Kinross reports quarterly profit but gold prices weighed

Reuters

TORONTO, July 30 (Reuters) - Kinross Gold Corp on Wednesday reported a profit for the second quarter, after a year-earlier loss tied to a $2.29 billion one-time charge.

Revenue slipped 5.8 percent to $911.9 million, as gold prices fell.

The company earned $46 million, or 4 cents a share, compared with a net loss of $2.48 billion, or $2.17 a share a year ago.

Excluding special items, it earned $32.9 million, or 3 cents a share, down from $119.5 million, or 10 cents a share, last year.

(Reporting by Alastair Sharp and Allison Martell)

View Comments (0)