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.