10 Firms Buck Thursday’s Market Bloodbath

5. IAMGOLD Corporation (NYSE:IAG)

IAMGOLD Corp. extended its rally for a fourth consecutive day on Thursday, adding 5.68 percent to end at $6.88 apiece amid higher gold prices and with investor funds flocking to gold assets for safety from the ongoing market uncertainties.

On Thursday, gold saw spot prices rise by 0.35 percent to end at $3,187.30 per ounce after jumping to an all-time high of $3,188.45 at the intra-day session.

In recent news, IAG said that it would release its first-quarter earnings performance on May 6.

IAG is a leading gold producer with assets across Canada and West Africa. The company fully owns the Westwood project in Quebec, holds a 60 percent stake in the Côté Gold project in Ontario, and controls 90 percent of Essakane in Burkina Faso.

For this year, it targets gold production to hit between 735,000 and 820,000 ounces, focusing on maximizing Côté Gold’s potential.