03:58 PM EST - Iamgold Corp : after its $1.14 billion takeover of Canadian gold miner Cambior Inc., Iamgold announced on Friday that third-quarter profit jumped nearly 220 percent on higher gold prices, bigger production and cost controls. Net earnings rose to $13.4 million, or 8 cents a share, for the quarter ended September 30, from $4.2 million, or 3 cents a share, in the same period last year. Iamgold produced 140,270 ounces of gold at cash costs of $329 per ounce, compared to year-earlier production of 109,294 ounces at cash costs of $281 an ounce. Iamgold Corp.
T.IMG are trading down 4 cents at $10.84.
