IAMGold reassures investors

Article Excerpt

IAMGOLD, $6.99, is a buy. The miner (Toronto symbol IMG; TSINetwork Rating: Speculative) (www.iamgold.com; Shares outstanding: 570.3 million; Market cap: $4.0 billion; No dividends paid) has bounced back from a recent drop that came after Burkina Faso’s President Ibrahim Traore mentioned during a radio interview on October. 5, 2024, among other topics, the possibility of the government revoking certain mining permits for companies that are not operating in accordance with the laws of Burkina Faso. However, IAMGold states that the Essakane mine follows all laws and maintains a positive relationship with the government. IAMGold is still a buy. buy…