Iamgold stock in demand as Q1 earnings excite

Canadian midtier miner Iamgold has significantly increased gross earnings in three months ended March, as higher output was underpinned by the Westwood mine, in Quebec, while lower costs dovetailed into higher realised prices, the company announced after market closed on Tuesday. Toronto-headquartered Iamgold reported gross profit of $35-million, up $28.5-million from the comparable period a year earlier.