Kinross Gold reports first-quarter loss but tops expectations

Bald Mountain, in Nevada, US was acquired by Kinross in January 2016.

Canada’s Kinross Gold Corp. (KGC) on Tuesday reported a loss of $13.9 million in its first quarter.

The Toronto-based company said it had a loss of 1 cent per share. Earnings, adjusted for non-recurring costs, came to less than 1 cent on a per-share basis. Revenue was $782.6 million in the period.

The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

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