07:10 AM EDT, 08/08/2019 (MT Newswires) -- Iamgold (IAG) reported late Wednesday Q2 loss of $0.03 per share compared with a loss of $0.06 per share in the year-ago period. Analysts polled by Capital IQ were expecting a net loss of $0.01 per share.

Revenue dropped to $246.5 million from $277.4 million in the comparable quarter last year. The mining firm missed the CapIQ-compiled forecast of $272.9 million.

Iamgold lowered its full-year 2019 total attributable gold production guidance to a range of 765,000 to 810,000 ounces as it expects reduced output from Rosebel mine in Suriname. It previously expected 810,000 to 870,000 ounces. The company also reduced its capital expenditures guidance by $80 million to $275 million.

Price: 3.6500, Change: -0.36, Percent Change: -9.09