Alpha Diallo
0
All posts from Alpha Diallo
Alpha Diallo in Alpha Diallo,

IAM GOLD Suspends Dividend to Protect Balance Sheet

Shares in IAMGOLD Corp (USA) (NYSE:IAG) are currently down over 7 percent after the company suspended dividend payment until further notice in an effort to preserve its balance sheet. The gold mining company cited the current drop in gold prices as a reason for the suspension. Right now, gold prices and the market in general are waiting for the Fed’s announcement on tapering.