost Price Target | RBC Capital | $2.25 to $2.75 | |
2016-04-12 | Boost Price Target | Royal Bank Of Canada | $2.25 to $2.75 | |
2016-04-08 | Boost Price Target | CIBC | $2.00 to $2.15 | |
2016-04-01 | Reiterated Rating | Credit Suisse | Neutral | |
2016-03-14 | Boost Price Target | Raymond James | $1.50 to $2.75 | |
2016-03-14 | Boost Price Target | Raymond James Financial Inc. | $1.50 to $2.75 | |
2016-02-19 | Boost Price Target | CIBC | Sector Underperformer | $1.75 to $2.00 |
2016-02-19 | Downgrade | Mackie | Hold to Sell | $2.00 to $2.50 |
2016-02-12 | Upgrade | Goldman Sachs | Sell to Neutral | |
2016-02-12 | Upgrade | Goldman Sachs Group Inc. | Sell to Neutral | |
2016-01-21 | Upgrade | Raymond James | Underperform to Market Perform | |
2016-01-20 | Upgrade | Canaccord Genuity | Sell to Hold | |
2016-01-14 | Lower Price Target | Barclays | $2.00 to $1.50 | |
2016-01-14 | Lower Price Target | Barclays PLC | $2.00 to $1.50 | |
2015-11-26 | Reiterated Rating | CIBC | Sector Outperform | |
2015-11-25 | Initiated Coverage | Morgan Stanley | Underweight | $1.35 |
2015-11-24 | Upgrade | HSBC | Reduce to Hold | |
2015-10-26 | Downgrade | HSBC | Buy to Reduce | $1.15 to $2.11 |
2015-10-21 | Downgrade | Canaccord Genuity | Hold to Sell | |
2015-09-08 | Lower Price Target | HSBC | Buy | $2.30 to $1.80 |
2015-09-01 | Lower Price Target | Scotiabank | $2.50 to $2.00 | |
2015-08-24 | Lower Price Target | RBC Capital | Underperform | $2.25 to $2.00 |
2015-08-06 | Upgrade | Canaccord Genuity | Sell to Hold | |
2015-07-24 | Downgrade | Raymond James | Market Perform to Underperform | |
2015-07-24 | Initiated Coverage | CIBC | Underperform | |
2015-07-10 | Reiterated Rating | Roth Capital | Buy | |
2015-07-10 | Downgrade | RBC Capital | Sector Perform to Underperform | $2.75 to $2.25 |
2015-07-03 | Reiterated Rating | Roth Capital | Buy | $3.75 to $3.50 |
2015-03-24 | Boost Price Target | Roth Capital | Buy | $3.50 to $3.75 |
2015-03-16 | Initiated Coverage | Raymond James | Market Perform | $3.25 |
2015-02-25 | Upgrade | HSBC | Neutral to Overweight | $2.28 to $3.00 |
2015-02-19 | Set Price Target | Canaccord Genuity | Sell | $3.25 |
2015-01-26 | Downgrade | HSBC | Overweight to Underweight | |
2015-01-22 | Set Price Target | Roth Capital | Buy | $3.00 to $3.50 |
2015-01-09 | Downgrade | Canaccord Genuity | Hold to Sell | |
2014-11-18 | Downgrade | Macquarie | Neutral to Underperform | |
2014-11-14 | Upgrade | HSBC Securities | Neutral to Overweight | |
2014-11-14 | Lower Price Target | Barclays | Underweight | $4.00 to $2.00 |
2014-11-14 | Upgrade | HSBC | Neutral to Overweight | |
2014-10-06 | Boost Price Target | Roth Capital | Buy | $5.25 to $5.50 |
2014-08-18 | Reiterated Rating | Societe Generale | Sector Perform | $4.00 to $4.50 |
2014-08-14 | Lower Price Target | CIBC | Sector Perform | $5.00 to $4.50 |
2014-07-09 | Lower Price Target | RBC Capital | $5.00 to $4.50 | |
