IAMGOLD Corp. (IAG) Misses Q2 EPS by 1c

IAMGOLD Corp. (NYSE: IAG) reported Q2 EPS of ($0.08), may not compare to the analyst estimate of ($0.07). Revenue for the quarter came in at $226.5 million versus the consensus estimate of $233.11 million.

Second Quarter 2015 Overview:

• Attributable gold production of 202,000 oz.; with gold sales of 195,000 oz.
• Production commenced at Essakane's Falagountou deposit.
• All-in sustaining costs1,2 of $1,076/oz; lower than $1,113/oz in Q1/15 and $1,136/oz in Q2/14
• Total cash costs1,2,3 of $817/oz.; lower than $846/oz in Q1/15 and $881/oz in Q2/14.
• Cash, cash equivalents and gold bullion (at market value) of $836.4 million at June 30, 2015.
• Net cash from operating activities of $31.7 million, bringing year-to-date net cash to $61.7 million.
• 2015 production guidance revised due to localized ground fall following a seismic event at Westwood on May 26, 2015:
• Westwood: from 110,000-130,000 oz. to 60,000-75,000 oz.
• Consolidated (attributable): from 820,000-860,000 oz. to 780,000-815,000 oz.
• 2015 total cash cost guidance maintained at $850-$900/oz. and AISC at $1,075-$1,175/oz.

For earnings history and earnings-related data on IAMGOLD Corp. (IAG) click here.

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