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Goldcorp Q4 Production Notches Record, but EPS Misses

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Goldcorp  (NYSE: GG  ) couldn't quite meet analyst EPS projections, despite posting a quarter and a fiscal year that set records. The company unveiled its Q4 and fiscal 2013 results, reporting that its gold production reached an all-time quarterly record of just under 769,000 ounces. Adjusted revenues for the period, however, fell to $1.2 billion, from the $1.4 billion in the same quarter the previous year. Adjusted net income landed at $74 million ($0.09 per share), against Q4 2012's $465 million ($0.57).

Analysts had been expecting revenue of $1.2 billion and EPS of $0.23.

For the full year, adjusted top line came in at $4.7 billion, while adjusted net was $634 million ($0.78 per share). Gold production for the year notched an annual record at 2.7 million ounces.

Goldcorp also proffered operational guidance for 2014. It believes it will see a 13% to 18% annual increase in gold production to 3.0 to 3.15 million ounces, which would set a new all-time high.


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Eric Volkman
TMFVolkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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Related Tickers

7/28/2015 4:04 PM
GG $12.67 Up +0.06 +0.48%
Goldcorp, Inc. (US… CAPS Rating: ***

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