UPDATE 2-Iamgold quarterly profit rises sharply

* Q3 EPS $0.18 Vs $0.06 a year ago

* Q3 revenue up 4 percent to $235.2 mln

* Shares up 2.8 pct in trade before morning bell

(Adds details on results; All figures in U.S. dollars)

TORONTO, Nov 4 (Reuters) - Canada's Iamgold Corp (IMG.TO: Quote, Profile, Research) said on Wednesday its third-quarter earnings more than tripled, driven by lower mining costs and a higher realized gold price.

Net income in the quarter ended Sept. 30 rose to $64.9 million, or 18 cents a share, up from $18.8 million, or 6 cents a share, a year earlier.

Quarterly revenue rose 4 percent to $235.2 million.

Since Sept. 1, the New York gold futures price has risen from $953.50 per ounce. It touched a record highs above $1,095 an ounce earlier on Wednesday and dealers now see gold poised to target the psychologically important $1,100 an ounce level. [ID:nL4552432]

Earlier this month, the gold miner increased its 2009 gold production forecast, due to increased productivity at its Rosebel mine in Suriname and the extended life of its Doyon mine in Quebec. [ID:nN26180735]