Kinross Gold Corp. reports lower Q2 earnings amid increased production costs
Business Related
Yes
A customer puts gold bar on basket for sell to the gold shop in Bangkok, Thailand, Thursday, April 16, 2020. THE CANADIAN PRESS/AP-Sakchai Lalit
TORONTO – Mining company Kinross Gold Corp. reported lower earnings and increased costs around production for its second-quarter report Wednesday.
The company reported net earnings attributable to common shareholders of US$119.3 million for the quarter ended June 30, compared to US$195.7 million in the same quarter last year.
The Toronto-based company, which reports its earning in U.S. dollars, said on an adjusted basis its net earnings were US$156.5 million, or 12 cents per share, compared to US$194 million or 15 cents per share in the same quarter last year.
AngloGold Ashanti makes offer for Corvus Gold
winnipegfreepress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from winnipegfreepress.com Daily Mail and Mail on Sunday newspapers.
South African miner AngloGold Ashanti submits proposal to buy Corvus Gold - Medicine Hat NewsMedicine Hat News
medicinehatnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medicinehatnews.com Daily Mail and Mail on Sunday newspapers.
South African miner AngloGold Ashanti submits proposal to buy Corvus Gold | iNFOnews
infotel.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from infotel.ca Daily Mail and Mail on Sunday newspapers.
Winnipeg Free Press By: The Canadian Press Save to Read Later
TORONTO - Kinross Gold Corp. says its net income attributable to shareholders surged in the first quarter due to higher price for the precious metal.
FILE - In this April 16, 2020, file photo, a customer puts gold bars on basket for sell to a gold shop in Bangkok, Thailand. THE CANADIAN PRESS/AP-Sakchai Lalit
TORONTO - Kinross Gold Corp. says its net income attributable to shareholders surged in the first quarter due to higher price for the precious metal.
The Toronto-based miner says it earned US$149.5 million or 12 cents per diluted share for the three months ended March 31, up from US$122.7 million or 10 cents per share a year earlier.