TORONTO (AP) — Iamgold Corp. (IAG) on Monday reported first-quarter net income of $19.5 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Toronto-based company said it had net income of 4 cents. Earnings, adjusted for non-recurring gains, came to 1 cent per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The gold and niobium mining company posted revenue of $297.4 million in the period.
In the final minutes of trading on Monday, the company's shares hit $3.31. A year ago, they were trading at $3.63.