IAMGOLD's (IAG) Shares Scale 52-Week High: More Room to Run?

Shares of IAMGOLD Corporation (IAG) scaled a new 52-week high of $3.80 on Apr 5, before closing the session a tad lower at $3.72.The stock rose on the announcement of its first gold pour at the Côté Gold Mine, located in Ontario, Canada, on Mar 31, 2024. This marks a milestone for IAG as the mine is expected to significantly boost its production while lowering the cost profile. The company’s share price surged as gold prices hit record levels due to multiple factors like U.S. interest rate cut bets, geopoli ...