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Yamana Gold (AUY): Q2 EPS of $0.18 misses by $0.04. Revenue of $535M (-6.6% Y/Y) misses by $27M....

Yamana Gold (AUY): Q2 EPS of $0.18 misses by $0.04. Revenue of $535M (-6.6% Y/Y) misses by $27M. Reports production of 288,700 gold equivalent oz., gold production of 242,692 oz., silver production of 2.3M oz. Shares -0.4%. (PR)
Comments (1)
  • GUS100CORRINA
    , contributor
    Comments (706) | Send Message
     
    Based on a quick calculation, AUY was on track to beat based on production numbers. Delays is shipping/booking product left AUY with a 32,000 GEO and 3.9 MM lbs of cu in unfinished inventory. In addition, Alumbrera delayed selling over 8MM lbs of cu which would have been a credit to AUY because of currency repatriation changes in Argentina. With these credits, AUY would have reported $0.24 per share versus $0.18 per share. GEO production up over 4% from previous quarter and year ago quarter.
    8 Aug 2012, 06:23 PM Reply Like
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