Kinross Gold: 1Q Earnings Snapshot

Kinross Gold: 1Q Earnings Snapshot

Associated Press
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TORONTO (AP) _ Kinross Gold Corp. (KGC) on Tuesday reported first-quarter earnings of $64.7 million.

The Toronto-based company said it had profit of 5 cents per share. Earnings, adjusted for non-recurring costs, were 7 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The gold mining company posted revenue of $786.2 million in the period.

In the final minutes of trading on Tuesday, the company's shares hit $3.06. A year ago, they were trading at $4.03.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KGC at https://www.zacks.com/ap/KGC

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