May 11, 2012 / 11:04 PM / 5 years ago

UPDATE 1-Iamgold profit falls on lower gold production

May 11 (Reuters) - Iamgold Corp's net earnings from continuing operations fell 11 percent, as gold production for the quarter fell and mining costs increased.

January-March net earnings from continuing operations attributable to equity shareholders fell to $119.2 million, or 32 cents per basic share, down from $133.2 million, or 36 cents per share, a year ago.

Revenue fell 2 percent to $404.2 million.

Attributable gold production fell 11 percent to 207,000 ounces in the first quarter, the company said in a statement.

Mining costs including depreciation, depletion and amortisation rose about 3 percent to $215.6 million.

Shares of the company closed at C$10.82 on Friday on the Toronto Stock Exchange.

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