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Iamgold: 1Q Earnings Snapshot

Associated Press
Updated ·1-min read

TORONTO (AP) _ Iamgold Corp. (IAG) on Monday reported a loss of $34.4 million in its first quarter.

On a per-share basis, the Toronto-based company said it had a loss of 7 cents. Losses, adjusted for non-recurring costs, came to 1 cent per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The gold and niobium mining company posted revenue of $274.5 million in the period.

In the final minutes of trading on Monday, the company's shares hit $3.69. A year ago, they were trading at $2.91.

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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