Iamgold posts P330 million loss

Botswana Stock Exchange(BSE)- listed Iamgold last week posted a net loss of $47,4-million(P330 m) for the fourth quarter of 2009.

The loss came after the company announced a $88,8-million non-cash impairment charge related to its Camp Caiman project, in French Guiana.

The company, which owns Mupane Gold Mines near Francistown had warned in January that fourth-quarter earnings would be impacted on by the charge. Excluding some items, adjusted net earnings rose 152 percent year-on-year, to $41,4-million, compared with 16,4-million a year earlier.

Editor's Comment
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The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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