Iamgold returns to quarterly profit as gold surges

Fri Aug 8, 2008 8:28am EDT
 
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TORONTO (Reuters) - Iamgold IMG.TO IMG.TO said on Friday it returned to a second-quarter profit helped by higher gold prices.

The mid-tier Canadian gold producer earned $33.3 million, or 11 cents a share, in the quarter ended June 30, compared with a loss of $81.4 million, or 28 cents a share, in the same period last year, which included a big impairment charge at its Mupane mine in Botswana.

($1=$1.06 Canadian)

(Reporting by Scott Anderson; Editing by Peter Galloway)