Kinross increases net earnings to $151M in second quarter as gold production up, costs down

- Kinross Gold , one of the world’s largest gold producers, announced today it produced 555,036 gold equivalent ounces in Q2 2023 from continuing operations, up 22% compared with 453,978 ounces in Q2 2022.

According to Kinross, production cost of sales from its continuing operations per gold equivalent ounce sold was $900 for the quarter, down 12% compared with $1,027 in Q2 2022, primarily due to the increase in gold equivalent ounces sold. Free cash flow from the company’s continuing operations in Q2 2023 was $246.7 million, which is an increase of 129% compared with $107.7 million in Q2 2022.

Kinross also announced that its Board declared a quarterly dividend of $0.03 per common share payable on September 8, 2023 to shareholders of record at the close of business on August 24, 2023.

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