Kinross Achieves 2018 Targets and Issues 2019 Guidance With No Surprises; Shares Fairly Valued
In 2018, Kinross’ attributable production fell 9% to just under 2.5 million gold equivalent ounces, as cash costs rose 10% to $734 per gold equivalent ounce and all-in sustaining costs rose 1% to $965 per ounce. This was largely in line with expectations, achieving the most recent guidance for 2.5 million gold equivalent ounces at cash costs of $730 per ounce and AISC of $975 per ounce.Tasiast Phase One continued to ramp up, reaching record production in the fourth quarter. So far, the project ...
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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