Kinross Gold (KGC) Reports In-Line Q2 EPS, Offers Outlook

Kinross Gold (NYSE: KGC) reported Q2 EPS of ($0.01), in-line with the analyst estimate of ($0.01). Revenue for the quarter came in at $755.2 million versus the consensus estimate of $752.18 million.

Outlook
The following section of the news release represents forward-looking information and users are cautioned that actual results may vary. We refer to the risks and assumptions contained in the Cautionary Statement on Forward-Looking Information on page 18 of this news release.

Kinross is tracking at the high end of its 2015 production guidance of approximately 2.4 - 2.6 million Au eq. oz.

The Company is tracking at the low end of its production cost of sales guidance range of $720 - $780 per Au eq. oz. and all-in sustaining cost guidance range of $1,000 - $1,100 per Au eq. oz. sold, and below its capital expenditure forecast of approximately $725 million.

Other operating costs are now expected to be approximately $120 million, compared with the previously-stated guidance of $50 million, partly due to the impact of the extreme weather event in Chile, and changes to legal and tax-related accounting provision

For earnings history and earnings-related data on Kinross Gold (KGC) click here.

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