Kinross Gold first-quarter results

Tasiast at dusk

Toronto-based Kinross Gold has announced its 2013 Q1 results, including a dip in earnings from $196 million to $170 million and increased production from 588,358  to 648,897 ounces, year-over-year.

Revenue was up slightly from $1,005 million in Q1 2012 to $1,058 million in Q1 2013.

The company had an operating cash flow of $411.8 million or $0.36 per share, up from $319.3 million or $0.17 per share in 2012.

Kinross expects to be within its 2013 forecast production guidance of 2.4-2.6 million ounces and its forecast capital expenditures of $1.6 billion.

Kinross has mines and projects in Brazil, Canada, Chile, Ecuador, Ghana, Mauritania, Russia and the United States, employing approximately 7,500 people worldwide.


To read the quarterly report in full, click here.

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