Adjusted quarterly revenues were $1.3 billion, generating adjusted net earnings of $65 million, or $0.08 per share, compared to adjusted net earnings of $164 million, or $0.20 per share, for the second quarter of 2014.
Adjusted operating cash flow was $358 million, compared to $376 million for the second quarter of 2014. Reported net earnings attributable to shareholders of Goldcorp for the quarter were $392 million, or $0.47 per share, compared to net earnings of $181 million, or $0.22 per share, for the second quarter of 2014.
Goldcorp president and chief executive officer Chuck Jeannes said: "Goldcorp’s excellent second quarter results underscore the growing strength and quality of our mine portfolio.
"Higher gold grades at Peñasquito and a continued strong ramp-up at Cerro Negro drove record quarterly gold production and more than offset the slower-than-planned ramp-up at Éléonore. In addition, a continued focus on cost efficiency and productivity enhancements along with favorable currency effects continued to push costs lower. Our expectation is for this strong operating performance to continue and for 2015 production guidance to trend toward the high end of the current range of between 3.3 and 3.6 million ounces of gold. In addition, we have improved our all-in sustaining cost guidance to between $850 and $900 per gold ounce.
"After several years of investment in our new mines, we were very pleased to generate positive free cash flow after dividends of $50 million during the quarter. We have also taken timely actions to fortify Goldcorp’s strong financial liquidity position. The recent sale of our 26% interest in Tahoe Resources, the $1 billion expansion of our credit facility and the dividend reduction ensure the Company has the financial flexibility to succeed in a volatile gold market."
