May 2, 2017 / 9:46 PM / 3 months ago

BRIEF-Kinross reports Q1 adjusted EPS $0.02

2 Min Read

May 2 (Reuters) - Kinross Gold Corp

* Kinross Gold reports 2017 first-quarter results

* Q1 earnings per share $0.11

* Q1 revenue $796.1 million versus $782.6 million

* Q1 adjusted earnings per share $0.02

* Says again on track to meet our annual guidance for production and costs.

* Expects to be its 2017 capital expenditures guidance of $900 million

* Says tasiast phase one expansion on budget and on schedule to reach full production in q2 2018

* Qtrly production of 671,956 gold equivalent ounces, compared with 687,463 au eq. oz. In q1 2016

* Qtrly all-in sustaining cost of $953 per au eq. oz. Sold, compared with $956 in q1 2016

* Feasibility study for tasiast phase 2 is on schedule to be finalized in q3, when co expects to make development decision for the project

* Will enter into a contingent water supply agreement with cerro casale joint venture

* Expects to use any water supplied under such agreement for its chilean assets to enhance future optionality Source text for Eikon: Further company coverage: (Reporting by Debanjan Bose)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below