Iamgold (TSE:IMG) Net Earnings Second-best in History

Iamgold (TSE:IMG)(NYSE:IAG) had one of its better quarters in history, as it generated its second-highest profits for a quarter in its history, increasing by 12 percent from last year.

Increased sales of gold and niobium and hgiher gold prices were the main impetus behind their solid quarter.

Earnings rose from $52.5 million last year to $58.8 million.

Revenue grew to $240.1 million, a 27 percent increase.

Gold production was 206,000 at an average cost of $524 an ounce. That was 3 percent lower than last year, but increased sales made up for it.