Iamgold posts P330 million loss

Tuesday, February 23, 2010

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.

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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 projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

MISA Botswana celebrates World Press Freedom day

Unlawful wounding turns to murder

Mahalapye suspected copper cable thief nabbed

TAFIC targets top four finish

Selefu

Selefu

Repatriation underway for seven SA Pilgrims

Stakeholders must step up veggie supply