IAMGOLD stock sinks over 12% as Q1 results fall short
The Toronto-based gold miner reported an adjusted net loss of $2.2m, or roughly $0 per share, falling short of analysts' expectations of $0.01 per share.
Gold price suffers fifth straight losing session as gold ETF outflows reach highest level since December and GLD investors pull out 10.5 tonnes in a week.
AuRico is reporting its seventh consecutive quarter of record production, representing a 10% increase over the prior quarter and a 17% increase over the first quarter of 2013.
Chairman John Thornton had to make do with $7 million less and CEO Jamie Sokalsky's take home shrank 3.7 million last year when shares in the world's number one gold miner tanked 45%.