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Kinross Gold: 3Q Earnings Snapshot

·1 min read

TORONTO (AP) _ Kinross Gold Corp. (KGC) on Wednesday reported third-quarter profit of $240.7 million.

The Toronto-based company said it had profit of 19 cents per share. Earnings, adjusted for non-recurring costs, were 25 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The gold mining company posted revenue of $1.13 billion in the period.

Kinross Gold shares have climbed 71% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.11, a climb of 70% in the last 12 months.

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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