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.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

December gold prices fall more than 1% as gap with spot market narrowsKitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
Источник: KitcoNewsNOW - 🏆 13. / 78 Прочитайте больше »

Gold market analysis for August 1 - key intra-day price entry levels for active traders
Источник: KitcoNewsNOW - 🏆 13. / 78 Прочитайте больше »