2014-05-30 | Lower Price Target | Roth Capital | $3.50 to $3.25 | |
2014-05-08 | Lower Price Target | TD Securities | Hold | C$5.00 to C$4.50 |
2014-05-07 | Lower Price Target | Canaccord Genuity | Hold | $5.00 |
2014-04-08 | Lower Price Target | Morgan Stanley | $4.00 to $3.75 | |
2014-02-21 | Downgrade | Cormark | Reduce | |
2014-02-21 | Lower Price Target | Roth Capital | $4.50 to $4.25 | |
2014-01-22 | Downgrade | Dundee Securities | Neutral to Sell | |
2014-01-22 | Downgrade | Canaccord Genuity | Buy to Hold | |
2014-01-17 | Lower Price Target | Barclays | Underweight | $5.00 to $4.00 |
2014-01-13 | Upgrade | Canaccord Genuity | Hold to Buy | |
2013-12-17 | Downgrade | Macquarie | Outperform to Neutral | |
2013-12-12 | Upgrade | Goldman Sachs | Sell to Neutral | |
2013-11-26 | Downgrade | Morgan Stanley | Equal Weight to Underweight | $4.75 |
2013-11-07 | Downgrade | TD Securities | Buy to Hold | |
2013-11-07 | Downgrade | Barclays | Equal Weight to Underweight | $7.00 to $5.00 |
2013-11-07 | Downgrade | HSBC | Overweight to Neutral | $6.20 to $5.30 |
2013-11-07 | Downgrade | Canaccord Genuity | Buy to Hold | |
2013-11-07 | Downgrade | Roth Capital | Buy to Neutral | $5.50 to $5.25 |
2013-10-24 | Initiated Coverage | Canaccord Genuity | Buy | |
2013-10-21 | Upgrade | HSBC | Neutral to Overweight | |
2013-10-10 | Initiated Coverage | Roth Capital | Buy | $5.50 |
2013-09-20 | Initiated Coverage | Goldman Sachs | Sell | |
2013-06-14 | Initiated | Global Hunter Securities | Buy | $7.50 |
2013-02-21 | Reiterated | BMO Capital Markets | Market Perform | $14 to $11 |
2013-01-24 | Downgrade | Stifel Nicolaus | Buy to Hold | |
2013-01-23 | Downgrade | BMO Capital Markets | Outperform to Market Perform | $16 to $14 |
2013-01-15 | Reiterated | BMO Capital Markets | Outperform | $33 to $38 |
2012-11-15 | Upgrade | BMO Capital Markets | Market Perform to Outperform |
2016-07-13 | Upgrade | Scotiabank | Underperform to Sector Perform | |
2016-06-30 | Upgrade | Credit Suisse | Underperform to Neutral | $3.00 to $5.25 |
2016-06-30 | Upgrade | Credit Suisse Group AG | Underperform to Neutral | $3.00 to $5.25 |
2016-06-27 | Upgrade | CIBC | Sector Underperform to Sector Perform | |
2016-06-15 | Reiterated Rating | Credit Suisse | Hold |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In IAG 106 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
VAN ECK ASSOCIATES CORP | 46.11M |
DONALD SMITH & CO., INC. | 39.92M |
Kopernik Global Investors, LLC | 23.80M |
RENAISSANCE TECHNOLOGIES LLC | 17.66M |
Vanguard Group, Inc | 16.24M |
P SCHOENFELD ASSET MANAGEMENT LP | 10.69M |
Invesco Ltd. | 7.35M |
CITADEL ADVISORS LLC | 4.26M |
Ruffer LLP | 2.59M |
BANK OF MONTREAL /CAN/ | 2.59M |
RUSSELL FRANK CO/ | 2.36M |
U S GLOBAL INVESTORS INC | 2.10M |
PAULSON & CO INC | 1.85M |
DIMENSIONAL FUND ADVISORS LP | 1.75M |
LEGAL & GENERAL GROUP PLC | 1.71M |