Goldcorp (GG) Misses Q4 EPS by 6c, Offers FY15 Guidance
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Goldcorp (NYSE: GG) reported Q4 EPS of $0.07, $0.06 worse than the analyst estimate of $0.13. Adjusted revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.09 billion.
2015 Guidance
On January 12, Goldcorp announced production and cash cost guidance for 2015. The Company has forecast an approximate 20% increase in gold production to between 3.3 and 3.6 million ounces. All-in sustaining costs are expected to be between $875 and $950 per ounce of gold. Both gold production and cash cost guidance include the assumption of the completion of the Wharf divestiture before March 31, 2015.
Capital expenditures for 2015 are forecast at between $1.2 and $1.4 billion, including approximately $235 million at Cerro Negro, $215 million at Peñasquito, $115 million at Éléonore and $95 million at Cochenour.
For earnings history and earnings-related data on Goldcorp (GG) click here.
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