Iamgold (IAG) has recently reported Q1 2019 results. The company’s quarterly performance was troubled due to lower output, higher costs, and a decline in the average realized gold prices Y/Y. Apart from witnessing higher production costs, IAG’s cost metrics remained uncompetitive compared with peer gold miners. Moreover, the company’s correlation with gold prices (in both bear and bull gold markets) indicates another red flag for the investors. If gold prices recover from the current level (which is reasonably likely in my opinion) IAG’s share price may also show modest recovery. However, the company