Kinross reports knock-out Q1 profit

May 9, 2018

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Canadian multinational gold producer Kinross Gold has reported a 435% jump in headline profit for the three months ended March 31, as 30% higher year-on-year margins and a decrease in depreciation, depletion and amortisation boosted the bottom line. Adjusted net earnings increased to $125.2-million, or $0.10 a share, double the average Wall Street analyst forecast calling for earnings of $0.05 a share, on revenue of $827.71-million, according to data provided by Thomson Reuters.

Category: General