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The company reported adjusted earnings of $377.5 million or $0.76 per share in the first three months of 2024. The earnings significant beat expectations, as analysts were looking for an EPS of $0.60. The company said its free cash flow was $0.79 per share, $0.78 per share before changes in non-cash working capital balances.
Looking at costs, the company said production costs per ounce came in at $892, total cash costs per ounce were $901, and all-in sustaining costs per ounce3 of $1,190. At the same time, the company saw an average gold price of $2,062 an ounce in the first quarter. The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc.
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