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Iamgold: 2Q Earnings Snapshot

August 7, 2019

TORONTO (AP) _ Iamgold Corp. (IAG) on Wednesday reported a loss of $14.4 million in its second quarter.

The Toronto-based company said it had a loss of 3 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The gold and niobium mining company posted revenue of $246.5 million in the period.

In the final minutes of trading on Wednesday, the company’s shares hit $4.02. A year ago, they were trading at $5.27.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IAG at https://www.zacks.com/ap/IAG

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