Pioneer Group Inc. said it had a loss of $25.2 million in the second quarter and has discontinued its gold mining operation in Ghana.

The Boston-based investment company has lost money for several quarters because of losses from overseas investments, such as the gold mine and a Russian timber operation. However, its core U.S. mutual fund business has remained strong.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.