Their rising output boosts them appeal

Article Excerpt

IAMGOLD $4.24 (Toronto symbol IMG; TSINetwork Rating: Speculative) (1-888-464-9999; www.iamgold.com; Shares outstanding: 450.7 million; Market cap: $2.2 billion; No dividends paid) owns 41% of the Sadiola gold mine in Mali; 90% of the Essakane mine in Burkina Faso; 100% of the Westwood mine in Quebec; and 95% of the Rosebel mine in Suriname. IAMGold also holds 92.5% of the Cote gold project in Ontario. Production at that deposit could begin as early as 2021. In the quarter ended September 30, 2018, overall revenue fell 8.9%, to $244.8 million from $268.8 million a year earlier. (All figures except share price and market cap in U.S. dollars.) Cash flow dropped 46.0%, to $39.7 million, or $0.09 a share, from $73.5 million, or $0.16. The company’s gold production fell 4.1% in the latest quarter, to 208,000 ounces from 217,000 a year earlier. The decline came from planned maintenance shutdowns at the Rosebel mine. Gold prices also dropped. IAMGold holds a high $715.2 million in cash. Those reserves put it in…

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