IAMGOLD (IAG) Hits 52-Week High: What's Driving the Stock?

Shares of IAMGOLD Corporation (IAG) scaled a new 52-week high of $4.60 on May 20, before ending the session slightly lower at $4.53. The increase was fueled by rising gold prices and IAG's solid first-quarter production numbers and results. Côté Gold mine commenced production during the quarter, contributing 1,000 ounces to its quarterly output. This marks a milestone for IAG as the mine is expected to significantly boost its production, while lowering the cost profile. IAMGOLD has a market capitalization o ...