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Showing posts with label KGC. Show all posts
Showing posts with label KGC. Show all posts

Wednesday, November 6, 2019

-=Kinross Gold (KGC) reported earnings on Wed 6 Nov 19 (a/h)


  • #97; vol. 16.9M



Kinross Gold misses by $0.01, misses on revs; Updates 2019 Outlook; Appoints new board member 
  • Reports Q3 (Sep) earnings of $0.08 per share, $0.01 worse than the S&P Capital IQ Consensus of $0.09; revenues rose 16.3% year/year to $877.1 mln vs the $908.75 mln two analyst estimate.
Outlook
  • Kinross is on track to meet its production guidance of 2.5 million Au eq. oz. (+/- 5%) and all-in sustaining cost guidance of $995 per Au eq. oz. (+/-5%) for 2019.
  • The Company is tracking towards the lower end of its 2019 production cost of sales guidance of $730 per Au eq. oz. (+/- 5%) and the higher end of its capital expenditure guidance of $1,050 million (+/-5%).
  • The Company now expects its income tax expense to be in the range of $175 - $195 million on an adjusted basis. The change in forecasted tax expense from the previous guidance is primarily a result of stronger gold prices and production mix.
Appoints new Board member
  • The Board of Directors of Kinross has appointed Ms. Elizabeth McGregor, CPA, CA as a Director. Ms. McGregor has almost 20 years of financial experience and over 10 years of experience in the mining sector.

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%). 

Wednesday, February 14, 2018

=Kinross Gold (KGC) reported earnings on Wed 14 Feb 2018 (a/h)



Kinross Gold misses by $0.03, misses on revs; provides 2018 outlook 
  • Reports Q4 (Dec) earnings of $0.01 per share, excluding non-recurring items, $0.03 worse than the Capital IQ Consensus of $0.04; revenues fell 10.2% year/year to $810.3 mln vs the $861.88 mln Capital IQ Consensus.
  • Production: 652,710 gold equivalent ounces (Au eq. oz.), compared with 746,291 Au eq. oz. in Q4 2016. All-in sustaining cost2: $1,019 per Au eq. oz. sold, compared with $1,012 in Q4 2016. All-in sustaining cost per gold ounce (Au oz.) sold on a by-product basis was $1,013 in Q4 2017, compared with $1,010 in Q4 2016.
  • 2018 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%). All-in sustaining cost is forecast to be $975 per ounce sold on both a gold equivalent and by-product basis (+/- 5%). Total capital expenditures are forecast to be approximately $1,075 million (+/- 5%), which includes sustaining capital of $355 million, and non-sustaining capital of approximately $680 million to advance development projects.
  • Co also provided update on organic development projects and full-year 2017 exploration results. Five projects advancing on schedule and on budget; three development opportunities proceeding well. Tasiast two-phased expansion on track, with Phase One production expected by end of June.
  • The Company added approximately 4.0 million oz. to its proven and probable mineral reserve estimates in 2017 to offset depletion of 3.2 million Au oz., mainly due to additions of approximately 2.3 million Au oz. at Round Mountain, 844 koz. at La Coipa, 273 koz. in Russia, 332 koz. at Paracatu and 254 koz. at Fort Knox. Kinross' total proven and probable gold reserve estimate was 25.9 million ounces at year-end 2017 compared with 31.0 million ounces at year-end 2016. The net year-over-year decrease was mainly the result of the sale of Cerro Casale, which accounted for 5.8 million ounces in estimated mineral reserves.

Wednesday, November 8, 2017

-=Kinross Gold (KGC) reported earnings on Wed 8 Nov 2017 (a/h)



Kinross Gold beats by $0.05, beats on revs; Tracking towards the high end of production guidance and low end of costs outlook 
  • Reports Q3 (Sep) earnings of $0.07 per share, excluding non-recurring items, $0.05 better thanthe Capital IQ Consensus of $0.02; revenues fell 9.0% year/year to $828 mln vs the $787.4 mln Capital IQ Consensus.
  • Production: 653,993 gold equivalent ounces, compared with 684,129 Au eq. oz. in Q3 2016.
  • Kinross is tracking towards the high end of its 2017 guidance for production (2.5 - 2.7 million Au eq. oz.), and the low end for both production cost of sales ($660 - $720 per Au eq. oz.) and all-in sustaining cost ($925 - $1,025 per Au eq. oz.). The Company expects to be within its capital expenditures guidance of $900 million (+/- 5%). 

Thursday, February 14, 2013

KGC reports earnings Monday Feb 18 after hours

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