Tuesday, April 30, 2013

AUY misses on Sales & EPS on lower Gold prices & higher production cost.....

AUY is reporting the following :

Sales consensus $558.69 million
Sales actual $534.87 million

EPS consensus 18 cents
EPS actual 16 cents

AUY was able to increase its Gold production to 291,312 GEO ( Gold Equivalent Ounce) +4% YOY

All in Gold production cost is $856 GEO, cash cost is $383 GEO

Considering the pressure on Gold prices & sky high cost of producing Gold, this earning report is more than satisfactory. AUY  to control all cost in future quarter going forward.

AUY AH Bid $12.00 ASK $12.10

AUY closed @ $12.30.

Conference call @ 11.00 AM Wednesday.

BLOG does NOT give buy or sell.

Saleem


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