IAMGOLD Corp. (NYSE: IAG) reported Q3 EPS of ($0.12), $0.03 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $207.6 million versus the consensus estimate of $215.3 million.

Outlook for 2015

Production and Cost Guidance

• While maintaining our 2015 gold production guidance of 780,000-815,000 attributable ounces, we are increasing Essakane's guidance to 365,000-380,000 and lowering Westwood's to 55,000-65,000 ounces. The increase in Essakane's guidance reflects record performance in the third quarter due to favourable grades and strong throughput with the optimization of the expanded mill. Production guidance for Westwood has been reduced following lower than originally planned production in the third quarter 2015. We decided at Westwood to direct mine resources on development and rehabilitation activities in the third quarter.
• We are reducing our cash cost guidance from $850 - $900 to $825 - $865/oz and reducing our all-in sustaining cost guidance from $1,075 - $1,175 to $1,050 - $1,150/oz. The revised ranges include the benefit of cost reductions achieved to date. Costs for the remainder of the year are expected to trend higher due to processing higher proportions of hard rock at Essakane and Rosebel.

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