Core Viewpoint - Kinross Gold Corporation reported strong financial results for the first quarter of 2024, with significant increases in profit, revenue, and production compared to the previous year [1][2]. Financial Performance - Profit from continuing operations was $107 million or 9 cents per share, up from $90.2 million or 7 cents per share in the same quarter last year [1]. - Adjusted earnings were 10 cents per share, an increase from 7 cents in the prior-year quarter, surpassing the Zacks Consensus Estimate of 6 cents [1]. - Revenues rose 16% year over year to $1,081.5 million, exceeding the Zacks Consensus Estimate of $876.9 million [1]. Operational Performance - The company produced 527,399 gold equivalent ounces, a 13% increase year over year, surpassing the estimate of 458,590 ounces [2]. - Average realized gold prices were $2,070 per ounce, up 9% from the previous year, beating the estimate of $1,913 per ounce [2]. - Production cost of sales per gold equivalent ounce was $982, down 0.5% year over year and below the estimate of $990 [2]. - All-in-sustaining cost per gold equivalent ounce sold fell nearly 1% year over year to $1,310, also below the estimate of $1,356 [2]. - Margin per gold equivalent ounce sold increased to $1,088 from $907 in the prior-year quarter [2]. Financial Position - Cash and cash equivalents at the end of the quarter were $406.9 million, down approximately 19.6% year over year [3]. - Long-term debt decreased to $1,234 million, down about 43% year over year [3]. Outlook - For 2024, Kinross expects production to be around 2.1 million gold equivalent ounces (+/- 5%) [4]. - The company anticipates a production cost of sales of $1,020 per gold equivalent ounce (+/- 5%) and an all-in-sustaining cost of $1,360 (+/- 5%) for the year [4]. - Capital expenditures are projected at approximately $1,050 million (+/- 5%) for 2024 [4]. Price Performance - Kinross' shares have increased by 27.5% over the past year, contrasting with a 5.6% decline in the industry [5].

Kinross Gold Corporation (NYSE:KGC) Q1 2024 Earnings Conference Call May 8, 2024 8:00 AM ET Company Participants Chris Lichtenheldt - Vice President, Investor Relations Paul Rollinson - Chief Executive Officer Andrea Freeborough - Executive Vice President and Chief Financial Officer Claude Schimper - Executive Vice President and Chief Operating Officer William Dunford - Senior Vice-President, Technical Services Conference Call Participants Mike Parkin - National Bank Josh Wolfson - RBC Capital Markets Anita ...

First Quarter 2024 Results May 8th, 2024 Delivering Value. Conference Call Participants ...

Kinross Gold (KGC) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this gold mining company would post earnings of $0.09 per share when it actually produced earnings of $0.11, delivering a surprise of 22.22%.Over the last four quarters, the ...

Exhibit 99.1 KINROSS GOLD CORPORATION MANAGEMENT'S DISCUSSION AND ANALYSIS For the three months ended March 31, 2024 This management's discussion and analysis ("MD&A"), prepared as of May 7, 2024, relates to the financial condition and results of operations of Kinross Gold Corporation together with its wholly owned subsidiaries, as at March 31, 2024 and for the three months then ended, and is intended to supplement and complement Kinross Gold Corporation's unaudited interim condensed consolidated financial ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Kinross Gold (KGC) , which belongs to the Zacks Mining - Gold industry, could be a great candidate to consider.When looking at the last two reports, this gold mining company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 21.11%, on average, in the last two quarters.For the most recent quarter, Kinross ...

Company to hold virtual Annual Meeting of Shareholders Meeting materials are now available TORONTO, April 09, 2024 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX:K; NYSE:KGC) will release its financial statements and operating results for the first quarter of 2024 on Tuesday, May 7, 2024, after market close. On Wednesday, May 8, 2024, at 7:45 a.m. EDT Kinross will hold a conference call and audio webcast to discuss the results, followed by a question-and-answer session. The call-in numbers are as follows ...

Company to hold virtual Annual Meeting of Shareholders Meeting materials are now available TORONTO, April 09, 2024 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX:K; NYSE:KGC) will release its financial statements and operating results for the first quarter of 2024 on Tuesday, May 7, 2024, after market close. On Wednesday, May 8, 2024, at 7:45 a.m. EDT Kinross will hold a conference call and audio webcast to discuss the results, followed by a question-and-answer session. The call-in numbers are as follows ...

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