Canadian News
IAMGOLD Q3 Profit Rises - Quick Facts
11/4/2009 8:14 AM ET
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(RTTNews) -
IAMGOLD Corp. (IAG: News ,IMG.TO: News ) reported that its third-quarter net earnings were US$64.9 million or US$0.18 per share, compared to US$18.8 million or US$0.06 per share in the same quarter last year.
Adjusted net earnings for the quarter were US$64.9 million or US$0.18 per share, up from US$23.4 million or US$0.08 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of US$0.10 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter were US$235.2 million, compared to US$226.9 million in the prior year quarter. Three analysts had consensus revenue estimate of US$223.88 million for the quarter.
The company increased 2009 production guidance to between 940,000 and 950,000 ounces, an increase of 60,000 to 70,000 ounces compared to original guidance.
In 2009, full year capital expenditures are now projected at US$422.1 million, down slightly from the previous estimate of US$448.4 million. The decrease is mainly due to lower expenditures at Niobec partially offset by earlier purchase of the Rosebel equipment.
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by RTT Staff Writer
For comments and feedback: contact editorial@rttnews.com
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