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IAMGOLD Corp.: So Much Gunpowder But Nothing Happens

May 04, 2021 2:32 PM ETIAMGOLD Corporation (IAG), IMG:CA36 Comments


  • IAMGOLD Corp. recorded $297.4 million in revenues and earnings per share of $0.04 in Q1 2021.
  • Production in the quarter was 156K Au Oz lower than I was expecting due to lower production at Westwood and Rosebel.
  • I see value in this company, especially below $3.10.
  • Looking for a helping hand in the market? Members of The Gold And Oil Corner get exclusive ideas and guidance to navigate any climate. Learn More »
The pure gold ore found in the mine on a stone floor
Photo by Oat_Phawat/iStock via Getty Images

Investment Thesis

Canada-based IAMGOLD Corp. (NYSE: NYSE:IAG) reported first-quarter of 2021 on May 3, 2021.

The company recorded $297.4 million in revenues and posted earnings per share of $0.04. Production for Q1 2021 was 156K Au Oz lower

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This article was written by

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As an experienced investor, I will help you stay on task more efficiently.

I am a former test & measurement doctor engineer (geodetic metrology). I was interested in quantum metrology for a while.

I live mostly in Sweden with my loving wife.

I have also managed an old and broad private family Portfolio successfully -- now officially retired but still active -- and trade personally a medium-size portfolio for over 40 years.

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Note: I am not a financial advisor. All articles are my honest opinion. It is your responsibility to conduct your own due diligence before investing or trading.

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in IAG over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I may accumulate IAG below $3.10 again but more certainly below $3.

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