Kinross' Production Likely to Fall in the Medium Term Without Tasiast Phase Two Development
During Kinross Gold's second quarter, attributable production fell 13% to 605,049 gold equivalent ounces and cash costs rose 16% to $767 per gold equivalent ounce. However, this was largely in line with expectations, and the company is well on track to reach full year guidance of 2.5 million gold equivalent ounces at cash costs of $730 per ounce.For the most part, the company's development projects advanced as expected. Tasiast Phase 1 is in the final stages of commissioning, and Round Mountain...
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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