Iamgold: 2Q Earnings Snapshot
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.