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Tuesday, May 8, 2018

-=Kinross Gold (KGC) reported earnings on Tue 8 May 2018 (a/h)



Kinross Gold beats by $0.05, beats on revs; on track to meet production and cost guidance 
  • Reports Q1 (Mar) earnings of $0.10 per share, excluding items, $0.05 better thanthe Capital IQ Consensus of $0.05; revenues rose 12.7% year/year to $897.2 mln vs the $823.77 mln Capital IQ Consensus.
  • Outlook: Kinross expects to produce 2.5 million Au eq. oz. (+/- 5%) at a production cost of sales per Au eq. oz. of $730 (+/- 5%) and all-in sustaining cost of $975 (+/- 5%) per ounce sold on both a gold equivalent and by-product basis for 2018. Total capital expenditures are forecast to be approximately $1,075 million (+/- 5%). 

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