IAMGOLD Corp. (NYSE: IAG) reported Q3 EPS of $0.00, $0.04 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $341.5 million versus the consensus estimate of $324.6 million.

Outlook - 2014

Gold Production and Cash Costs

• We are narrowing our 2014 attributable gold production guidance from a range of 835,000 - 900,000 ounces to 835,000 - 850,000 ounces. This guidance reflects lower grades at Rosebel offset by Essakane's increased production due to the successful ramp-up of the processing of higher-grade hard rock.
• We are maintaining our 2014 cash costs guidance for gold mines of $825 - $875 per ounce produced and all-in sustaining costs per ounce sold at $1,150 - $1,250.
• Rosebel – The grades in the third quarter were higher than the first half of 2014 due to implementation of measures stemming from the grade control audit, along with the move to reverse circulation drilling for in-pit grade control. With grades and recoveries expected to be in line with the third quarter, we are lowering the attributable gold production guidance from 330,000 - 350,000 ounces to 315,000 - 320,000 ounces.
• Essakane – With the production ramp up and strong throughput, along with higher-grade hard rock ore, we are increasing 2014 attributable gold production guidance from 315,000 - 330,000 ounces to 30,000 - 335,000 ounces.
• Westwood - We are changing the 2014 attributable gold production guidance for the Doyon division from 100,000 - 120,000 ounces to 95,000 - 100,000 ounces. We maintain our 2014 total cash cost guidance for Westwood of $750 - $850 per ounce produced.
• Joint Ventures – We expect 2014 attributable production for Sadiola and Yatela combined to be 95,000 ounces.

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