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Wednesday, November 8, 2017

-=Kinross Gold (KGC) reported earnings on Wed 8 Nov 2017 (a/h)

Kinross Gold beats by $0.05, beats on revs; Tracking towards the high end of production guidance and low end of costs outlook 
  • Reports Q3 (Sep) earnings of $0.07 per share, excluding non-recurring items, $0.05 better thanthe Capital IQ Consensus of $0.02; revenues fell 9.0% year/year to $828 mln vs the $787.4 mln Capital IQ Consensus.
  • Production: 653,993 gold equivalent ounces, compared with 684,129 Au eq. oz. in Q3 2016.
  • Kinross is tracking towards the high end of its 2017 guidance for production (2.5 - 2.7 million Au eq. oz.), and the low end for both production cost of sales ($660 - $720 per Au eq. oz.) and all-in sustaining cost ($925 - $1,025 per Au eq. oz.). The Company expects to be within its capital expenditures guidance of $900 million (+/- 5%). 

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