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Iamgold first-quarter profit jumps 205 pct

Tue May 13, 2008 8:39am EDT
 
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(In U.S. dollars unless noted)

TORONTO, May 13 (Reuters) - Iamgold (IMG.TO: Quote, Profile, Research, Stock Buzz) said on Tuesday its first-quarter profit jumped 205 percent, boosted by soaring gold prices.

The mid-tier Canadian gold producer earned $34.4 million, or 12 Cents a share, in the three months ended March 31. This was up from $11.3 million, or 4 cents a share, in the same period a year earlier.

($1=$1.00 Canadian)

(Reporting by Renato Andrade; Editing by Bernadette Baum)

 

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