February 24, 2011 / 11:30 PM / in 7 years

UPDATE 1-Iamgold profit jumps as gold output rises

(In U.S. dollars)

    TORONTO, Feb 24 (Reuters) - Iamgold Corp (IMG.TO) said on Thursday its fourth-quarter profit rose as increased gold production and higher gold prices helped boost results.

    Excluding one-time items, earnings in the quarter rose to $144.9 million, or 39 cents a share. That compares with a profit of $56.8 million, or 15 cents a share.

    Gold production in the quarter rose 35 percent to 315,000 attributable ounces. (Reporting by Euan Rocha; editing by Rob Wilson)

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