Bull of the Day: IAMGOLD (IAG)

With operating mines in the Americas and West Africa, and the high-profile Côté Gold project in Ontario ramping up, IAMGOLD is transitioning from "rebuild mode" to "cash flow mode." That's when the fun usually begins. When gold prices rise, margins expand fast. Mining has high fixed costs, so incremental price gains drop straight to the bottom line. That operating leverage is exactly what you want if you believe the gold move has legs. There's something about gold when the market starts to feel a little wob ...