Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
An announcement from IAMGOLD ( (TSE:IMG) ) is now available.
On February 20, 2025, IAMGOLD Corporation announced a significant update to its Mineral Reserves and Resources as of December 31, 2024. The update revealed a 56% increase in Indicated gold ounces at the Nelligan Project, positioning it among the largest gold projects in Canada. The company’s overall Proven and Probable Mineral Reserves decreased by 3% to 10.7 million ounces, mainly due to depletion at the Côté Gold project. IAMGOLD’s focus remains on expanding its resources and extending mine life, with plans for extensive drilling programs at both the Nelligan and Gosselin zones. This move underscores IAMGOLD’s strategy to solidify its position as a leading Canadian gold producer with substantial growth potential.
More about IAMGOLD
IAMGOLD Corporation is a mid-tier gold mining company based in Toronto, Ontario, Canada. The company is primarily focused on gold production with operations and projects in North and South America, as well as West Africa. IAMGOLD is known for its exploration and production efforts in established mining jurisdictions, with significant assets in Canada, including the Nelligan and Côté Gold projects.
YTD Price Performance: 13.08%
Average Trading Volume: 9,628,388
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.61B
Learn more about IMG stock on TipRanks’ Stock Analysis page.
