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Stock impact report

Kinross Gold adjusted profit jumps on higher gold prices, output [Reuters]

Kinross Gold Corporation (KGC) 
Last kinross gold corporation earnings: 2/12 05:00 pm Check Earnings Report
Company Research Source: Reuters
Kinross Gold adjusted profit jumps on higher gold prices, output (Reuters) - Canadian miner Kinross Gold Corp ( K.TO ) reported a jump in quarterly adjusted profit on Wednesday, helped by record output at its third biggest mine Tasiast, and higher gold prices that boosted margins. The company’s adjusted profit rose to $156 million, or 13 cents per share, in the fourth quarter ended Dec. 31, from $13.5 million, or 1 cent per share, a year earlier. The company’s total production rose to 645,344 gold equivalent ounces from 610,152 gold equivalent ounces a year earlier. Average realized gold prices rose 21% to $1,485 per ounce from $1,226 an year earlier. Show less Read more
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