Kinross Gold (KGC) has just provided its second quarter results, reporting revenue of $1 billion and earnings of $0.15 per share. Not surprisingly, the higher gold price environment has provided significant support for the company’s finances. In the second quarter, Kinross Gold produced 571,978 gold equivalent ounces ((GEO)) at all-in sustaining costs (AISC) of $984 per ounces. This gold was sold at an average price of $1712 per ounce which allowed the company to grow its operating cash flow to $432.8 million compared to $299.6 million in the first quarter.
Kinross Gold finished