Q1 gold sales totaled 684K oz. on production of 679.9K oz., vs. sales of 595.1K oz. on production of 614.6K oz. in the prior-year quarter.
All-in sustaining costs were $840/oz., compared with $1,134 a year earlier and earlier expectations of ~$875.
Gold averaged $1,292/oz. in Q1, down 21% Y/Y.
Reaffirms 2014 guidance of 2.95M-3.1M oz. (following the divestiture of Marigold) at all-in sustaining costs of $950-$1,000 per gold oz.; reaffirms 2014 capital spending guidance of $2.3B-$2.5B.