Kinross on Track to Hit Full-Year Guidance After Reporting Few Surprises in 3Q Results
During Kinross’s third quarter, attributable production fell 11% to 582,260 gold equivalent ounces, as cash costs rose 17% to $777 per gold equivalent ounce and all-in sustaining cost, or AISC, rose 12% to $1,049 per ounce. However, this was largely in line with our expectations, and the company is well within reaching its reiterated full-year guidance of 2.5 million gold equivalent ounces at cash costs of $730 per ounce and AISC of $975 per ounce.Development projects advanced as expected, with...
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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