Although We Saw Few Surprises in Kinross’ 1Q, Shares Unexpectedly Rallied More Than 10%
Kinross started 2017 with somewhat mixed performance. Attributable production of almost 672,000 gold equivalent ounces was down 3% from the prior year. However, this puts the company well on track to hit its full-year guidance of 2.5 to 2.6 gold equivalent ounces. On the other hand, all-in sustaining costs rose 8% to $1,104 per gold equivalent ounce, which means the company will have some ground to make up to hit its full-year guidance of $925-$1,025 per gold equivalent ounce. Nevertheless, the ...Kinross Gold is engaged in the mining and processing of gold and, as a by-product, silver ore and the exploration for, and the acquisition of, gold bearing properties in the Americas, the Russian Federation, West Africa and worldwide. As of Dec 31 2013, Co.'s proven mineral reserves for gold and silver were 1,122 ounces and 1,179 ounces respectively.7,883 7,883 7,883
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