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KGC - Kinross Gold: Record Revenues Despite COVID-19 Challenges
Kinross Gold Corporation
We've now more than one-fourth of the way through the Q2 Earnings Season for the Gold Miners Index (GDX), and one of the first companies to report is Kinross Gold (KGC). The senior gold producer had a decent quarter relative to its peers with minimal impact from COVID-19, but still saw quarterly gold-equivalent ounce [GEO] production slide nearly 12% year-over-year to 572,000 GEOs. However, the much higher gold (GLD) offset the lower production, with Kinross reporting a more than 150% increase in quarterly annual EPS from $0.06 to $0.15,