OTTAWA (dpa-AFX) - Iamgold Corp. (IAG, IMG.TO) reported first-quarter net earnings attributable to equity shareholders of $119.2 million or $0.32 per basic share, compared to $153.4 million or $0.41 per basic share in the year ago quarter.
Adjusted net earnings from continuing operations attributable to equity shareholders were $92.4 million or $0.25 per share, down from $117.8 million or $0.32 per share in the comparable quarter last year. On average, ten analysts polled by Thomson Reuters expected the company to report earnings of $0.28 per share. Analysts' estimates typically exclude special items.
Revenues from continuing operations declined 2 percent to $404.2 million from $414.0 million in the prior year period, while four analysts estimated revenues of $435.27 million for the quarter.
As previously disclosed, the company expects attributable gold production for 2012 to be in the range of 840,000 to 910,000 ounces at a cash cost1 of between $670 and $695 per ounce.
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