>>> Goldcorp misses by $0.05, beats on revs; reaffirms FY15 guidance given last

Goldcorp misses by $0.05, beats on revs; reaffirms FY15 guidance given last month 

Reports Q4 (Dec) earnings of $0.07 per share, excluding non-recurring items, $0.05 worse than the Capital IQ Consensus Estimate of $0.12; revenues fell 9.6% year/year to $1.09 bln vs the $1.01 bln consensus.

  • Co preannoucned results on Jan 12.
  • Gold sales totaled 707,900 ounces on record gold production of 890,900 ounces.
  • All-in sustaining costs1,4 were $1,035 per ounce.
  • Adjusted operating cash flow totaled $337 mln, or $0.41 per share
On January 12, Goldcorp announced production and cash cost guidance for 2015. The Company has forecast an ~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 ~$235 million at Cerro Negro, $215 million at Peñasquito, $115 million at Éléonore and $95 million at Cochenour.

Goldcorp also announced today proven and probable gold mineral reserves of 49.6 million ounces. Proven and probable silver mineral reserves totaled 789 million ounces, representing one of the largest silver reserves in the industry.