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.