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Stock impact report

IAMGOLD's 273% Run Has a Real Reason Behind It [Yahoo! Finance]

Iamgold Corporation Ordinary Shares (IAG) 
Last iamgold corporation ordinary shares earnings: 2/19 05:25 pm Check Earnings Report
Company Research Source: Yahoo! Finance
SPDR Gold Trust (GLD) rose 72.66%. IAMGOLD's Côté Gold mine reached full production capacity, delivering record margins as gold prices doubled, though profitability depends on commodity prices staying elevated. The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE One of the standout performers in the gold mining space this year, IAMGOLD ( NYSE:IAG ), has seen its shares jump 28.38% year-to-date and an extraordinary 273% over the past twelve months. The question analysts and observers are asking: Is this a fundamentals story, or is IAMGOLD simply riding gold's coattails? The honest answer is both as gold itself is up 72.66% over the same one-year period via the SPDR Gold Shares ( NYSEARCA:GLD ) ETF, meaning IAG has delivered roughly four times gold's return. That kind of outperformance suggests something real is happening at the operational level. The Côté Gold mine is the clearest explanation. After years of development spending that push Show less Read more
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