Gary Bourgeault
Long only, research analyst, portfolio strategy, media

Iamgold In Full Defensive Mode

One important way to view gold miners is where a company stands in regard to the need to respond to high production costs and the low price of gold. For example, Eldorado Gold (NYSE:EGO) is in a place where it can continue to work on and expand projects under these particular conditions.

On the other hand, other miners such as Iamgold (NYSE:IAG) are feverishly working to cut back on costs, as its all-in costs are higher in comparison to many other gold miners, and has committed itself to reducing those costs as its key priority in the near term.

That's another way of saying Iamgold is almost entirely in defensive mode under the current market conditions....

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