The gold miner reported a $0.02 EPS miss and $21.21M revenue shortfall despite a 47.5% year-over-year sales increase.
IAMGOLD posted a Q2 non-GAAP EPS of $0.42, missing estimates by $0.02. Revenue reached $856.9M, up 47.5% from the prior year but $21.21M below expectations.
The company’s attributable gold production totaled 188,100 ounces for the quarter and 371,700 ounces year-to-date, aligning with its annual targets. Analysts had anticipated stronger earnings and revenue performance.
Shares may face pressure as the results underscore operational challenges despite higher sales growth.