IMG
IAMGold, symbol IMG on Toronto, owns 38% of the Sadiola mine and 40% of the Yatela mine, both located in Mali; 100% of the Mupane gold mine in Botswana, 90% of the Essakane gold mine in Burkina Faso; 100% of the Doyon mine in Quebec; and 100% of the Rosebel mine in Suriname, South America.
We analyze IAMGold in Stock Pickers …read more »
IAMGOLD $19.76 (Toronto symbol IMG; TSINetwork Rating: Speculative) (1-888-464-9999; www.iamgold.com; Shares outstanding: 374.7 million; Market cap: $7.4 billion; No dividends paid) has agreed to sell its 18.9% stake in the Tarkwa and Damang gold mines in Ghana to South African mining giant Gold Fields Ltd. for $667 million in cash. (All figures except share price and market cap in U.S. …read more »
IAMGOLD $18.21 (Toronto symbol IMG; SI Rating: Speculative) (1-888-464-9999; www.iamgold.com; Shares outstanding: 372.1 million; Market cap: $6.8 billion; No dividends paid) has interests in five gold mines in Africa, one in Quebec and one in South America.
In the three months ended June 30, 2010, IAMGold’s cash flow was $64 million, or $0.17 a share. (All figures except share price and …read more »
IAMGOLD $16.84 (Toronto symbol IMG; SI Rating: Speculative) (1-888-464-9999; www.iamgold.com; Shares outstanding: 371.8 million; Market cap: $6.3 billion; No dividends paid) has started production at its Essakane gold mine in the west African country of Burkina Faso. The $350-million mine will produce 315,000 ounces of gold a year. That will raise IAMGold’s annual production by about 25%, to over one …read more »
Right now, gold is trading at roughly $1,125 U.S. an ounce. That’s down from its all-time high of $1,214.80 U.S., which it reached in late 2009. But it’s still far above the fall 2008 price of roughly $700 U.S.
We think gold could well move higher in the long term, although it will continue to be volatile. Rising gold would …read more »
EUROPEAN GOLDFIELDS $6.55 (Toronto symbol EGU; SI Rating: Speculative) (44 (20) 7408 9534; www.egoldfields.com; Shares outstanding: 181.8 million; Market cap: $1.2 billion; No dividends paid) holds a 95% interest in Hellas Gold.
Hellas owns three gold and base-metal deposits in northern Greece: the Stratoni zinc/lead/silver property, the Olympias gold/zinc/lead/silver project and the Skouries copper/gold property.
European Goldfields also owns 80% of the …read more »
Three years ago, when gold was at half of today’s price, we said that the best way to profit in gold was through junior miners that were increasing production by adding new mines.
Our picks have done just that. Plus, they are generating lots of cash flow with rising gold prices. Here’s how they look today:
European Goldfields $7.33, Toronto symbol EGU, …read more »
Gold rose from $300 an ounce at the beginning of this decade to over $1,000 in early 2008. It fell below $700 late last year before rebounding back over $1,000 earlier this year. Today, it trades around $954.
We feel that gold will eventually surpass its recent highs. That’s mainly because low interest rates and government spending will spur inflation.
Still, investors …read more »
IAMGOLD $12 (Toronto symbol IMG; SI Rating: Speculative) (1-888-464-9999; www.iamgold.com; Shares outstanding: 367.2 million; Market cap: $4.4 billion) has interests in seven operating gold mines: 100% of the Mupane mine in Botswana; 38% of the Sadiola mine and 40% of the Yatela mine, both located in Mali; 18.9% interests in both the Tarkwa and Damang mines in Ghana; 100% of …read more »
HECLA MINING COMPANY $2.23 (New York symbol HL; SI Rating: Extra risk) (208-769-4100; www.hecla-mining.com; Shares outstanding: 169.5 million; Market cap: $378.0 million) explores for, mines and processes silver and gold in the U.S. and Mexico.
Earlier this year, the company paid Rio Tinto plc $750 million for the 70.3% interest in the Greens Creek mine in Alaska that it didn’t already …read more »
