IAMGOLD (TSX: T.IMG, Stock Forum) late Tuesday reported that its first-quarter net earnings attributable to shareholders fell 91% to $10.9 million, or three cents per share, from $119.2 million, or 32 cents per share, a year ago, this according to a company news release.
On an adjusted basis, the company earned 15 cents per basic share, while revenue slipped 14% to $305.3 million.
The mid-tier gold producer also announced that attributable gold production for the quarter decline 9% to 188,000 ounces, as the company cited lower grades at the Essakane mine in Burkina Faso and the Sadiola operation in Mali.
IAMGOLD did, however, maintain its 2013 annual gold production guidance of 875,000 to 950,000 ounces.