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Kinross posts net earnings of $66M in Q3 as gold production from continuing operations up 61%

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Kinross Kinross posts net earnings of $66M in Q3 as gold production from continuing operations up 61%

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According to a news release, the company's all-in sustaining costs from continuing operations per Au eq. oz. sold were $1,282 in Q3 2022, compared with $1,369 in Q3 2021. The increase in reported net earnings was mainly due to the temporary suspension of milling operations at Tasiast in June 2021, it said.

The company is expecting its 2022 production to be approximately 2 million Au eq. oz., mainly due to the temporary delays in La Coipa's mill ramp-up and commissioning related to the Tasiast 21k project. Full-year production from continuing operations for the year ended December 31, 2021 was 1,447,240 Au eq. oz.

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