Iamgold profit plummet as production, prices fall

Tue May 7, 2013 5:50pm EDT
 
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May 7 (Reuters) - Canadian miner Iamgold Corp reported a 91 percent fall in first-quarter profit due to lower gold production and a decline in price of the precious metal.

The company's net earnings attributable to equity holders fell to $10.9 million, or 3 cents per share, from $119.2 million, or 32 cents per share, a year earlier.

Revenue fell 14 percent to $305.3 million.