Kinross Gold Reports Q3 Non-GAAP EPS Beat Amid Revenue Miss
Kinross Gold (KGC) reported third-quarter financial results featuring a Non-GAAP earnings per share of $0.50, exceeding analyst expectations by $0.05. However, the company's revenue reached $1.77 billion, falling short of estimates by approximately $80 million and representing a 1.7% decline year-over-year. Operational performance saw the production of 424,693 gold equivalent ounces. The cost of sales was reported at $1,502 per gold equivalent ounce sold, while attributable production costs stood at $1,485 per ounce. Despite the revenue miss, the earnings beat suggests effective margin management during the period.
Topics: earnings beat gold production production costs revenue miss