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0.00111358574610243 0.000974387527839549 0.00334075723830728 0 0.0122494432071269 0.00668151447661475 -0.00584632516703789 0.00779510022271718
Stock impact report

Can Kinross Gold's Profits Keep Shining Amid Higher Costs? [Yahoo! Finance Canada]

Kinross Gold Corporation (KGC) 
Last kinross gold corporation earnings: 2/12 05:00 pm Check Earnings Report
production cost of sales per ounce to $1,145 in the third quarter, impacted by higher royalty costs stemming from increased gold prices. All-in-sustaining costs (AISC), a key indicator of cost efficiency in mining, rose nearly 20% year over year to $1,622 per gold equivalent ounce sold and were also up from $1,493 in the prior quarter. While a 40% increase in average realized gold prices led to a surge in third-quarter profits, the rise in unit costs underscores a spike in inflation. KGC's guidance indicates cost pressures through 2025, with the company expecting full-year AISC per gold equivalent ounce to reach $1,500 (+/- 5%) and production cash costs to be around $1,120 (+/- 5%) per ounce. KGC, on its third-quarter call, said that it is tracking toward the top end of its ASIC guidance as a result of a higher proportion of sustaining capital, with fourth-quarter AISC expected to be higher sequentially. The AISC guidance indicates a significant year-over-year rise due to a rise i Show less Read more
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