KGC - Kinross Gold: Q4 Performance Puts The Company Back On Track
Kinross Gold (KGC) has recently reported its fourth-quarter results, beating analyst estimates on both earnings and revenue. The company reported revenue of $996.2 million and adjusted earnings of $0.13 per share, a material improvement from third-quarter results which included revenue of $877.1 million and earnings of $0.05 per share. Kinross Gold produced 645,344 gold equivalent ounces ((GEO)) at all-in sustaining costs ((AISC)) of $1050 per ounce. The high gold price boosted the company’s operating cash flow which came at $408.6 million. As a result, Kinross’ yearly operating cash flow of $1.22 billion exceeded