Q2 gold production rose 9% Y/Y to ~200K oz.
Raises FY 2014 gold production outlook to 790K oz., with average cash costs for commercial production of $495/oz. and average all-in sustaining cash costs of $850/oz.; previous guidance saw production of 730K-800K oz. at average cash costs of $550-$590/oz. and average all-in sustaining cash costs of $915-$985/oz.
Full-year capital spending is forecast at $170M in sustaining capital and $265M in project development capital compared vs. prior $170M and $345M respectively, mainly due to projected lower capital spending at Skouries.