IAMGOLD Gets Permit For Project In Senegal - I'm Bullish

About: IAMGOLD Corporation (IAG)
by: Vladimir Zernov
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Vladimir Zernov
Long/short equity

IAMGOLD gets permit for the Boto Gold project in Senegal.

Boto Gold has lower capex requirements and higher grades compared to Cote Gold, which was shelved last year.

The stock missed the gold price upside completely. It looks like the market is too skeptical about the company - current levels look interesting as an entry point.

IAMGOLD (IAG) has recently announced that the government of Senegal has approved the mining permit for its Boto Gold project for an initial period of 20 years. Boto Gold is one of the