04:48 AM EDT, 05/07/2019 (MT Newswires) -- Iamgold (IAG), a Canadian gold producer, reported late Monday that it broke even on an adjusted basis in Q1, missing the analyst consensus view for a profit of $0.01 per share.

Revenue was $251 million, down from $314.5 million for the same period last year and below the Street view of $278.5 million.

During the quarter, the company produced 185,000 ounces of gold, down from 229,000 ounces for the year earlier. For 2019, Iamgold said it still expects to produce 810,000 to 870,000 attributable ounces of gold at all-in sustaining costs per ounce sold of $1,030 to $1,080.

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