Yamana Gold Inc. (USA) (NYSE:AUY) late Wednesday said it turned to a loss in Q3 ended September 30, hit by impairment charges and one-time charges related to reorganization and demobilization costs in placing C1 Santa Luz on care and maintenance. The gold producer said net loss was US$1 billion, or US$1.17 per share, compared to a net income of US$43.4 million, or US$0.06 per share, in 2013. Excluding non-cash and one-time charges, adjusted loss was US$12.5 million, or US$0.01 per share, versus adjusted net income of US$69.5 million, or US$0.09 per share, last year. Street view was for adjusted net income of US$0.06 per share, as compiled by Capital IQ.Revenue for the period increased to US$501.2 million from US$456.7 million, but still missed the Capital IQ consensus of US$569.73 million, as a result of higher sales quantities. The company sold 340,985 gold equivalent ounces and 35.7 million pounds of copper after producing 391,277 gold equivalent ounces. Last year, Yamana Gold Inc. (USA) (NYSE:AUY) produced 306,935 gold equivalent ounces.Shares of BorgWarner Inc. (NYSE:BWA), the auto parts supplier reported lower than expected revenue with earnings that were in-line with estimates. The company also lowered FY 2014 guidance. BWA reported adjusted non-GAAP net income for Q3 of $166.6 million, or $0.79 per share, in-line with the consensus estimate from Capital IQ. For the same quarter last year, BorgWarner Inc. (NYSE:BWA) had adjusted non-GAAP earnings of $0.70 per share. Total revenue of $2.03 billion missed the consensus estimate of $2.06 billion, but was up from $1.8 billion for Q3 2013. For FY 2014, BWA lowered its earnings guidance to $3.23 to $3.28 per share from $3.25 to $3.35 per share, below the Cap IQ estimate from 17 analysts of $3.33 per share. BWA last traded at $53.01 with a 52-week range of $49.71 to $67.49.Goldcorp Inc. (USA) (NYSE:GG) reported Q3 net income of $70 million, or $0.09 per share, missing the consensus estimate from Capital IQ of $0.19 per share. For the same quarter last year, Goldcorp Inc. (USA) (NYSE:GG) reported net income of $190 million, or $0.23 per share. Revenue totaled $1.10 billion which is above the consensus estimate of $1.05 billion, but down slightly from $1.16 billion for Q3 2013. For FY 2014, Goldcorp confirmed production guidance of between 2.95 and 3.1 million gold ounces. In light of the pit wall instability at El Sauzal and the suspension of activities at Los Filos in Q2, the Company expects gold production guidance to be at the low end of the range of between 2.95 million and 3.1 million ounces. Shares of GG are trading with a 52-week range of $20.54 to $29.65.
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