IAMGOLD Corporation (IAG) has issued Sumitomo Metal Mining Co., Ltd. with a 60-day formal notice to exercise its right to repurchase a 9.7% interest in the Côté Gold mine. This will increase IAG's stake to 70% in the mine, which is Canada's third-largest one. The projected average annual gold production over the life of the mine is 0.365 million ounces. Côté Gold is operated as a joint venture between IAMGOLD (as the operator) and Sumitomo Metal Mining Co., Ltd., a subsidiary of Sumitomo (SSUMY) . IAG & Sum ...

● . IAMGOLD Submits Formal 60 Days Notice to Sumitomo for Repurchase of 9.7% Cote Gold Mine Interest September 30, 2024 5:00 PM EDT | Source: IAMGOLD Corporation All monetary amounts are expressed in U.S. dollars, unless otherwise indicated. Toronto, Ontario--(Newsfile Corp. - September 30, 2024) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) ("IAMGOLD" or the "Company") is pleased to announce that it has provided Sumitomo Metal Mining Co., Ltd. ("Sumitomo") with the required 60 days formal notice of the Comp ...

Shares of Iamgold (IAG) have been strong performers lately, with the stock up 6.7% over the past month. The stock hit a new 52-week high of $5.49 in the previous session. Iamgold has gained 114.2% since the start of the year compared to the -4.2% move for the Zacks Basic Materials sector and the 28.6% return for the Zacks Mining - Gold industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of ...

IAMGOLD (IAG) shares have gained 39.1% over the past three months against the industry's 17.2% growth. This intermediate gold producer has also outpaced leading gold producers like Newmont Corporation (NEM) , Barrick Gold Corporation (GOLD) and Agnico Eagle Mines Limited (AEM) . IAG's Share Price Performance Vs Industry & Few Top Miners Image Source: Zacks Investment Research The IAG stock has generally performed in line with the industry until the second-quarter 2024 results led to a notable 16% increase i ...

All three major U.S. indexes closed last week in the red. The Nasdaq Composite, the S&P 500, and the Dow Jones Industrial Average declined 2.6%, 2.2% and 1.4%, respectively. September is well-known for seasonal weaknesses, and with it, recent soft economic reports have raised concerns about a recession. The weak labor market data weighed on investors' sentiment. Per the Job Openings and Labor Turnover Survey or JOLTS, the job openings in July have decreased to a 3.5-year low of 7.7 million, the lowest level ...

ROUYN-NORANDA, Quebec, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (TSX-V: RDS, OTCQB: RMRDF) ("Radisson" or the "Company") is pleased to announce that it has entered into a Memorandum of Understanding ("MOU") with IAMGOLD Corporation ("IAMGOLD") to assess the design criteria for processing mined material from Radisson's O'Brien Gold Project ("O'Brien" or the "Project") at the nearby Doyon gold mill, part of IAMGOLD's Doyon-Westwood mine complex. The Doyon mill is located 21 kilometres ...

From a technical perspective, Iamgold (IAG) is looking like an interesting pick, as it just reached a key level of support. IAG recently overtook the 20-day moving average, and this suggests a short-term bullish trend. The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out shortterm price trends and shows more trend reversal signals than longer-ter ...

After a turbulent start to August, thanks to recession fears stemming from a weak U.S. employment report, the panic on Wall Street has somewhat eased. The latest FOMC Minutes bolstered expectations for a rate cut in September. However, market volatility is likely to persist in the near term due to uncertainties in the job market and the broader economy, and geopolitical tensions. Historically, September tends to be a challenging month for the stock market, especially in presidential election years. The upco ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

文章核心观点 - 2024年黄金价格大涨21.3%,超过标普500指数17.6%的涨幅 [1] - 当收益型资产变得不太有吸引力时,黄金通常会上涨 [2] - 随着美联储9月份可能降息,黄金价格近期一直在上涨,突破了每盎司2500美元的关口,预计还会进一步上涨 [2] - 近几个月推动黄金价格上涨的一个主要因素是各国央行大量购买黄金,其中包括中国和印度央行 [3] 行业总结 - 华尔街一直对黄金投资持有一定程度的轻视态度,但在经济指标和衰退担忧导致央行可能降息的环境下,黄金价格正在上涨 [4] - 分析师预测黄金价格可能在明年中期突破每盎司3000美元的关口 [5] - 在这种环境下,黄金矿业股票提供了良好的增长潜力,值得投资者关注 [5] 公司总结 - Kinross Gold公司是一家从事黄金勘探和开发的全球性公司,预计今年盈利增长29.6% [7] - IAMGOLD公司是一家中型黄金生产商和开发商,预计今年盈利增长333.3% [8] - Barrick Gold公司是一家全球性黄金和铜矿公司,预计今年盈利增长44.1% [9]