August 6, 2009 / 12:09 PM / in 8 years

UPDATE 1-Iamgold second-quarter profit climbs 33 pct

* Net income $0.12/shr vs $0.11/shr

* EPS ex-items $0.15 (In U.S. dollars unless noted)

TORONTO, Aug 6 (Reuters) - Iamgold Corp (IMG.TO) said second-quarter net income rose 33 percent, helped by a higher average realized gold price and lower average cash costs.

Net earnings were $44.1 million, or 12 cents a share, compared with $33.2 million, or 11 cents a share, in the year-earlier period, the Canadian gold miner said on Thursday.

Excluding items, it earned $53.4 million, or 15 cents a share, up from a year-ago profit of $33.2 million, or 11 cents a share.

Analysts polled by Reuters had expected, on average, a profit of 10 cents a share before exceptional items.

Revenue was little changed at $225.3 million, compared with $225.1 million a year earlier.

Gold production was 249,000 ounces at an average cash cost of $437 per ounce, compared with production of 255,000 ounces at an average cash cost of $472 per ounce in the second quarter of 2008

The average realized gold price in the quarter was $898 per ounce, compared with $878 a year earlier. (Reporting by Euan Rocha; editing by John Wallace)

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