- Major gold producer Kinross Gold announced on Tuesday that the company produced 466,022 Au eq. oz. in Q1 2023 from continuing operations, up 23% compared with 378,421 Au eq. oz. in Q1 2022.
Production cost of sales from continuing operations per Au eq. oz. sold was $987 for the quarter, compared with $972 in Q1 2022, primarily due to higher costs at the company’s Nevada operations, largely offset by increased production. The company also reported net earnings from continuing operations of $90.2 million, or $0.07 per share for Q1 2023, compared with reported net earnings of $81.3 million, or $0.06 per share, for Q1 2022.According to a news release, as part of its continuing quarterly dividend program, the company declared a dividend of $0.03 per common share payable on June 15, 2023, to shareholders of record as of June 1, 2023.