IAG EPS & Sales lower due to production & cost issues..

IAG reported 11 cents EPS vs consensus of 14 on mines shutdown & unforeseen cost issues..

Sales $214 million vs consensus of $226 million

Raising production guidance for 2010 to 980,000 Oz to 1,100,000 million Oz from previous guidance of 940,000 to 1,000,000 Oz....

Also reducing cost per Oz for Gold in 2nd half....

I am keeping IAG based on improved cost & higher production of Gold for 2nd half...

BLOG does NOT give buy or sell.

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