TORONTO (AP) _ Kinross Gold Corp. (KGC) on Wednesday reported a fourth-quarter loss of $27.7 million, after reporting a profit in the same period a year earlier.
The Toronto-based company said it had a loss of 2 cents per share. Earnings, adjusted for non-recurring costs, were 1 cent per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The gold mining company posted revenue of $786.5 million in the period.
For the year, the company reported a loss of $23.6 million, or 2 cents per share, swinging to a loss in the period. Revenue was reported as $3.21 billion.
In the final minutes of trading on Wednesday, the company's shares hit $3.22. A year ago, they were trading at $3.93.