Loading prices...

Register/Sign in
ScrapMonster
Are ads getting in your way? Register for Ad-free pages and live data.
Get an instant offer on your damaged car
Mining News May 12, 2021 04:05:13 PM

Kinross Gold on Track to Surpass 2021 Guidance

Paul Ploumis
ScrapMonster Author
The Paracatu, Kupol and Tasiast mines together accounted for around 60% of the quarterly production.
Kinross Gold on Track to Surpass 2021 Guidance

SEATTLE (Scrap Monster): The Toronto, Ontario-based gold and silver mining company Kinross Gold Corporation announced 2021 first quarter results. The company is well on track to meet 2021 annual guidance, it noted.

According to company press release, it recorded 558,777 attributable gold equivalent ounces of production during the quarter. The production cost of sales was $756 per ounce, whereas the all-in sustaining cost (AISC) of gold production totalled $975 per ounce. The attributable margins surged higher by almost 25% to $1,031 per ounce.

ALSO READ:

Kinross Gold Foresees Levelled Gold Output in 2021

Kinros Gold Plans to Sell Gold Mines in North and South America

The company reported net earnings of $149.5 million, or $0.12 per share and adjusted net earnings of $192.8 million, or $0.15 per share, significantly higher from Q1 2020. Kinross Gold recorded adjusted operating cash flow of $399.6 million, operating cash flow of $279.8 million and free cash flow of $75.6 million. The total liquidity stood at $2.6 billion as at end-March this year.

The Paracatu, Kupol and Tasiast mines together accounted for around 60% of the quarterly production.

J. Paul Rollinson, President and CEO said that the company’s diversified portfolio of mines delivered good start to the year. The company is well-positioned to continue generating strong cash flow through the year, are on track to meet our annual guidance, he added.

Are ads getting in your way? Register for Ad-free pages and live data.

How to Recycle

Proper Disposal of Alkaline Batteries

Proper Disposal of Alkaline Batteries

Improper disposal of alkaline batteries can result in various negative consequences. Explore our blog post to discover safe disposal methods.
Christmas Tree Recycling - Responsible Ways

Christmas Tree Recycling - Responsible Ways

Proper preparation and using a reliable Christmas tree recycling directory ensures responsible disposal and maximizes the benefits.
Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop throwing away LED light bulbs and dispose of them responsibly. Proper disposal ensures environmental safety and sustainability.
powered by RecyclingMonster
Are ads getting in your way? Register for Ad-free pages and live data.
×

Quick Search

Advanced Search