Posted AT 9:46 AM EDT on 13/05/08
Iamgold profit triples
TORONTO — Iamgold Corp.'s first-quarter earnings almost tripled to $34.4-million (U.S.) from $11.3-million a year ago, boosted by high gold prices and asset sales.
The Toronto-based miner said Tuesday that revenues rose 42 per cent to $208-million from $146.4-million, thanks in part to higher prices for gold and ferroniobium.
Average realized gold price rose to $899 per ounce compared with $648 per ounce in the first quarter of 2007.
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